Is The New Governance Proposal Pre-Programmed to Fail? A Reply to Tech Nomad Notes

Kyle J Kistner
Mar 11 · 5 min read
  • Slippage will result in lenders failing to reclaim their principal.
  • Unpaid loans are likely to be common.
  • The insurance fund acts as a crutch and will experience significant volatility of its collateralization.
  • Without dividends the tokens cannot be valued using traditional Discounted Cash Flow (DCF) modeling
  • This forces sales of BZRX on the open market.
  • This may cause a redemption death spiral for the token.
Margin Decentralized

bZxNetwork

The first decentralized margin lending and margin trading protocol on the Ethereum blockchain. bZx is an open protocol for developers to build their own dApps.

Kyle J Kistner

Written by

CVO @ bZx. Product, Protocol Design, & Token Economics.

bZxNetwork

The first decentralized margin lending and margin trading protocol on the Ethereum blockchain. bZx is an open protocol for developers to build their own dApps.