About 0VIX Airdrop
0VIX Airdrop is a Decentralized Finance (DeFi) liquidity market protocol, built on Polygon. The 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.
0VIX 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.
| Platform | Tokens per Claim | Max. Participants | Website |
|---|---|---|---|
| Polygon | N/A | Unlimited | Click Here To Visit |
The next evolutionary step in money-market protocols
0VIX 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 0VIX
Every interaction with the protocol makes you eligible for claiming 0VIX.
Lock 0VIX
You can choose to lock your 0VIX Airdrop 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.
oToken
When tokens are supplied to the 0VIX Airdrop 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.
Protocol Parameters
The core parameters of 0VIX protocol
Borrow Limit
A user’s Borrow Limit is an expression of the value of the assets they are able to borrow based on the value of their supplied assets and these assets’ combined Loan-to-Value figures. Once this Borrow Limit is reached, the liquidity of the account has arrived at zero. If the value of the user’s collateral were to then fall further or they were to fail to keep up with the interest accrued on their borrowed balance, then their collateral would become vulnerable to liquidation.
Borrow Limit Used
Borrow Limit Used is simply an expression of the amount of liquidity that an account has used but stated as a percentage and based on the value of the assets they currently have provided and their combined Loan-to-Value rates.
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 Airdrop 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.Instantly supply or withdraw assets from the shared liquidity market
- 2.Instantly borrow from any of the liquidity markets using the supplied assets value as collateral
- 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.