Vigor is a Lending and Borrowing service based in EOS blockchain. It's taken two years to develop the tool but VIGOR is the first completely decentralized DeFi product as it has been developed using a DAC (Decentralized Autonomous Community).
Here's the Link to their App
Vigor leaders used EOSDac opensource software to launch its DAC and let anyone wanting to help develop the project join. Its been two years of work but finally, the tool launches today September 15th, 2020. Anyone can join the DAC staking tokens.
Vigor has several advantages over its competitors.
It has a multi-collateral protocol.
It has three layers of protection:
- Overcollaterized loans
- Insurance pool
- Final reserve pool
It uses two tokens, VIGOR which is a USD stable coin, and VIG which is a utility token to pay interests and earn rewards.
The utility token VIG has been trading in Newdex for quite a while and it can also be traded in the new Defibox.io swap protocol.
With the explosion of DeFi services in Ethereum, several protocols are launching in EOS adding more and more TVL (Total Value Locked) to the arena. Although EOS TVL is still far away from Ethereum, its free transaction may move some value to the first blockchain from the latter.
Data from EOSPayout
There is also an amazing stats panel where all data can be analized.
The Vigor protocol has completed an audit by the security auditing firm Sentnl and its contract permissions have been fully decentralized and turned over to the DAC multi-sig.
Here's a final video explaining what you can do with the platform.
