Vigoss Protocol

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Inspiration

The spot market on the digital currency chain is booming. But the futures market lacked ecological applications, so we decided to provide an easy-to-use on-chain futures protocol for the on-chain. AMM

What it does

Vigoss uses the latest Virtual Automated Market Maker (vAMM) architecture to provide users with more than 10x leverage. Unlike on centralized exchanges, users who provide liquidity can split fees, fund payments, and receive VGS tokens as incentives. In addition, Vigoss is ideal for low-cap assets in order to diversify the derivative asset portfolio.

How we built it

we use perfect vamm structure:

virtual Automatic Market Making: The relationship between the trading pair and the asset is stripped, so that users can use lower slippage during the trading process.
Offering 15x leverage, the leverage level is steadily increased according to monthly assessments, eventually reaching 50x.
Risk control mechanism: vAMM mechanism to lower the risk of asset manipulation and significantly increasing the cost for malicious attacks, such as flash-loan attacks.

Challenges we ran into

Safest and most transparent decentralized perpetual protocol with centralized trading experience
Any assets can be implemented for truly decentralized and diverse portfolio
Innovative vAMM architecture, where LPs only need to provide a single assets to participate and get rewarded
Usage of the self-developed Hot-Pot Cross-Chain Protocol for the smoothest cross-chain experience

Accomplishments that we're proud of

Automated Market Maker (AMM) stripped the relationship between trading pairs and assets, hence users can use lower slippage to trade during the transaction.
Offering 15x leverage, the leverage level is steadily increased according to monthly assessments, eventually reaching 50x.
Risk control mechanism: vAMM mechanism to lower the risk of asset manipulation and significantly increase the cost for malicious attacks, such as flash-loan attacks.