Although no official confirmation of the exact launch date has as of yet been given, the VIGOR borrow, lend, and reward protocol is set to go live in an official capacity sometime within the next month. Rocking up on the one year anniversary since it’s launch, the Vigor project differentiates itself a little from other leading DeFi projects presently out there in a number of subtle but important ways.
As a Decentralized Autonomous Corporation or DAC for short, it has tapped into the value of a number of skill sets that the broader EOS and blockchain community has to offer from building, finance, legal, marketing, integration, and a variety of other avenues. This means that the structure of every aspect of the project must go through the governance aspect of the VIGOR DAC from proposals right through to execution [1].
As a DAC, anyone who believes that they can bring value to the project is free to apply to be a member, which the acting custodians will weigh and approve those that they deem can help propel the project forward.
From a financial and tokenomics perspective, VIGOR is much more than a digital asset that maintains a stable value. Utilizing a mathematical engineered model preventing many instabilities that plague the present DeFi marketplace, the VIGOR protocol has addressed within its inception a host of backdoor loopholes seen recently as a bi-product of volatility causing massive gains for some and a loss for others [2].
Add to that the recent launch and testing of the VIGOR Jungle testnet to ensure the official roll out will go trouble free with all the kinks worked out, not to mention acting a free paper trading resource to hone your trading skills and the ability to have a platform that the community can become familiar with before having to actually put your tokens on the table [3].
Beyond the inner workings of the DAC, the functionality of the testnet, and understanding of the protocols that makes Vigor a different breed from almost everything out there at present, Vigor has been hard at work with forging connections with users of other projects in the space such as Boid, Consortium, and GenPool reward proxies (https://genpool.io/). In fact if your at all interested in Vigor we not only invite you to join the DAC, but also support us in these other limited window projects.
Boid, a project well known in the EOSIO space is about to launch their Season 4 of Boid mining. In a nutshell Boid utilizes the excess CPU and GPU from computers around the world to run complicated computations in an effort to enable better understanding of a variety of pressing matters that are in urgent need of being solved such as medical or cancer research and weather pattern studies. This season Boid has announced that it will focus their efforts towards the most pressing matter of the day – that being Corona Virus research. By joining the Vigor Boid team not only can you help by dedicating your spare CPU towards Boid’s mission, but should you place in the top 20 Boid miners on the Vigor team share in the 400,000 VIG tokens that have been put up for grabs. For those interested in partnering with Vigor in this Boid Season 4 Corona Virus Research initiative, head on over to our Vigor Boid Mining Telegram Channel to inquire more on how to get involved. Please note this season kicks off on April 27th, so do make sure to join before then as once the season begins you’ll have to wait until season 5 for your next entry chance. Should you have any questions regarding the Vigor Boid team please check in with the telegram group at t.me/vigorboidmining [4].
Another way to help support Vigor is via the Consortium Genesis Vote. For those unfamiliar with the particulars of Consortium, it’s an EOS mainnet dApp looking to incentivize communities to take part in organizational development and help aggregate opinions and ideas of various projects in the EOS ecosystem through the process of stakeholding allowing for utilization amidst continually general decision-making. The Consortium Genesis vote will last approximately another 13 days through to May 9th, 2020, in which time we encourage anyone who holds any amount of Vigor more than 1 VIG token to head on over, log in to your account, and send the min 1 VIG token to the Genesis Vote contract with a yes/no answer to the question “Would you like to have an on-chain signaling system with built in incentives built directly into your dApp?”
Upon receiving the token and counting your vote, the 1 or more VIG will be immediately returned to your account accompanied by Consortium GOVRN tokens for partaking. The rank of the project in cue of the number of GOVRN tokens users have staked, which in the case of Vigor is number 1 meaning more GOVRN for voting than anything else on the list, can also be added to increase the rate of GOVRN future accounts will get for their vote on the project as well. So do be sure to consider helping Vigor add to the staked pot and remain unreachable. As for why one might want these GOVRN tokens, we suggest you head on over to the explainer page of the Consortium Homepage and read all the details regarding the particulars of ‘What is Consortium‘ and hopefully show your Vigor Consortium support in the meantime.
Finally, for those interested the SupportVigor reward proxy offers one final incentive to help out Vigor in a mutually beneficial way. Simply proxy your vote to “supportvigor” or select supportvigor on genpool.io to support Vigor and earn rewards. Half of rewards received goes to you the voter and half goes to the Vigor DAC. And for any BP’s out there that may be reading please do add our ‘supportvigor’ proxy to your list of supported proxies on the Genpool BP support page.
And that about wraps it up with all the announcements and possibilities for helping both Vigor and yourselves move towards a future in which we can all collectively share in ReDEFIning the future of DeFi. Go VIGOR!
Footnotes
[1] Vigor: A Borrow, Lend, and Save Community
[2] MakerDown:
[3] Vigor Jungle Testnet Tutorial
[4] Vigor is on Season 4 of Boid Mining
Links
Vigor Homepage: https://vigor.ai/
Vigor DAC and Memberclient: https://vig.ai/
Vigor Telegram: https://t.me/vigorstablecoin
Vigor Twitter: https://twitter.com/vigorstablecoin
Boid: https://www.boid.com/
Vigor Boid Team Telegram: https://t.me/vigorboidmining
Consortium: https://consortium.live/home
GenPool BP Rewards Proxies: https://genpool.io/
