Vigor

VIGOR stablecoin is a token on EOS that is stable to the US dollar. The VIGOR stablecoin is a financial engineering innovation with regards to a decentralized stable unit of account. This project creates a crypto-backed stablecoin without a central counterparty by enabling participants to separate and transfer both volatility risk and price event risk through open source escrow smart contracts. Stablecoins are created and loaned out when EOS native crypto tokens are put into escrow as collateral and backed by insurers. This project introduces a decentralized system of borrowing & insuring; a crypto credit facility with only two distinct independent participants: Borrowers and Insurers.