BNB
by BSCN
March 11, 2023
Let's look at the upside potential of a DeFi battle for liquidity on BNB Chain that has been designed to follow the model established by “Curve Wars” on Ethereum – complete with stableswaps, pools, boosts and bribes.
A prevailing criticism of BNB Chain by “in it for the tech” types is that it’s full of copycats, forks and thinly disguised clones of protocols on other chains, particularly in the Decentralized Finance space.
On the flip side, the savvier investor can argue that previous successes from projects and trends in other spaces bodes well for their (or their imitators’) success on new chains.
(Never confuse anything in this newsletter as constituting financial advice.)
This week, we’ll look at the upside potential of a DeFi battle for liquidity on BNB Chain that has been designed to follow the model established by “Curve Wars” on Ethereum – complete with stableswaps, pools, boosts and bribes.
Spoiler Alert: While some protocols have established early advantages in this DeFi War, others have already distinguished themselves with their own wrinkles and plans. We don’t see a clear winner yet, so as of right now this should be considered a possible “ecosystem play.”
Read on to find out more!
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