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Vigor Protocol | Virtual-Strategy Magazine

Gold Investment Experts by Gold Investment Experts
in Foreign Gold Coins
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Vigor Protocol | Virtual-Strategy Magazine 1

On March fifth, 2020, Vigor formally obtained correspondence from their patent lawyer concerning the patent utility based mostly on the White Paper: Worldwide Search Report and The Written Opinion of the Worldwide Search Authority.

Vigor Protocol | Virtual-Strategy Magazine 2

“We’re happy to report that the Worldwide Looking out Authority states that All Claims are novel, comprise an ingenious step and have industrial applicability.”

Not solely does this imply that Vigor is onto one thing nice with their efforts within the DeFi house, but in addition that what the Vigor DAC members, , those which were working tirelessly in such quite a lot of methods are one step nearer to their objective of constructing out one thing that would revolutionize the methods wherein conventional finance is completed.

What units VIGOR aside from different crypto-backed lending platforms?

“VIGOR makes use of monetary engineering principals to separate and switch default danger embedded in token costs. We disentangle the roles of every participant borrower/insurer/governor. We use commonplace regulatory danger fashions and put stress-testing and danger/compliance on-chain for full transparency. We stability usability with the necessity for strong worth discovery. We take into account full portfolio analytics offering the consumer the total useful variations between reg-T margin and portfolio margin. We run as a DAC from the very starting; many tasks fail their mandate to decentralize over time. We don’t default to utilizing overly conservative leverage constraints or set arbitrary mortgage charges. Our customers govern. We’ll by no means increase capital, preferring self-funding or angel donation solely.” (Andrew Bryan, Stuffed Shirt)

Vigor Protocol | Virtual-Strategy Magazine 3

Don’t DAI, Reside with Vigor!!

How does this distinction in opposition to a really totally different beast: fiat-backed stablecoins (solely a digital fiat placeholder)?

2a

Crypto-backed lending platforms (like VIGOR) are completely totally different than fiat backed stablecoins. Whereas we additionally occur to have a stablecoin, our platform is primarily involved with letting customers lever up or down their publicity to token costs, with a pool of customers socializing the achieve/loss on the opposite facet. For that reason we describe VIGOR as a crypto prime dealer, offering two key companies. Utilizing phrases from conventional finance to succinctly describe these companies is completely incorrect, however the closest phrases could be (1) fairness repo, and (2) securities lending. (translation: borrowing stablecoin in opposition to crypto-collateral, and borrowing crypto in opposition to stablecoins collateral for shorting). Observe fairness repo is distinct from the extra frequent bond repo as a result of worth danger turns into paramount relative to counterparty danger. Crypto-backed stablecoins are borne and proliferate into the crypto-economy when loans are drawn; there may be an insatiable demand for credit score.

2b

Fiat-backed stablecoins (like Tether) are the crypto-analog to the thought of the Gold Commonplace (see appendix A) the place the singular goal is to have a extra handy type of cash to make use of as foreign money (solely a digital fiat placeholder).

———————————————-

Appendix A

Gold Commonplace – Foreign money Backed by Gold

  1. a) {that a} nationwide financial unit was now outlined when it comes to a given amount of gold
  2. b) redeemability: that the central financial institution or Treasury would stand by prepared to purchase and promote gold on the ensuing fastened worth within the phrases of the nationwide foreign money
  3. c) that gold was freely coined and gold cash fashioned a major a part of the circulating medium (and thus implying fastened alternate charges).

It was not a flawless system, in fact, and it didn’t guarantee worth stability. Variations have been due largely to fluctuations in gold manufacturing and gold-rush boom-cycles that happened after the Civil struggle.

Tether – Stablecoin Backed by Fiat

  1. a) {that a} stablecoin was now outlined when it comes to a given amount of fiat
  2. b) redeemability: that Tether Inc would stand by prepared to purchase and promote fiat on the ensuing fastened worth within the phrases of the stablecoin
  3. c) that fiat fashioned a major a part of the circulating medium (and thus implying fastened alternate charges).

It was not a flawless system, in fact, and it didn’t guarantee worth stability. Variations have been due largely to fluctuations in fiat provide as financial provide is managed by the Fed.

Andrew Bryan (aka Stuffed Shirt)

Vigor.ai

After all with any new challenge, the perfect place to begin is studying about what they’re all about. Vigor has not too long ago up to date the homepage at Vigor.ai, and though nonetheless a piece in course of, issues are progressing exponentially.

Whether or not you’re in search of solutions to questions on Vigor DAC construction, Vigor token utility, the advantages of Vigor over related tasks within the house, solutions to FAQ’s, and even on particulars on how you can be a part of and reap the rewards, Vigor.ai simplifies the method of stylish understanding rapidly getting you on top of things.

Vigor is a Digital Foreign money Powered by VIG

Lock EOS within the Vault to Borrow Vigor. Pay your Premiums or obtain your Rewards with VIG.

VIG is the Premium & Reward Token powering the autonomic protocol

  • VIGOR debtors are required to tackle mortgage insurance coverage for which the payment is expressed in VIG tokens
  • VIG within the reserve is accessible to again the protocol in stress losses
  • Customers VIP ranges based mostly on borrower paying VIG or issuer gaining VIG over time

Vigor is a Foreign money, a low volatility crypto foreign money, like digital money working on EOSIO from Block.one.

  • Borrow VIGOR backed by your EOS.
  • Borrow EOS backed by your VIGOR.
  • Be rewarded by stacking your EOS into the insurance coverage pool which backs the ‘loans’
  • Scale back publicity to cost volatility by taking secured VIGOR loans adopted by holding VIGOR

The Performance of What’s to Come

The VIGOR App 100% decentralized peer to look lending brings borrowing and lending crypto to the EOS mainnet.

Whereas ready for the VIGOR App to go stay why not hone your expertise with pretend tokens whereas using the VIGOR paper buying and selling check internet app. All you want is a Jungle Testnet EOS account to get you in your means. Not solely is it a good way to play with what’s quickly to come back to the EOS mainnet, nevertheless it’s additionally a good way for Vigor to gather perception on what has been constructed.

Undecided the place to start? No downside in any respect. Merely try the starter information at https://docs.vigor.ai/docs/usr-get-start.html

Vigor Protocol | Virtual-Strategy Magazine 4

The Vigor challenge is managed by the Vigor DAC, a Decentralized Autonomic Group

The VIGOR Protocol is ruled by a DAC, (Decentralized Autonomous Group) whose objective is to construct and deploy the VIGOR protocol based mostly on the specs of the VIGOR Whitepaper.

At its core the Vigor DAC depends on contributions from custodians, candidates, and neighborhood members. Vigor DAC members work in direction of growth within the areas of governance, improvement, advertising, and neighborhood consciousness contributing the place and what they will.

Members of the DAC are additionally free to vote for his or her selection of the highest 21 custodians. These custodians are elected each day by tally of votes and are chargeable for multisig management of your entire system.

Really feel as if you’ve one thing to contribute? Vigor DAC Membership is Rewarding in a mess of the way. Come assist preserve the Vigor in us all!

Vigor Protocol | Virtual-Strategy Magazine 5

How To Develop into A VIGOR Candidate and Custodian

1.     Go to one of many DAC portals and Log-In together with your EOS Account:

●      Vig.ai

●      dac.vigor.ai

2.     Learn and Signal the Structure.

3.     Join the VIGOR Telegram channel and request a free stake token.

●      A Custodian will create a proposal to situation you a stake token.

●      Observe: 11 out of 21 Custodians should approve the proposal for it to cross.

4.     Fill out your Candidate Profile. It’s instructed you embrace an avatar, description of your background, and what you plan to contribute to VIGOR DAC.

5.     Declare your VIG tokens each day. The extra votes you obtain, the extra VIG you may declare.

Candidate Standing Accredited. Now What?

Familiarizing oneself with no matter one is concerned in isn’t a foul concept, however within the case of Vigor, it’s an absolute necessity. Don’t fear although trigger Vigor has obtained you coated. Welcome to Vigor Learn.

Vigor Be taught permits candidates to log into Vigor Earn with their candidate authorized EOS account, brush up on what Vigor is all about, after which check your data by answering a collection of questions on the associated supplies. Reply eight of eight questions appropriately and be rewarded with 1,000 VIGOR to your new discovered data. Don’t fret must you make a mistake although, as the entire level of that is getting the neighborhood on top of things, so be at liberty to have a number of extra go’s till you will get reply all of the questions for appropriately.

New candidates are additionally inspired to affix a number of of the 4 working teams upon candidate acceptance (governance, improvement, advertising, neighborhood) and start contributing in coordination with others within the group and the lively working group chief. There are many issues nonetheless to be completed and actually nice groups engaged on as many features as can push the challenge ahead. General the Vigor DAC neighborhood is a superb place to be with a range that must be completed amongst a devoted and clever neighborhood working in direction of really making Vigor the perfect it may be!





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