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0VIX

Decentralized Finance Lending & Borrowing

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0VIX Overview

What is 0VIX?: A DeFi liquidity market protocol on Polygon's highly scalable layer2, allowing users to lend, borrow, and earn interest on their digital assets while overcoming network congestion and gas fees associated with the Ethereum network. The protocol provides a lower entry barrier into DeFi for potential investors with limited capital, and will soon include veTokenomics and dynamic interest rates.
Blockchains: Polygon, Polygon zkEVM

Find More on 0VIX's Website

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Frequently asked questions

How does the dynamic interest rate curve work?

The dynamic interest rate curve on 0VIX incentivizes users to keep their liquidity on the platform by providing the smoothest borrow rates in DeFi. This curve is powered by quantitative in-house risk assessment research and is continuously stress-tested across multiple scenarios in thousands of simulations to demonstrate its resilience in volatile markets. The goal is to encourage users to maintain their liquidity on 0VIX in all market conditions and at extreme protocol utilization. Additionally, 0VIX offers insights into the probability of getting liquidated in the next 24 hours, allowing users to compare their risk level with other protocol users.

What is the quantitative in-house risk assessment research?

Quantitative in-house risk assessment research refers to the data-driven approach used by 0VIX to measure and analyze the risk of getting liquidated within the next 24 hours. This research provides insights into the probability of liquidation and compares it to other users of the protocol. It helps set a new standard for risk measurement and allows users to make informed decisions regarding their assets.

How are toxicity numbers used to measure liquidity risks?

Toxicity numbers are used to measure liquidity risks by comparing the amount of an asset being used as collateral on lending markets to the amount of liquidity available to safely liquidate it without incurring high slippage fees. This metric provides real-time information on the liquidity risk associated with an asset, helping users assess the potential risks and make informed decisions.

Who is eligible for pre-mined VIX rewards?

All users who supply or borrow to/from any market listed on 0VIX are eligible for pre-mined VIX rewards/incentives.

How does the community vote on improvement proposals and rewards distribution?

The community votes on improvement proposals and rewards distribution in 0VIX. It is a community-led protocol where users have the ability to vote on how rewards are distributed across markets and other improvement proposals.

What crypto assets can be supplied and borrowed?

The 0VIX platform allows users to supply and borrow crypto assets. Specifically, users can supply and borrow blue-chips and stablecoins. By supplying these assets, users can earn an Annual Percentage Yield (APY) in the token they supply, as well as additional VIX rewards. Additionally, users can earn VIX rewards when they borrow assets.

How can I get insights into the probability of getting liquidated?

To get insights into the probability of getting liquidated in the next 24 hours, you can use the 0VIX platform. 0VIX utilizes a data-driven approach and quantitative in-house risk assessment research to provide risk measurement. They offer a feature that allows users to assess their liquidation probability and compare it to other protocol users. Additionally, 0VIX has pioneered Toxicity numbers, which measure real-time liquidity risks of assets by comparing the amount of an asset used as collateral on lending markets to the available liquidity for safe liquidation without high slippage fees. Users who supply or borrow from any market listed on 0VIX are eligible for pre-mined VIX rewards/incentives. The 0VIX protocol is community-led, allowing the community to vote on improvement proposals and how rewards are distributed across markets. Users can supply and borrow crypto assets, including blue-chips and stables, and earn APY in the token they supply, along with additional VIX rewards.