0VIX Airdrop Review: VIX” Tokens to Early Users of the Platform

About 0VIX Airdrop

0VIX Airdrop is a Decentralized Finance (DeFi) liquidity market protocol, built on Polygon. The 0VIX protocol enables users to effortlessly lend, borrow and earn interest with their digital assets. Depositors providing liquidity to the procotol may earn passive income, while borrowers are able to borrow in an over-collaterized manner. It has confirmed to launch a token called “VIX” and has confirmed to airdrop it to early users of the platform. Early users who supply or borrow assets on the platform will get free VIX once the token is launched.

0VIX is a Decentralized Finance (DeFi) liquidity market protocol, built on Polygon. The 0VIX protocol enables users to effortlessly lend, borrow and earn interest with their digital assets. Depositors providing liquidity to the procotol may earn passive income, while borrowers are able to borrow in an over-collaterized manner.

How To Join Age Of 0VIX Airdrop

First Step

Visit the 0VIX dashboard.

Second step

Connect your Metamask wallet and change the network to Polygon.

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Third Step

Now supply or borrow assets on the platform.

Fourth Step

Also make sure to provide feedback about the platform to their Discord channel.

Fifth Step

0VIX has confirmed to do an airdrop of “VIX” tokens to early users of the platform.

The next evolutionary step in money-market protocols

0VIX’s elegant technology, smart tokenomics and frictionless UX makes DeFi lending future-proof and attractive to all users.

Supply Assets

Choose from a list of assets and stablecoins and invest to receive a competitive APY.

Borrow Assets

You can borrow against your supplied assets if you enable them as collateral for the protocol.

Claim OVIX

Every interaction with the protocol makes you eligible for claiming 0VIX.

Lock OVIX

You can choose to lock your 0VIX for a predefined or custom time period. In turn, you will receive ve0VIX tokens proportional to the time period you have locked in for.

Vote For Market Rewards

Every 10 days you can use your ve0VIX to vote for how rewards should be distributed across markets to all participants.

Why 0VIX?

Decentralized Finance (DeFi) has grown substantially in the last few years. As most of DeFi’s activity is currently conducted on Ethereum, the network has started to experience congestion problems that have resulted in high network fees. This has proven to be a significant barrier for both old and new users with smaller capital to justify engaging in DeFi.

0VIX aims to alleviate these problems by providing a suite of DeFi products on a highly scalable and decentralized platform. With a focus on approachability, ease of use, and low fees, 0VIX aims to democratize access to decentralized financial products by providing users access to permissionless lending and borrowing.

1. 1.Instantly supply or withdraw assets from the shared liquidity market
2. 2.Instantly borrow from any of the liquidity markets using the supplied assets value as collateral
3. 3.Have a transparent view of interest rates based on the asset’s market supply and demand

0VIX is an open and permissionless liquidity market, which means that anyone with a wallet can use the product and third-party protocols are invited to build on top of us to generate further yields.

oToken

When tokens are supplied to the 0VIX protocol’s various markets corresponding oToken are minted and received by the supplier’s wallet (eg. ETH mints oETH). oToken are the interest-bearing, tokenized representations of user deposits issued according to the ERC20 standard.

Though oTokens are representative of the underlying asset, they do not possess a 1:1 exchange rate with it (1 USDC is not equal to 1 oUSDC). Whenever a user mints, redeems, borrows, repays, liquidates an account, or transfers oTokens, they are doing so through an interaction with the relevant oToken contract.

All token markets on 0VIX have their own supply interest rate. By holding a oToken for one second or longer, the custodian automatically earns interest paid by borrowers of the asset that is expressed in an increase in the value of the oToken against its corresponding underlying asset. Even while the number of oToken in a user’s wallet stays the same, the quantity of the asset they can be redeemed for increases.

Users oToken are visible on any Polygon block explorer. Since they follow the ERC20 standard, they are transferable like any other standard token. It is necessary, however, to be aware that transfers that would result in the user’s account entering an undercollateralized state will fail.