0vix Crypto Platform

0vix is an open-source decentralized finance protocol built on the Polygon blockchain network. Users can lend, borrow and earn interest with their cryptocurrencies. The 0vix protocol is a relatively new money market protocol that Garry Krugljakow founded in 2022 in Berlin. 0vix protocol doesn't have a long history in the market, and there hasn't been any hack or exploit in the protocol so far.

The biggest advantage of the 0vix protocol is the network it is built on. Small investors are able to use the protocol thanks to the Polygon network, allowing faster and cheaper transactions. Most DeFi projects are built on the Ethereum Network. It creates congestion on the network and causes delays in transactions and costs to be too high. Polygon Network overcomes such problems and hasn't shown any shortage or shutdown with its system.

Deposits and withdrawals are instant on the 0xiv protocol. You can always supply and withdraw assets from a liquidity pool, and you don't need to wait for approval except for the network confirmations. Liquidity pools are secured with smart contracts. You can also instantly borrow from the liquidity pools by using supplied assets as collateral. Users can still earn interest from their collateralized assets in the liquidity pool.

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Pros

Built on Polygon Network

Faster and Cheaper transactions

$1,403,119 USD currently invested (TVL)

Cons

The Protocol was founded in 2022 and has a short history.

Limited number of supplied cryptocurrencies

0vix Staking Yields

0vix Reviews

0vix Supported Currencies

0vix supports over 6 currencies including Tether USDt, Polygon and Wrapped Bitcoin.

0vix Key Data

Company

Automatic market maker	Yes
Legal name	0vix Protocol
Year founded	2022
Decentralised	Yes
Open source	Yes

Products

Savings accounts	Yes
Loans	Yes
Crypto to crypto exchange	Yes
Fiat to crypto exchange	No
Pro exchange marketplace	No
Peer to peer exchange	No
Margin trading	No
Instantly buy crypto with fiat	No
Crypto withdrawals to private wallet	Yes
Fast account verification	No
Futures exchange	No

Security

Know your customer	No
Credit check	No

Investment Strategy

Liquidity pools

Yes

Key People

GARRY KRUGLJAKOW

Growth

HOSSAM SARAYA

CTO

Useful Links

0vix Contact Details