Vigor is a Crypto Borrow and Earn Community, powered by the EOS Blockchain. The Vigor Stablecoin is Crypto collateral-backed and being built out as a DAC, a Decentralized Autonomous Community.
Meet The Custodians is a series of interviews with prominent Vigor DAC Custodians, aiming to showcase the talent and personalities behind the Vigor project.
We hope you enjoy Episode 2 with Peter Chen.
Peter, can you give us some background on yourself, I’ve heard you have quite an impressive resume…
I am a hybrid influenced by two worlds. I grew up in Taipei, studied elementary school in the mountains, did my middle school in the city center, went to Hawaii for high school, then college in New York City. I was going for hardcore electrical engineering field until I took a fateful turn onto Wall Street. I worked at both buy and sell sides, at the most prestigious institutions.
Until 3 years ago, I came back to China and dived into the startup world. I was the China head of a top silicon valley tech startup which helped me connect into the Chinese scene really fast.
I spent a lot of time in the nature and in the cities. Half my time lived in the states and half in China. Split between technology and finance, corporate and startups. My journey has been exciting so far.
How did you come across crypto and what made you want to work in the industry?
I skipped Ethereum and got into EOS directly. It was the spring of 2018, I saw so many Chinese are excited about EOS and just had to look into it.
I see blockchain as a combination of technology and finance. It has the potential to save humanity from central bankers’ reckless monetary policy, and big corporates’ crushing monopolies.
The concept of running projects decentralized is very attractive to me. I hope to help build a better tomorrow where average people have more voice, and together we can realize the promises of the original internet.
I was presented with an opportunity to build a consulting team from the ground up, where our initial funding and first client were already on standby. I felt it was the right time then and made the decision to go full time into blockchain industry.
How did you find out about the Vigor DAC and what made you decide to run as a candidate?
I heard about VIGOR stablecoin project using financial engineering models to improve stablecoin design, and that they are open to getting help from the community. I am aware of several stablecoin projects and are friendly with a few, but never have I participated in one.
At first, I thought to just help out on whitepaper translation, because it’s relatively easier for me to do, having my background. So my friend Josh Brown who is a custodian helped me with the onboarding process, which I was totally unfamiliar with.
So it really started as me just wanting to help out, and the community helped me get my candidate-ship and now a custodian. Which I have to say VIGOR DAC is pretty cool.
What skills and value do you bring to the DAC?
I have a master’s degree in Financial Engineering, so that definitely helped a lot with understanding the VIGOR project. Having worked on Wall Street also helped. Actually, Andrew and I both worked at Credit Suisse at the same time in the same building on 11 Madison Avenue. That was pretty cool, and I can see where he’s coming from when building out the VIGOR project.
As my role in the VIGOR project, I am doing most of the Chinese translation work here, and we’re trying to provide exposure to VIGOR project from time to time. I plan to crank up the marketing effort when VIGOR is more mature and ready to onboard users. For now, it’s mostly on Chinese translation.
We are very thankful to EOSwriter for doing this custodian interview series, and we will translate and distribute these interviews to the Chinese community.
What’s your favourite part of being a custodian?
This is my first experience being involved in a DAC. Seeing how the DAC is evolving is super cool. Participating in meetings to discuss what should be done and who we should bring in to get the work done. VIGOR is extremely functional. They system eosDAC built and the VIGOR custodians are really passionate and talented.
Being involved and working with the VIGOR community is the most amazing part of my experience here.
You seem to be involved in quite a few projects, including EOSWriter China! What is your main focus at the moment and any secret projects on the horizon you’d like to share with us?
My team and myself are highly involved in the greater EOSIO community and are connected with the broader crypto industry. As a consulting firm, we do receive requests from various players in the industry, including centralized and decentralized exchange, and we also operate EOSwriter China media site.
We are helping a select few projects, where we can add the most value. Right now most of the time is spent on VIGOR and Telos. These are two very solid projects and everyone should check them out.
Where do you hope to see the Vigor project in 5 years time?
What makes VIGOR special is the use of financial modeling. Once VIGOR has proven itself as an advanced stablecoin platform, one area of expansion can be into derivatives offering. Not just plain vanilla products but also structured products. VIGOR can be the crypto of Goldman Sachs sales and trading division, where decisions are run by computer outputs.
Where do you see crypto and specifically EOS 5 years from now?
In 5 years, blockchain technology will be the foundation of global financial system. EOSIO will be able to handle Black Friday and Double 11 sales.
Thank you very much for your time Peter.
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