Review on VIG by Pedro O. Alvino M.
Loan service in the EOSIO chain.
A decentralized project implemented in the EOSIO chain, which in terms of scalability and network fee meet the requirements for loan service through token blocking and execution of smart contracts by lenders and borrowers.
Designed as a decentralized governance based on an autonomous community, this will allow both the project and the users to have a better network projection and attract many more entrepreneurs to the VIGOR ecosystem, in which the functions of the platform are completely transparent and safe, which allows a highly trusted loan ecosystem and adds several systems that provide rewards for blocking VIG tokens either when managing a loan or targeting a savings account.
With several projects with the loan service it will be difficult to advance in the crypto market, but given the advantages offered by both its network and the platform, it provides many economic benefits in terms of passive rewards and obtaining capital.
Pros
- Designed as a decentralized protocol with a low volatility payment token and a utility token
- Presents a decentralized system of loans and loans.
- It consists of a governance structured as an autonomous community (DAC)
- Provides rewards blocking tokens as insurance to protect collateral backing loans.
- Allows you to consume collateral tokens and other popular tokens.
Cons
- There are already a variety of projects with this service.
- Very little availability of the tokens in exchanges and the volatility of the tokens is very high.
