Vox Finance Development Update
Dear Vox Finance community!
Next Platform Steps // September 2021
We’re very happy to share a new development update with you in order to bring more transparency about the platform and what we are working on right now.
We have been quietly developing and preparing very exciting new products for you. Amongst them is our expansion to Polygon, our NFT announcement and even more. Read on below to learn what’s coming and how we believe it will make the community stronger as we chase bigger goals!
#1 Changes to the existing platform
In order to clean-up the offers we have on our platform now, we have decided to make the following changes:
- The “Swap” platform on Ethereum will be closed. It has been an interesting experiment with our own stablecoin but due to regulatory concerns and uncertainty, we have decided to remove this feature.
- The VOX/USDv, veursCRV and vtbtcCRV pools will be stopped (their reward pool distribution will be set to zero) and we suggest all users to remove their liquidity from these pools.
- Most importantly; the VOX/ETH liquidity staking pool will have it’s reward distribution percentage increased from 65,0 % to 75,0 %!
These are the changes which will be carried out on Sunday, 12th September 2021 at approximately 20:00 UTC.
#2 Ethereum — Binance Smart Chain bridge
We have heard your concerns and feedback regarding the bridge which has been provided to us by JustLiquidity. Unfortunately the bridge has been unresponsive for approximately a week now with no resolution in sight.
We have been in touch with their team and have come to the conclusion that the best solution is to move ownership and control of the bridge from their hands into our own.
This is currently in execution and we will update the community with more news once any development happens.
We expect the bridge to start working again in approximately one week. However, there is no guaranteed timeline and we will keep trying our best to get it back online as soon as possible. Thank you for your understanding.
#3 Polygon expansion and NFTs
As was already teased in the banner of this post, we are working on publishing our first NFT collection pack on Polygon!
Users will be able to stake their VOX tokens in order to earn unique NFTs which once collected will be able to be activated in order to include them in your own personal albums or freely traded on an NFT marketplace!
Users which will collect all the cards in the collection first will receive lucrative prizes!
The exact details and plan with this launch are still being discussed but we will be sure to share more very soon as we prepare to launch the NFT pools!
#4 Further development and next steps
You might be asking what is the vision for the future of the Vox Finance ecosystem?
We are currently looking into expanding on Fantom blockchain as well and providing services such as an NFT marketplace, a possible DEX platform which could provide cross-chain liquidity and more.
We have already requested a bridge from AnySwap to Fantom Opera and we will start working on that first which should be available in the next two weeks or so.
As usual, we will start with a liquidity pool and staking pool for our dear users. We hope that the expansion to Fantom can bring in some new members and help us build the path forward.
Furthermore, the Vox Finance project will soon be one year old! We are planning to run several events for our first anniversary including meme competitions, a bounty contest and more where we will reward our supporters!
We hope this article can bring you an insight into the development behind the project and we plan to bring these updates to you on a monthly basis in the future.
Let us know what you think in our social media channels and communities and we’re really happy to continue building for you!
“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.”
Social channels
Website:
— Ethereum platform: vox.finance
— Binance Smart Chain platform: bsc.vox.finance
— Polygon platform: polygon.vox.finance
Twitter: twitter.com/RealVoxFinance
Telegram:
— Chat group: t.me/VoxFinanceCommunity
— Announcement channel: t.me/VoxFinance
Email: hello@vox.finance
