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0vix reviews

Founded 2 years ago in 2022.

Use anonymously. No KYC required.

Decentralised exchange.

Open source code can be publicly reviewed.

Reviewed by Yunis
18 October 2022 (Updated 13 April 2024)

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.

Vix tokens are the native token of the protocol. Vix tokens are not officially launched. Using the protocol, users can earn Vix tokens at the launch as an airdrop. Staking Vix tokens gives VeVix governance tokens. VeVix token holders can participate in the decisions for the protocol's future.

Pros

tick Built on Polygon Network
tick Faster and Cheaper transactions
tick $1,403,119 USD currently invested (TVL)

Cons

cross The Protocol was founded in 2022 and has a short history.
cross Limited number of supplied cryptocurrencies

0vix Staking Yields

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0vix Supported Currencies

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

0vix Key Data

Company
Automatic market maker tick Yes
Legal name 0vix Protocol
Year founded 2022
Decentralised tick Yes
Open source tick Yes
Products
Savings accounts tick Yes
Loans tick Yes
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange cross No
Margin trading cross No
Instantly buy crypto with fiat cross No
Crypto withdrawals to private wallet tick Yes
Fast account verification cross No
Futures exchange cross No
Security
Know your customer cross No
Credit check cross No
Investment Strategy
Liquidity pools tick Yes
Key People
GARRY KRUGLJAKOW
Growth
HOSSAM SARAYA
CTO

Useful Links

0vix Contact Details

https://www.0vix.com/

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