Vigor Jungle Testnet Tutorial

With the VIGOR platform nearing it’s official launch within the month now is the perfect time to get a general idea about not only what it has to offer, but also how to go about using it via the VIGOR Demo on the EOS Jungle Testnet. In this tutorial then we will guide you through a few things that will come in handy to get you on your way to honing your skills prior to the official launch.

WHAT YOU NEED FOR THE TEST
An account on Jungle Testnet to login into the demo interface or contract on bloks.io
A few Jungle EOS
(optional) you can setup Scatter for a faster and easier login
HOW TO CREATE AN ACCOUNT ON TESTNET
Go to http://monitor.jungletestnet.io

Click on Create Key
copy/save you pair
Click on Create Account
Choose an Account name with 12 characters (a-z,1-5)
Paste your keys
Verify reCaptcha
Create

HOW TO GET JUNGLE EOS
Go to http://monitor.jungletestnet.io
Click on Faucet
Write your Account name
Verify reCaptcha
Click Send Coins (100 EOS will be credited to your account)
(don’t be scared by the red text. Everything is OK.)
Come back after 6 hours to claim more free Jungle EOS
You will also find another Faucet button when you will log into the demo interface.

HOW TO SET UP SCATTER (optional)
(Scatter v.11.x)

Download Scatter from https://get-scatter.com/download
Open Scatter
Go to Administrative > Networks > Add custom network
Find Network Api list : http://monitor.jungletestnet.io/#apiendpoints
In Network tab >
Name: put a name of your choice, like “Jungle2 Testnet”
Host: jungle2.cryptolions.io
Protocol: https
Port: 443
Chain ID: e70aaab8997e1dfce58fbfac80cbbb8fecec7b99cf982a9444273cbc64c41473

System Token tab >
Switch ON the button
Contract: eosio.token
Symbol: EOS
Decimals: 4

Save new network
Go to Wallet > Import Key
Select Text and paste your private key
Back to Wallet
Find your new network name and click on the drop-down menu near the key icon.
While the drop-down menu is open, press CTRL to reveal the hidden function.
Select Link Account
Type your account name and check that Jungle Testnet is correctly selected
Press Link Account
Scatter configuration is done.

HOW TO INTERACT WITH THE CONTRACT
There are two ways to interact with the contract:
through the Vigor Demo Interface (the easiest way)
through bloks.io
INTERACT USING VIGOR DEMO INTERFACE
To interact with the contract through the demo interface go to: https://app.vigor.ai/
Click on Login
Login with Scatter paying attention to select your Jungle Testnet Account
If this is your first interaction with the contract, first register your account
Click on Open Account
Confirm Scatter pop-up

HOW TO ADD COLLATERAL VIA VIGOR DEMO INTERFACE
Login to the Vigor App at https://app.vigor.ai/
If you have not opened an account yet, follow the instructions at https://docs.vigor.ai/docs/usr-overview before continuing to the steps below.
Find the Collateral box
The box shows the amount of collateral tokens already present (if any) and their value
Select the token from drop down menu
Fill the field with the desired amount
Click on DEPOSIT
Confirm Scatter pop-up

HOW TO ADD VIGOR STABLECOIN AS COLLATERAL VIA VIGOR DEMO INTERFACE
Login to the Vigor App at https://app.vigor.ai/
If you have not opened an acount yet, follow the instructions at Interact with the contract page before continuing to the steps below.
Find the Collateral box
The box shows the amount of collateral tokens already present (if any) and their value
Select the VIGOR token from drop down menu
Fill the field with the desired amount
Click on DEPOSIT
Confirm Scatter pop-up

HOW TO BORROW EOS VIA VIGOR DEMO INTERFACE
Login to the Vigor App at https://app.vigor.ai/
Accounts must have collateral deposited (https://docs.vigor.ai/docs/usr-dep-stable) before borrowing EOS or other tokens.
Find the Debt box
The box shows the amount of EOS tokens already borrowed (if any)
Fill the field with the desired amount
Click on BORROW
Confirm Scatter pop-up

HOW TO BORROW VIGOR STABLECOIN VIA VIGOR DEMO INTERFACE
Login to the Vigor App at https://app.vigor.ai/ *Accounts must have collateral deposited (https://docs.vigor.ai/docs/usr-dep-coll) before borrowing VIGOR stablecoin
Find the Debt box
The box shows the amount of VIGOR tokens already borrowed (if any)
Fill the field with the desired amount
Click on BORROW
Confirm Scatter pop-up

HOW TO ADD INSURANCE VIA VIGOR DEMO INTERFACE
Cryptos and VIGOR stablecoin are deposited into the insurance pool to earn VIG and to insure the system against both upside and downside market stress events. Insurers agree to accept their share of bailouts (automatically get assigned ownership of failed collateral and associated debt) according to their contribution to solvency (PCTS).

Login to the Vigor App at https://app.vigor.ai/
If you have not opened an acount yet, follow the instructions at https://docs.vigor.ai/docs/usr-overview before continuing to the steps below.
Find the Insurance box
The box shows the amount of insurance tokens already present (if any) and their value
Select the token from drop down menu
Fill the field with the desired amount
Click on DEPOSIT
Confirm Scatter pop-up

HOW TO WITHDRAW INSURANCE VIA VIGOR DEMO INTERFACE
Before make a withdrawal, please ensure you have paid past due amount by sending VIG into collateral.

Login to the Vigor App at https://app.vigor.ai/
You must have insurance deposited (https://docs.vigor.ai/docs/usr-insur) in order to withdraw from insurance.
Find the Insurance box
The box shows the amount of insurance tokens already present (if any) and their value
Select the token from drop down menu
Fill the field with the desired amount
Click on WITHDRAW
Confirm Scatter pop-up

INTERACT USING VIGOR CONTRACT ON BLOKS.IO
To interact with the contract go to https://jungle.bloks.io/
Login with Scatter paying attention to select Jungle Testnet
Head to your wallet at: https://jungle.bloks.io/wallet/transfer
The Transfer Token tab is what you will need
In another tab open the contract page: https://jungle.bloks.io/account/vigordemo124
If this is your first interaction with the contract, first register your account
Click on </> Contract tab
In the Actions tab select openaccount
In Owner type your account name
Click Submit transaction
Your account has been created on the new contract
Please Note: Most interactions on Bloks.io will take place through the Actions tab

Use the Tables tab to explore general contract statistics
Tables > user contains a list of all users with their stats, including you
This is all you need to interact with the contract using Bloks.io

HOW TO ADD COLLATERAL VIA BLOKS.IO
Go to: bloks.io > wallet > Transfer token
Send To: vigordemo123
Amount: CHOOSE YOUR AMOUNT OF EOS, IQ, BOID OR VIGOR
Memo: collateral

Please note: You can only deposit accepted collateral tokens which for now are: EOS, IQ, BOID and VIGOR.

If you deposit EOS, IQ or BOID, they will appear in the collateral column of the contract.
If you deposit VIGOR, they will appear in the l_debt column of the contract.
The columns representing the variables in the contract table can be found here:

bloks.io > vigordemo123 > Contract > Tables > User

HOW TO ADD VIGOR STABLECOIN AS COLLATERAL VIA BLOKS.IO
Go to: bloks.io > wallet > Transfer token
Send To: vigordemo123
Amount: CHOOSE YOUR AMOUNT OF VIGOR
Memo: collateral
HOW TO BORROW EOS VIA BLOKS.IO
Go to: bloks.io > vigordemo123 > Contract > Actions > assetout
usern: YOURUSERNAME
assetout: THE AMOUNT OF EOS YOU WANT TO BORROW
Memo: borrow
Click on Submit Transaction
Confirm Scatter pop-up
Please note: Collateral must always exceed your total borrowings by 1.11. Learn more about borrowing and lending EOS on Vigor at https://vigor.ai/

HOW TO BORROW VIGOR STABLECOIN VIA BLOKS.IO
Go to: bloks.io > vigordemo123 > Contract > Actions > assetout
usern: YOURUSERNAME
assetout: THE AMOUNT OF VIGOR YOU WANT TO BORROW
Memo: borrow
Click on Submit Transaction
Confirm Scatter pop-up
HOW TO ADD INSURANCE VIA BLOKS.IO
Cryptos and VIGOR stablecoin are deposited into the insurance pool to earn VIG and to insure the system against both upside and downside market stress events. Insurers agree to accept their share of bailouts (automatically get assigned ownership of failed collateral and associated debt) according to their contribution to solvency (PCTS).

Go to: bloks.io > wallet > Transfer token
Send To: vigordemo123
Amount: CHOOSE YOUR AMOUNT OF EOS, IQ, BOID OR VIGOR
Memo: insurance
HOW TO WITHDRAW INSURANCE VIA BLOKS.IO
Before make a withdrawal, please ensure you have paid past due amount by sending VIG into collateral.

Go to: bloks.io > vigordemo123 > Contract > Actions > assetout
usern: YOURUSERNAME
assetout: THE AMOUNT OF TOKEN YOU WANT TO WITHDRAW
Memo: insurance
Click on Submit Transaction
Confirm Scatter pop-up
Please note:

Your insurance assets are shown in the “Insurance” column of the contract
After deposit you will start earning some VIGs over time. They will appear in the same “Insurance” column of the contract
The columns representing the variables in the contract table can be found here:

bloks.io > vigordemo123 > Contract > Tables > User

Learn more about Vigor DeFi on EOS

User Table
Loans Taken Out Debt = Amount of Vigor loaned out to user
Deposited Collateral Collateral = Amount of collateral user has posted for loans (Amount of each token shown)
Insurance Earnings (APR) earnrate = 0.0; // annualized rate of return on user portfolio of insurance crypto assets, insuring for downside price jumps
Insurance = Amount of insurance user has posted (Amount of each token shown)
Deposited Collateral Value (USD) valueofcol = dollar value of user portfolio of collateral crypto assets
Deposited Insurance Value (USD) valueofins = dollar value of user portfolio of insurance crypto assets
Loan Interest Rate (APR) tesprice = annualized rate borrowers pay in periodic premiums to insure their collateral (Max 0.25, min 0.005 – This needs to be turned into a percentage x100)
pcts = percent contribution to solvency (weighted marginal contribution to risk (solvency) rescaled by sum of that
volcol = volatility of the user collateral portfolio
stresscol = model suggested percentage loss that the user collateral portfolio would experience in a stress event.
Istresscol = market determined implied percentage loss that the user collateral portfolio would experience in a stress event.
Svalueofcol = model suggested dollar value of the user collateral portfolio in a stress event.
Svalueofcole = model suggested dollar amount of insufficient collateral of a user loan in a stressed market. Min((1 – svalueofcol ) * valueofcol – debt,0)
Svalueofcoleavg = model suggested dollar amount of insufficient collateral of a user loan on average in down markets, expected loss
premiums = dollar amount of premiums borrowers would pay in one year to insure their collateral
feespaid = a payment of VIG that the borrower pays into the contract for taking out a loan
Borrower Credit Score creditscore = 500; //out of 800
Lastupdate = ? Last block updated??
Num of Late Insurance Payments Latepays = Amount of time loan premiums were paid late.
Global Table
solvency = 1.0; // solvency, represents capital adequacy to back the stablecoin
Total Value of Collateral (USD) valueofcol = 0.0; // dollar value of total portfolio of borrowers crypto collateral assets
Total Value of Insurance (USD) valueofins = 0.0; // dollar value of total portfolio of insurance crypto assets
scale = 1.0; // TES pricing model parameters are scaled to drive risk (solvency) to a target set by custodians.
svalueofcole = 0.0; // model suggested dollar value of the sum of all insufficient collateral in a stressed market SUM_i [ min((1 – svalueofcoli ) * valueofcoli – debti,0) ]
svalueofins = 0.0; // model suggested dollar value of the total insurance asset portfolio in a stress event. [ (1 – stressins ) * INS ]
stressins = 0.0; // model suggested percentage loss that the total insurance asset portfolio would experience in a stress event.
inreserve = whenever VIG is repaid into the system, a portion of this is sent into the reverse. The reserve is there in the event of any blck swans occurring
totaldebt = this is the amount of VIGOR that a user has borrowed. The user will make repayments for this debt using VIG

VIGOR borrow rate %: Annualized rate that VIGOR borrowers pay in periodic premiums to insure their Crypto Collateral against downside market moves, as a percentage of VIGOR Debt. `. Borrow rates are floating and change continuously over time based on system riskiness as measured by Solvency (down markets).

Crypto borrow rate %: Annualized rate that crypto borrowers pay in periodic premiums to insure their Crypto Debt against upside market moves, as a percentage of VIGOR Collateral. The payments are denominated in VIG and deducted automatically throughout the day from the user Crypto Collateral. Borrow rates are floating and change continuously over time based on system riskiness as measured by Solvency (up markets).

Earn Rate: Annualized rate of return earned by insurers for depositing cryptos and/or VIGOR stablecoins into Insurance. Earnings are paid to insurers automatically throughout the day into their Collateral as periodic premiums denominated in VIG. Earn rates are floating and change continuously over time based on system riskiness as measured by Solvency (up markets) and Solvency (down markets).

Savings Rate: Annualized savings rate earned by savers for depositing VIGOR stablecoins into VIGOR Collateral. The earnings are paid to savers automatically throughout the day denominated in VIG into their Crypto Collateral. Savings rates are floating and change continuously over time proportional to borrow rates. Savings rates increase when VIGOR market price drops below $1. Savings rates decrease when VIGOR market price rises above $1. Savings rates decrease as more savers deposit VIGOR into savings.

Credit Score: Credit Score (out of 800). Users that maintain a VIG balance above zero (in Crypto Collateral) at all times during a borrow can earn higher credit scores and get discounted rates. If borrower VIG balance (in Crypto Collateral) drops to zero the user loan will be bailed out automatically by insurers and credit score reset to default.

Solvency (down markets): Represents the level of capital adequacy of the system to back the stablecoin borrows. It is a measure that indicates if capital existing in the system is above or below the capital requirement suggested by stress testing for downside market stress events. Borrow rates increase when solvency is below target. Borrow rates decrease when solvency is above target.

Solvency (up markets): Represents the level of capital adequacy of the system to back the crypto borrows. It is a measure that indicates if capital existing in the system is above or below the capital requirement suggested by stress testing for upside market stress events. Borrow rates increase when solvency is below target. Borrow rates decrease when solvency is above target.

Collateral: Depositing cryptos as collateral allows for borrowing VIGOR stablecoin. Depositing VIGOR stablecoin allows for borrowing cryptos. Depositing VIGOR stablecoin will earn the savings rate. During any borrow, the user collateral is at risk of bailout if the feed value of the collateral drops below the value of debt. Users must maintain a VIG balance above zero in Collateral because VIG fees are automatically deducted on a continuous basis, otherwise the user suffers immediate bailout. A bailout is an event where user retains excess collateral but the debt and matching amount of collateral is deducted from the borrower and taken by the insurers. There is no liquidation fee or additional charges for bailout.

Insurance: Cryptos and VIGOR stablecoin are deposited into the insurance pool to earn VIG and to insure the system against both upside and downside market stress events. Insurers agree to accept their share of bailouts (automatically get assigned ownership of failed collateral and associated debt) according to their contribution to solvency (PCTS).

Debt: Cryptos and VIGOR stablecoin borrowed. Users can borrow up to a maximum 1.1 collateral ratio (value of collateral/value of debt)

PCTS (down markets): Percent contribution to solvency for downside market stress events. It measures the extent to which a given insurer improves the system Solvency (down markets). This determines how much the insurer is compensated relative to other insurers. It also determines the share of bailouts that will be assigned to the insurer during downside market stress events.

PCTS (up markets): Percent contribution to solvency for upside market stress events. It measures the extent to which a given insurer improves the system Solvency (up markets). This determines how much the insurer is compensated relative to other insurers. It also determines the share of bailouts that will be assigned to the insurer during upside market stress events.

Crypto Collateral: Cryptos (not VIGOR) deposited as collateral for borrowing VIGOR stablecoin. Collateral is at risk of bailout if the feed value of the collateral drops below the value of debt, or if user runs out of VIG in their Crypto Collateral and therefore cannot pay the automatically collected VIG fees.

VIGOR Collateral: VIGOR stablecoin deposited to earn the savings rate and to be held as collateral for borrowing cryptos. During a borrow, collateral is at risk of bailout if the feed value of the collateral drops below the value of debt, or if user runs out of VIG in their Crypto Collateral and therefore cannot pay the automatically collected VIG fees.

VIGOR Debt: VIGOR stablecoin borrowed. Users can borrow up to a maximum 1.1 collateral ratio (value of collateral/value of debt)

Crypto Debt: Cryptos borrowed (not VIGOR). Users can borrow up to a maximum 1.1 collateral ratio (value of collateral/value of debt)

VIGOR borrow rate $: Over a one year period, the total dollar amount that VIGOR borrowers could expect to pay in periodic premiums to insure their Crypto Collateral against downside market moves. The payments are denominated in VIG and deducted automatically throughout the day from the user Crypto Collateral. Borrow rates are floating and change continuously over time based on system riskiness as measured by Solvency (down markets).

Crypto borrow rate $: Over a one year period, the total dollar amount that crypto borrowers could expect to pay in periodic premiums to insure their Crypto Debt against upside market moves. The payments are denominated in VIG and deducted automatically throughout the day from the user Crypto Collateral. Borrow rates are floating and change continuously over time based on system riskiness as measured by Solvency (up markets).

Actions
assetouth – When a user executed assetout, the action assetouth is also executed. However this includes a 5 seconds delay to prevent front running (the oracle data is lagged). assetout does a bunch of checks. If these pass, it then executes an asynchronous call to assetouth, the delay is the deferred transaction part
Release Notes
Currently testing:
vigordemo123
Older versions:

vigordemo111
vigor1111114
vigor1111113
vigor1111112
vigor1111111
The information in this tutorial can also be found at on the VIGOR Documentation site at https://docs.vigor.ai/docs/usr-get-start.html

To learn more about VIGOR visit our homepage at https://vigor.ai/, read the VIGOR Stablecoin Summery and VIGOR Whitepaper, or visit the VIGOR Public Telegram channel should you have any questions.

To keep up to date with any updates be sure to follow and subscribe to VIGOR Telegram, Twitter, Reddit, and GitLab social channels.

*Originally posted on Trybe.One at https://trybe.one/vigor-jungle-testnet-tutorial