The Token Underground 0x1: BZRX token — a smart move or a pre-programmed fail?
The Token Underground 0x1: BZRX token — a smart move or a pre-programmed fail?We are back with the next installment of the Token Underground. Bringing to the spotlight today a token model of BZRX token recently introduced by the bZx Team. This one grabbed our attention due to a number of reasons. First, it’s relatively fresh, and has some novel ideas, and — perhaps more surprisingly — was developed to integrate a token into some of a lending protocol business, while more bespoke decentralized lending projects like Dharma operate without any token whatsoever.In our pilot issue Token Underground 0x0 we outlined our approach to analyzing token design. It is based on stripping down the ecosystem to a set of elementary economic interactions. We strongly feel that a decentralized framework needs a (...)