BGOV Token Economics in bZx Ecosystem
bZx introduced #BGOV, a #BSC specific governance & fee token, whereas #BZRX is the primary token of #bZx network.
The protocol development and direction will continue to be led by the BZRX/Ethereum community.
Role of BZRX:
BZRX is the primary erc-20 compliant Ethereum native token of the bZx ecosystem. BZRX maintains the most prominent role, wields the most voting power, and greatest fee generating weight. BZRX is the only cross-chain asset and the only asset that can be used to farm all the new tokens at extremely high Allocation Point weighting, and the only BZX asset that can be used as collateral on all chains.
BZRX won’t initially have rights to fee rewards or governance on other chains directly. We could consider a 10-25% share of fees from all chains to go to BZRX, and reduced voting power on chains other than Ethereum.
Role of BGOV
BGOV is a new BEP20 asset on Binance Smart Chain. BGOV is a fork of the Sushi token contract, and has an inflationary issuance model. This will make bZx the first lending AMM with Sushi-like token economics. BGOV allows bZx to experiment with interactive multi token models. Additionally, because the BGOV token model is not capped, it gives us more latitude to experiment with liquidity incentives via farming. Furthermore, this allows us to create ongoing liquidity for vBZRX and BZRX, which will in turn drive value to BZRX token holders. All together, this opens the door to experiment with new strategies to increase TVL and drive rates down.
What is bZx ecosystem?
bZx is the most powerful open finance protocol. Build applications that empower lenders, borrowers, and traders with the most flexible decentralized finance protocol on Ethereum.
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