The Forge NFT Sale is open 

This feels like a gimmick. But there is one point that is interesting...the idea of solving stake centralization by creating a proof of liquidity (POL) blockchain.

I'll all for a solution to stake centralization.

But the mechanism of PoL is not clear.

https://medium.com/berachain-foundation/the-bera-era-has-begun-49a18c6d77c0

They throw in a bunch of technical jargon that not many people will understand, including me.

The way it sounds to me is that you first provide liquidity to a market by staking one of the tokens on the platform. When you stake the token, you earn BGT, which you then delegate to a validator. In turn the validators determine how much BGT gets paid out.

This is where things get convoluted.

From there, users who delegate can get the stablecoin $HONEY. I don't understand what role that has in the whole process.

So what it sounds like is they moved the delegation process down one level and instead of staking the token directly, BGT gets staked with validators.

Sounds overly complex and unnecessary. Plus it's on Cosmos, which isn't a big ecosystem to begin with, so successful projects will have to be extra good.

2 stars for the effort, but I'm steering clear of this one. Show Less

 2

Cyrator is a transparent and reliable review community where anyone can join, contribute and earn.

Cyrator is a transparent and reliable review community where anyone can join, contribute and earn.

Apply
2024 Cyrator - Verified Crypto Reviews

Disclaimer: The content presented on this website, including any analyses, reviews, and ratings, is provided for informational purposes only and should not be considered financial advice. Cyrator does not endorse or recommend any financial transactions or investments based on the information available on this platform. Visitors to this site should perform their own due diligence and consult with a professional financial advisor before making any investment decisions. Cyrator is not liable for any actions taken, financial or otherwise, based on information or links from this website.