What does bzrx actually do

Explain to me like I'm 5.

Attached: 1594774121488.png (1000x513, 102.68K)

Other urls found in this thread:

bzx.network/blog/bzrx-token
twitter.com/NSFWRedditVideo

pumping and dumping

Makes you money if you buy in now. Simple enough for you?

COMP and AAVE are decentralised lending

bZx is decentralised margin trading (plus lending)

I know it's doing to be huge because their dapp Fulcrum was already huge with alot of users before the exploit.

Now Fulcrum 2.0 is better AND has transaction mining. People will flock to it to yield mine, like they did with Compound

If theyre so good how come they got hacked and why is their total value locked under 1 million

What is transaction mining?

they paused the protocol after the exploit, hence the lower TVL

compound, synthetix, bancor all got hacked before and lost much, much more money (BNT lost 25000 ETH)

you basically get some vested bzrx after making a transaction.

when you make a transaction you need to pay fees. fees go back to the staking pool and gets paid out to stakers.

now people might want to collect vested bzrx, so they make a lot of transactions. a lot of transactions means a lot of fees. when there are more fees, more people want to stake... driving up demand for the token

Just keep in mind that this will surpass COMP in the coming months. Do want you with this information.

Will 0,7 ETH worth of bzrx be enough to make It?

not sure what your definition of making it is like
but a 10x on your stake is 7 eth
desu isn't much

As a poorfag, I might take it and use the profit to get other coins in the future.
Thanks, fren

good luck. i hope we get our 10x or even more

defi ecosystem, token gets divs and does DAO stuff

Every single defi project has had exploits and then become stronger... even Comp. you probably are new

what's the best thing to do now? should I stake or just hodl?

hodl since staking is live next month

If I throw 5eth at this now, where will I be in a month?

what is current market cap ? looks so much dilution

7 or 8 eth

bzrx was the #1 defi project, and will be again when they relaunch. comp is at 400m marketcap and does lending. bzrx is at 30m amrketcap and does lending AND margin trading. margin trading is even bigger than lending. look at bitmex. multi-billion dollar daily volume. it made arthur a multi-billionaire.

Alright. Put $600 in.

If you can afford it, put in more. You won't regret it.

balancer got hacked too

Link whale here anywhere? Could you pls push Link to 10 so I become a millionaire? thx faggot

what does the token actually do? is it another governance piece of shit?

This is a Copy Pasta

bzx.network/blog/bzrx-token

basically you get a cut of fees generated by the protocol, also voting rights as a governance token

This is a pajeet

You can go to this thread and see the exact same thing

does it make wrong though?

I hold a small stack of 16k BZRX so not really

Just pointing out it was a blatant copy pasta. Even the spelling error of “doing” instead of “going”

At least add some words of your own and mix it up a bit