Dear community members,
Here’s a look at the progress we’ve made in the last week, which now marks our third weekly recap. We’ve had some interesting things happen, which we’ll outline below. Most notably we’ve added an additional vault strategy, opened a new private pool with $OBR rewards and completed our third emission cut.
The next few days we’ll have even more to share with you as we’ll be able to share the results of our audit for the vault system! Moreover, we’re continuing to work on the stablecoin platform, which will unfortunately need to be delayed for a short period due to security concerns (we want to make sure our contracts are 100 % protected before deploying them). We also have some more marketing and community efforts coming up to see if we can attract new investors into our project.
Fourth vault strategy launch
We’ve launched our fourth vault strategy based on the USDN pool at Curve.fi. This one has proven to be the most popular amidst the stablecoin deposits. We’ll be monitoring the distribution closely and make adjustments when needed.
We’ll be looking into new opportunities for vault strategies after our audit report is received and we can share with the community that we’ve made a truly secure platform.
$OBR Private staking pool
With help from our dear friends at Order of the Black Rose, we’ve made another private pool active on our platform with rewards for the following 14 days! If you’re interested to join, go over to https://vox.finance/pools. How can you join? Simple:
- Buy $VOX on Uniswap (see the link on our website).
- Stake $VOX to receive our governance token $POPULI.
- Stake your $POPULI tokens in the new $OBR private staking pool.
There are no hidden fees, locking periods or withdrawal fees for our users. We hope to see you join as well and possibly receive some NFT rewards from OBR!
Third emission cut
On 01.12.2020 we’ve successfully carried out our third emission rate cut which has lowered the mint rate by 25,0 % to further lower the selling pressure and decrease token inflation. We’ve left the burn rate at 2,0 % which has shown to be the ideal rate for our token economy.
We’ll be closely monitoring the evolution of the token economy and make any additional adjustments on 15.12. to follow our initial projection.
As you can see from our report above, we’re constantly working on bringing improvements to our platform. With the latest emission cut, we’re on our way to creating a low token supply coin with a unique mix of minting and burning.
As mentioned in the introduction of this article, the following days should bring some more exciting users to both our current and future users.
We’d like to thank every single participant, that has been with us for the journey so far and we hope to see you with us even in the future!
Stay safe and have a nice day!
About Vox Finance
“Vox Finance is a decentralized finance (DeFi) project developed by an independent team of developers, seeking to bring an innovative approach to the new emerging market by providing high-quality and profitable services while relying on the voice of the people to bring in community engagement to the underlying protocol.”