BZRX and AAVE have similar lending platforms (AAVE copied BZRX lending platform). The only difference is AAVE hasn't implemented tokenomics yet (which they also copied from BZRX). When BZRX platform relaunches they will have the tokenomics implemented and will also have liquidity mining incentives and yield farming. All of the TVL in AAVE will flow into BZRX to earn way more money than they are currently earning on AAVE. This sudden huge drop in TVL on AAVE will make the price dump and could cause AAVE holders to capitulate to avoid liquidations. Meanwhile the price of BZRX will skyrocket as the TVL increases.
This is why AAVE is worried about BZRX
Tyler Davis
Other urls found in this thread:
coingecko.com
bzx.network
twitter.com
Kayden Adams
BZRX has a much smaller mcap and is a better investment for the platforms they offer.
Andrew Jenkins
BZRX is far superior and it's performance will reflect that
Easton Collins
Yep, bZx may just be the best performing coin in August. Got my bags loaded!
Benjamin Smith
got 100 of these badboys today.
Christopher Davis
The Jew fears the bZx farmer
Hunter Robinson
Got my bags loaded
Jeremiah Powell
Suicide stack is 10k
John Flores
Tough shit, I'll make it the Chad way, not the virgin "I have $10k here let me buy crypto" way.
Camden Reyes
Here is proof I made all those threads, and not satsgang as the AAVE team alleges
Joseph Perry
I'm so bullish on this. Fuck it, i might just hold for 2 years through any dips and fucking make it with this coin
Jordan Phillips
he's just a seething faggot because BZX is back to take the throne. they literally switched AAVE's tokenomics so they dont get fucked that hard
Isaac Bailey
Should I get this or PNK?
I have like, $5
Ian Garcia
bullish. buy the dip.
Blake Morris
Get vBZRX, its the "holder's BZRX" at 1/3 the price
Aaron Phillips
Anthony Cook
marc zeller is a salty pussy, whenever a project threatens AAVE's dominance he turns into a crying little babby
Anthony Sanchez
huh
Austin Lewis
he knows bZx will take a big piece of the pie. Accumulate. You have til mid August.
Adam Phillips
This is funky. Should be bought for long term and staking I suppose?
They dont have any upfront value to me
Joshua Martinez
on uniswap or what?
Joseph Edwards
vBZRX converts into BZRX over time, pic related. vBZRX can be staked, but the rewards cannot be withdrawn until the token vests. It has 50% voting rights compared to BZRX. Basically, if you want to invest in the bZx protocol LONG term and you have more patience than cash, this is the way to accumulate.
Dominic Garcia
Yeah you just won't make it Tbh virgin
Jose Martin
>no u
Nathaniel Nguyen
So 1 vBZRX will be 1 BZRX + fees sometime in the future?
Kayden Roberts
you are right, this is for people who are certain they will stake for the long haul (4 years to get 100% vested). But also the tokens will go up in price as they partially vest and accrue staking rewards, so you could reverse course and realize capital gains instead after a year or two.
Carter Lewis
Thanks friend, will do my research.
How do you stake it, anyway?
Dylan Smith
yes
Nathaniel Powell
staking.bzx.network, exact same way as BZRX. If you have vBZRX in your metamask it the site will show the balance
Juan Young
Is there any risk / work associated with staking?
Jordan Reed
you wont be able to stake as much with the vbzrx but the details are not yet revealed
4 years is an eternity in crypto this thing can so easily get hacked or illegalized or replaced
Camden Thompson
In this blog post:
the team says,
'We proposed the bZxDAO, a trias politicas model for governance, with participation incentivized through staking rewards. Under this model, active participation is rewarded with an ever increasing share of protocol ownership. Conversely, token holders not participating in protocol governance slowly bleed ownership of the protocol. Changes have been made to this model, like the removal of inflation rewards."
Which isn't totally clear, so we'll see what "active participation" means soon I hope
Jackson Butler
true, quite a long time, not the best option for everyone