EXPLORING THE 0VIX PROTOCOL PLATFORM — DeFi-Lending 2.0

DeFi today, is one of the fastest growing sectors in the blockchain industry, the ecosystem has seen remarkable growth since its inception and has provided highly rewarding services to numerous users.

DeFi is basically a decentralized financial technology, open and globally accessible by a wide range of internet users. One of the intriguing features about decentralized finance is its widespread adoption which has woven round the globe and has maintained a good pace, this could be as a result of the variety of services provided via decentralized applications (dApps).

Decentralized Financial Services :

• Lending : This involves lending out crypto assets and earning rewards proportional to time.
• Borrowing : A loan can be easily obtained with little or no interest rate provided a collateral is present.
• Trading : Exchange of assets can be seamlessly done without a middle-man or third party.

These are some of the numerous services accessible on any decentralized application via different chains, including Ethereum, Polygon, Solana, Cosmos among many others.

Let’s discuss the core money market protocol on Polygon Network — 0VIX

0VIX is a secure DeFi lending platform with an inventive technology and attractive user interface. It is referred to as the core Polygon Money market protocol. 0VIX is designing a decentralized application that enables users to lend, borrow and earn profits with their digital assets.

How to leverage the 0VIX PROTOCOL Platform

• Supply assets : 0VIX provides a supply market for users to supply their assets and earn yields at good APY. Assets which can be supplied on the platform include: USDC, MATIC, DAI, WETH and WBTC (wrapped to the Polygon network).
• Borrow assets : on 0VIX protocol, users can borrow from a wide range of available assets, provided the supplied assets are collateralized.

The above explained lending and borrowing services on 0VIX platform grant users the eligibility to claim 0VIX tokens which can equally be locked over a period of time, ve0VIX tokens will be given in return for the locked tokens.

As a new technology looking to solve all the dilemmas of precedent platforms, 0VIX has a strong mechanism of securing the assets of users against all forms of risks and catastrophe.

Conclusion :

DeFi will be around for a very long time and will remain one the safest ways to earn in the cryptocurrency space, 0VIX on the other hand prioritizes the needs of users and is building a lasting technology to correct all the faults in the DeFi ecosystem.

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