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Documentation for the 0VIX Protocol
In Brief: 0VIX is a decentralized application (dApp) that enables the lending and borrowing of cryptocurrencies.
0VIX 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 protocol may earn passive income, while borrowers are able to borrow using over-collateralization
Decentralized Finance (DeFi) has grown substantially in the last few years. As most DeFi 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 experienced and new users with smaller capital. 0VIX aims to alleviate these problems by providing a suite of DeFi products on a highly scalable and decentralized platform running on Polygon, a blockchain network which offers much lower network fees. Focusing on approachability, ease of use and low fees, 0VIX aims to democratize access to decentralized finance by providing users with straightforward permissionless lending and borrowing.
- 1.Instantly supply or withdraw assets from a 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 a given asset's market supply and demand