Pre-mining rewards before VIX token launch
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.
Before the official release of $VIX, users can “pre-mine”. To become eligible, users have to interact with the 0VIX protocol in any way. This includes depositing BTC, ETH, USDC, USDT, DAI, MAI, MATIC, or MaticX or just borrowing any of the assets on 0VIX. The more one lends or borrows, the greater one’s $VIX rewards.
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.