This is the DeFi platform, VIGOR

The platform VIGOR is one of the new DeFi decentralized finance platforms running under the EOS blockchain. VIGOR tries to make available to all users a currency that offers stability as it is linked to the dollar; and also tries to be able to create an ecosystem that allows loans to be made using EOS within its own system.

Thus, it can be said that it is a platform that acts as a credit line or system. Users can use it when they need to obtain units of stable currencies originated with native EOS tokens. These can be used for the system guarantee fund, also counting on the endorsement of internal insurers.

In this way, direct interaction between insurers and borrowers is possible, guaranteeing that there are no intermediaries in the system. Likewise, this makes it possible for participants to separate and transfer the risk of changes and volatility in the price through smart contracts open source, used as collateral.

VIGOR has several purposes within the decentralized finance ecosystem. First of all, it seeks the formation of a system that is based on a currency that offers stability. This is key to achieving the creation of a financial system that is reliable and that allows create a savings and loan market based on EOS.

Thus, users will be able to make profits with the native EOS tokens when they deposit them to be used as collateral securities on currency loans. It is intended that up to ten times the profit on the price of the token can be achieved by making guaranteed loans of the stable currency to later be sold by EOS.

How does VIGOR work?

This platform has an operation that is similar to that of a credit line backed by cryptographic assets. Through this system, those who resort to the use of this protocol will be able to achieve benefits. This income can be achieved by acquiring loans or working on the platform under an insurer modality, achieving economic returns with the interest generated.

In this way, the VIGOR token can be considered a great innovation that has a decentralized stable currency. The project gives life to a token that is backed by cryptocurrencies without a central counterparty. This allows users to divide and transfer both risks through smart contracts.

In this way, we find a decentralized system where we can find two different participants:

• Borrowers
  • They can deposit native tokens as collateral.
  • They can take out loans while maintaining the level of collateral.
  • Pay premiums to secure your warranty over time.
• Lenders
  • They deposit native EOS tokens that are used as lending assets.
  • They allow you to earn premiums on the contribution to reaching a moment of solvency.
  • Absorption and collection of loans that can offer ample guarantee.

The platform seeks to have a practical operation that allows direct interaction between the parties.