VBZRX bZx Vesting Token

The BZRX token is a governance token, first and foremost. Collectively, the token holders have the power to upgrade the protocol as they see fit, only constrained by the checks-and-balances of the bZxDAO. This allows token holders to create incentives to reward participation and drive usage of the protocol. A number of proposals have been made to capture value and drive participation in governance. These include:

• Fee sharing for participation in governance
• Fee mining incentives for protocol users
• Using the floating liquidity from unclaimed fees to liquidity mine BAL rewards
• Asset backing the token with the insurance fund

These proposals will be voted on by the DAO upon relaunch.

The vBZRX token is an ERC20 token, making each token fungible and uniform. The underlying BZRX within the contract can be staked.