0vix Airdrop Review: Borrow Assets on 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.

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.

Step-by-Step Guide:

1. Visit the 0VIX dashboard.
2. Connect your Metamask wallet and change the network to Polygon.
3. Now supply or borrow assets on the platform.
4. Also make sure to provide feedback about the platform to their Discord channel.
5. 0VIX has confirmed to do an airdrop of “VIX” tokens to early users of the platform.

Introducing DeFi-Lending 2.0

0vix Airdrop , the core Polygon Money Market Protocol. Be part of our beta now.

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 OVIX

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

Lock

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.

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.

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.

Team

The brainchild of the core team behind SquareLabs & GOGOcoin

CEO – GARRY KRUGLJAKOW

Founder GOGO protocol, serial entrepreneur, experienced banker and a Forbes 30 under 30 in Finance. Helped initiate and build N26 and founded two FinTechs which are used daily by millions.

CTO – HOSSAM SARAYA

0vix Airdrop 10+ years of experience in software and web architectures, having co-founded 3 startups and lead 6+ software teams. Advocate for strong security, with experience implementing.

CMO – MARCUS GREINKE

15+ years in full funnel and data-driven marketing focusing on growth and brand development. Spent 7 years in global brand consulting.

Advisors

The advisors have a wealth of experience including building and assisting top DeFi protocols and FinTech firms.