By now you may be aware of the bubble around DEFI projects since Uniswap started getting more and more attention in Ethereum Blockchain. Just a few days ago WHive (Wrapped Hive) token was created as a way to enter the DEFI Ethereum ecosystem by those having Hive. You can read about it in this post from @fbslo
One of the problems with Ethereum is its transaction fee costs as well as its congestion due to low scalability. That's why Vigor may open the door to a whole new world of DEFI dApps once they launch their service in EOS.
Vigor project started over a year ago when they created a DAC to develop the project as a community using EOS DAC framework. It is a Decentralized finance project created by a decentralized autonomous community.
VIGOR protocol, on top of requesting collateral to cover loans, introduces the insurer figure, which is a fund created to cover those loans suffering a bailout in case of price volatility.
A few months ago they released their demo tool in EOS jungle testnet where you can paper trade right now to get a feeling of the final product they will be releasing. All you need to do is get a free EOS Jungle Testnet account, fund it with free tokens from one of the faucets, add your account to Scatter or Anchor, and login into the test dApp in this link to try it out.
Here's a tutorial on how to do all that if you want to play around with it.
One of the nicest things about the project is the amount of information provided to the users through their stats module , right now pointing towards the jungle demo tool.
The service will launch VIGOR token which will be a USD pegged EOS token together with their existing VIG token, used to charge those taking VIGOR or EOS loans.
One of the consequences of the launching date proximity is the nice bull run VIG tokens are experiencing lately. VIG tokens are being earned by the DAC and launching members only at present time.
It seems as the project will be launching right at the best moment with the whole crypto market starting a bull run and the DEFI market growing quite strongly if the price keeps this uptrend pattern it could be the next Crypto DEFI star.