The numbers are high for now but when it settle downs with enough volume, BZX will still have better interest rates. If the FUD is all done Biz, here is why BZX will beat Aave.
ETH Lending rate in Aave is 1% and BZX will never go below 2%. Here's why,
Aave's lending interest can only be paid by borrowers. There are no margin traders yet. Margin traders will pay much higher fees than borrowers. So, until Aave V2, BZX will offer the best lending rates and where do you think the whale yield farmers are going to go? BZX. With increasing TVL, Staking fees will also increase and hence more people will buy BZX. It will be a loop and before you know, this will be big. Get in now.
Yes mate. Right now, they are in dutch auction mode. So, the APY will settle down with TVL but imagine 100% higher APY here. Anyone with large funds of ETH/DAI will be in BZX and not Aave.
Grayson Richardson
Yes I'm going to deposit all my funds to a lending app made by idiots who thought instantaneous uniswap price is a good oracle. What could go wrong?
Chase Ramirez
If this had launched 3 weeks ago, instead of coinciding with a general market sell off, it would already be at $2.50. I expect this to be one of the top performing assets during the next month.
Cooper Rogers
Lets not forget that bzrx is the most audited project not only in defi but one of most audited in crypto space. Just go through their twitter and DYOR
Caleb Barnes
>Aave's lending interest can only be paid by borrowers. There are no margin traders yet. Margin traders will pay much higher fees than borrowers. it tells me a lot that apparently you don't even realize dydx exists
Jackson Johnson
Good Eye. The raise of bzrx is obvious, one will know only if they have used the platform. I was in aave as well. This has to moon without a choice
Adam Torres
Yeah. Audited by Certik and Peckshield. So, just GTFO
Ethan Jackson
I do mate. They don't have a coin and no staking and hence, lesser rewards for people to go there. The ones lending and trading will also get vbzrx token as rewards for the first 3 months. So, overall much better value prop.
Jordan Harris
And BZRX has more pairs than dydx has right now despite dydx trading at 40M TVL. So, DYOR. There is a reason why BZX was hyped.
Luis Ortiz
This seems to be accurate.. And yea this going to pump hard... I don't want to lose out on this.... Gonna buy a lot BZx now
Gavin Thompson
>He still doesn't know you can stake and lend your bzrx at the same time
Jonathan Baker
the reason dydx has low tvl is because high gas fees killed on-chain trading. That's why they are launching a zk-rollup based exchange, planned near end of the year. Nobody is going to use bzrx trading, or any fully layer1 order book trading in general.
Grayson Thompson
I am sure this will touch $1.5 in 24 hours! The chart readings are so favourable for $1.5
Jose Watson
Keeping FUDDING yourself mate. BZX has CHI Token integration which means 50% lesser fees than dydx. So, by your logic, all dydx users should be in BZX right now since "Whales care about gas fees" for margin trading.
Tyler Walker
This
Brody Lee
Does dydx have permissionless listing?
Liam Thompson
dydx has its own problems, which prevented it from getting much traction, on phone will give reasons later
Isaiah Reyes
Proof
Tyler Butler
This. Even Aave doesn't have the functionality for people to lend aave. Right now, the lending rate for BZX are 0% but soon even a 1% rate will be better because you are literally earning more money on top of staking.
Noah Stewart
I just replied with proof. You can lend it. Right now, they are finding the equilibrium during the dutch auction phase and hence the lending APR is 0%.
Ayden Edwards
Absolute retard if you think this will not take a massive chunk out of Aave’s TLV. Also the main reason it will pump is because they aren’t printing their token like crazy for degen farmers
Thomas Torres
Extremely bad timing with the launch but atleast it gave everyone with a brain an opportunity to buy cheap. The price does not even matter short term as i am fully staked.
Brandon Barnes
I've done it, it works.
Jayden Richardson
I have also seen that Fulcrum has high rates One question guys: what's your plan when these APY will go down?
Justin Allen
Im a retard and i need some handholding. Can someone explain to me how lending your shit to these platforms (aave/bzrx) is profitable? What is TVL?
Josiah Collins
I have a $100 DIA I'm looking to lend out. What other platforms besides Aave?
Parker Johnson
That's the beauty of the protocol and Kyle's vision. People flock over for the high APY and Fuclrum's borrowing rate goes down for margin trading and settles around the market rate. But even after that, BZX will have better APY than Aave/dydx because fixed interest borrowers care about the APY% but margin trading whales will be okay to pay even higher.
Dominic Baker
Wanna know something else? BZX TVL is already at 20% of dydx TVL despite launching during a market wide sell off. It is going to overtake dydx within the next week?
Joseph Roberts
I'm still holding 50k BZRX and feeling comfortable as fuck
Tbh I don't know how these lending platforms work. I need a good schooling
James Morales
chi token only averages gas costs over long periods, but if gas prices stay consistently high it doesn't help anything. token functions as marketing
damn I'm really going to launch my own project after farming yields drop, even absolute worthless shit like bzrx is getting millions today. Cream just copied compound and they are getting a lot too. No audits can fix retarded devs, and bzrx isn't going to be able to externally audit every little change, and no audit catches everything.
Jose Baker
Uhhhh HOLY SHIT
Aiden Wright
what have the whales to do with BZX user?
Jonathan Roberts
im already wondering that
Evan Rodriguez
DYDX is a dead project, because it uses an order book system.
Order books means low liquidity and massive slippage. bZx uses chad liquidity pools.
I think he is an Aave cocksucker who didn't realize that the actual reason Aave went down is because people are leaving there soon. I spoke to some Aave whales and they are all looking to accumulate bzrx right now since they know why exactly Aave became as big and tells me that BZX has even better value prop to beat Aave soon.
