DeFi 2.0 liquidation auction exploited, it’s no surprise.
Over 4 million dollars worth of user collateral lost due to the flawed auction model.
The naive liquidation model to auction bad debt into distressed markets crumbled.
A rapid devaluation of ETH price caused ethereum backed loans to fall into liquidation.
From day 1, Members of the Vigor DAC have built the VIGOR Protocol with the idea that auctioning tokens into distressed crypto markets wouldn’t be ideal.
VIGOR is the first multi-collateral insured token protocol available everywhere, founded on financial engineering principles.
Join Vigor as we reDeFine the future of Decentralized finance.
DeFi 3.0 is here on the Vigor Protocol.
To learn more about the Vigor DAC & Protocol check out our homepage at Vigor.ai
To see our very talented list of DeFi entrepreneurs and/or to add your name and talents to the list, check the Vigor DAC and client site at https://dac.vigor.ai/
To read up on what’s been happening with all the progress we have made in the last year and our stance of what the DeFi revolution should be, check us out on Everipedia at Vigor Protocol & DAC, Trybe.One, EOS Writer, and Twitter or get in touch with the Vigor community on Telegram.
You can also see our official documentation at https://docs.vigor.ai/docs/usr-get-start.html and check out Vigor stats at https://stats.vigor.ai/d/aHTjcofWz/vigor-v1-9-home?orgId=1
And for those of you that are new to Vigor and not quite sure where to begin, here are some links to get you up to speed and upon your way to become vigorously enlightened on the the future of what DeFi could and should be…
And if all that doesn’t have you excited enough, don’t forget, the one year anniversary is just the beginning as before you know it we will be live and the revolution will truly and irreversibly be underway!