BZRX General (Resurrection)

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I hold a stack, but please, OP, zoom out a bit.

.39 was the bottom, it's only gonna bounce and climb from here

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bzrx is making a nice recovery. I'm confident this can at least hit aave's market cap, which would be a 9-10x from here

staking rewards looking fucking dank

i made $30 in a day staking

imagine how much i'll be making when get to a respectable TLV

Please I need this

How much are you staking?

i bought vbzrx during the iETH buyback program which came to about 16c

and i bought 500k

500000×0.16
= 80000

30/80000
= 0.000375

ans×365
= 0.136875

so 13.6% yearly right now at 10m tlv... imagine what it will be at when we're at 100m tlv? 1b tlv?

So you are staking $80k?

More I'm assuming. I'm staking 38k tokens and have only received 2.62 thus far. But I'm pretty happy with that given the immense room to grow

Jesus, I only have like 5k. Guess there's no point in my staking

It's all relative. 5k is not even worth 3 grand at the moment. What matters is APR. As volumes increase the APR is going to get pretty insane, with almost no risk

I hope so. It is one of a handful of legit project in a sea of scams and rugpulls. If devs get their shit together it may become a winner.

Yeah this was one of the most solid projects I found. Disappointing how their launch went and how it coincided with the market crash, hopefully it's smooth sailing from here.

i feel this could be a bull trap brothers

One of the safest bets right now. Could take some time to grow massive but i am sure its not very long until we see ATH unless market goes to absolute shit.

Bought in yesterday

Comfy

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Guys what is the difference in mechanisms behind Vault and Earn functions of bzx?

Vault is from what I understand standard lending where my tokens will be used for liquidity mining and lending to borrowers, but what is earn then?

Why is it that bzrx dipped harder than most?

That's my only fear right now. It's basically a 50/50 with the situations happening in the world.

Honestly it was a clusterfuck that hit them. They postponed their launch due to the gas prices(Didn't want to screw over little people), and then that coincided with the market dumping so a lot of people just got weak hands.

I hold a non-trivial amount of BZRX, let's just say I'm pretty happy with the staking returns so far. I've done ZRX and KNC staking before, and both of them took a very long time to return anything near decent.

Stake gains seem to be rising linearly with TVL. If the TVL grows at the current pace (which is already #21 on defipulse, beating kyber and on par with lightning network - note that defipulse is still reading TVL off the old BZX contracts) - I think big stakers will be pleased.

Given the gas costs I wouldn't recommend anyone with a small stack to stake unless you are patient and are willing to wait a few months for the rewards to accumulate. You can still make decent profit if the token goes 2x/3x from here.

People actually sold at 37 cents yesterday. That was a smashing opportunity, but I didn't have enough capital to buy more

i'm staking 500k vbzrx but i bought them for 16c

bro, I hold a small amount of BZRX, bought at 1.05 (yah i know) I was hyped for the upcoming launch and FOMO, do you really recommend buying more? i have lost loke 70% of my investment so far and I'm kinda worried.

Also can you or other anons help me understanding the bzrx staking?

CZ and Liquidity. BZRX had organic growth, it got listed on binance very quick because CZ knew it was a great project, its an OG in the defi space and is responsible for most of aaves code.
CZ wantes his share he pumped and dumped it, listed it on futures to further manipulate it and now has a heavy bag, enough to float two representatives on the network. Low liquidity meant that it was easy to manipulate and short into the dirt.
I dont blame him nor do I think its a bad thing. Its clear that bzrx is now under the watchful eye of CZ. Itll pump big time as he has bags to unload at the GBR top.

YFV did too, I think defi got hit the hardest in this crash. All these food name coins went straight to 0, the reason YFV and BZRX are still alive is because they're legit.

Almost to top 20 in TVL already!

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if you have more capital then buy a bit more to lower your average buy price. If not, just keep what you have.

It's 58 cents now so your paper loss is much lower than 70%. This is crypto, you saw how fast it went to 1.60 and came back down. I actually think not many coins changed hand between 1.20-1.60, the price only went up because a lot of people refused to sell and liquidity was shit everywhere

Does staking include any risks? E.g. does it get influenced by impermanent loss?

Or is it always better to stake in case that I have some bzrx that I'm not planning on selling?

You're not providing liquidity, you're only staking your BZRX so there's no IL. They've been audited by Certik and Peckshield so pretty fucking safe