Vigor Decentralized Autonomous Community (VDAC)
Vigor is a decentralized autonomous community (DAC) on the EOS blockchain that is run by rules created by its community members through a consensus process and then written into a set of contracts (multisig), voted upon and executed. The Vigor Decentralized Autonomous Community (VDAC) comprises vigor custodians, vigor candidates, and the community members.
Vigor Custodians
Vigor custodians are community members that have the mandate of the community to create and manage the multisig. The Vigor custodians are chosen on a daily basis from members of the community (vigor candidates referred to as standby custodians), that have committed themselves to take part in Vigor Governance.
Vigor Candidates
Vigor candidates are community members that are standby custodians. Based on the value they provide, they get voted in as Vigor Custodians. It’s important that each vigor candidate understand the responsibility of being a custodian, to enable them to function in full capacity if voted in as a custodian of the VDAC. It takes time for a candidate to build trust within the Vigor Decentralized Autonomous Community (VDAC) to receive votes.
Vigor Community
The community comprises custodians, candidates, and community members that simply signed the vigor constitution but don’t wish to be involved in governance.
Vigor Protocol
The vigor protocol is an open-source smart contract that powers the Vigor App, A crypto borrow and lend and save platform run by its users. With the Vigor App, members of the vigor community can borrow, lend, and save.
The vigor protocol is a two-token system.
Vigor Protocol = VIG + VIGOR Token.
VIG Token
The VIG token is the fee-utility token. In the Vigor Decentralized Autonomous Community (VDAC), members of the community stake the VIG token to become candidates. Within the Vigor App, the VIG token is used for features access such as fees and rewards. The VIG token is used to pay fees, can be used as collateral for a VIGOR loan, or added to a lending pool for VIGOR rewards.
VIGOR Token
The VIGOR token is the low volatility token that’s minted on the Vigor Protocol. As a low volatility token, it is designed to provide stability for a range of use cases, from value preservation to market hedging. Within the Vigor App, the VIGOR token can be added to a saving pool for rewards.
Vigor Decentralized Autonomous Community (VDAC) Mission Statement
Always remain a DAC (decentralized autonomous community), run by its community members (not influenced by whales or any central authority), focused on governing the Vigor Protocol, the smart contract that powers Vigor. The VDAC will continually review its operations to uphold its mission.
Vigor Decentralized Autonomous Community (VDAC) Vision Statement
Be the gold standard for decentralization and on-chain governance.
Website: https://vigor.ai/
Twitter: https://twitter.com/vigorprotocol
Telegram: https://t.me/vigorprotocol
