Too Long; Didn't Read
We are back with the next installment of the Token Underground. Bringing to the spotlight today a token model of BZRX token recently <a href="https://medium.com/bzxnetwork/governance-is-powerful-capturing-value-with-bzrx-adb35341975c" target="_blank">introduced</a> by the <a href="https://b0x.network/" target="_blank">bZx Team</a>. 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 <a href="https://dharma.io/" target="_blank">Dharma</a> operate without any token whatsoever.<br>In our pilot issue <a href="https://www.technomads.wtf/blog/the-token-underground-0x0-the-great-brain-fog-and-the-fresh-start" target="_blank">Token Underground 0x0</a> we outlined our approach to analyzing token design.<em> It is based on stripping down the ecosystem to a set of elementary economic interactions. </em>We strongly feel that a decentralized framework needs a token to perform one function only — to regulate access to some kind of a limited resource inside that framework. Hence, our blueprint for analysis looks like this: