0VIX guarantees its long-term sustainability with veTokenomics and encourages community governance through its native token $VIX. Users can lock $VIX to receive $veVIX and voting rights, getting a direct say in the future of the protocol.
How can users get $VIX?
Before the official release of $VIX, users can “pre-mine”. To become eligible, users need to deposit or borrow on 0IX markets that carry $VIX rewards. The more one lends or borrows, the greater one’s $VIX rewards.
$VIX rewards program
The $VIX rewards program runs in approximately 1-week-long epochs, starting and ending at random times, so that nobody gets an unfair advantage. Anyone participating in the program will accumulate $VIX rewards every epoch without needing to trigger or do anything.
Users can claim their pre-mined $VIX rewards after the launch of the $VIX token (subject to vesting). All $VIX rewards are calculated and updated every epoch (1 week) and are based on the user’s activity during the previous epoch.