Review on BurgerSwap by Pedro O. Alvino M.
Automated market with decentralized governance in the BSC.
BurgerSwap is a decentralized platform that I develop within the framework of the Binance chain, in which it integrates a governance system where the platform development proposals are made through the holding of the BURGER token, in which it will also have several mechanisms High demand DeFi.
The design of the platform is mainly based on the pioneering exchange of Ethereum Uniswap, so that when using the BSC network it is much cheaper than the Ethereum network, where the APRs of the platform have good numbers of annual returns, in addition Unlike other platforms, this one presents a loan system with excellent yields and collateral rates.
In the wake of the decentralized finance craze framed in BSC's network, the demand for BurgerSwap's services is high, so it was one of the first to feature unique designs and governance strategies in the company's automated marketplace network. Binance Smart Chain.
Currently the exchange presents a fast loan attack where around 7.2 million in tokens have been lost on the platform, where it is estimated that the attackers noticed the omission of a crucial line of code from the platform where the transaction could be started. attack. According to the attack, a large part of the community believes that the platform developers have been the actors responsible for the attack, however the current services of the platform have been stopped until further notice.
Pros
- It is based on the Binance Smart Chain network.
- Offers a decentralized loan mechanism based on its token (BURGER).
- It is one of the first automated marketplaces in the BSC network to implement a governance mechanism.
- The liquidity creation service and token exchanges are precisely fast.
- It has a large community on social networks.
Cons
- Very little development in the security issue of the platform, according to the recent attack on the platform.
- There are a large number of automated markets in the BSC network that can generate great competition for the platform.
