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.