#SUPRA# 📢 vernacular explanation of supra's "AutoFi" is used to improve the current shortcomings 👉🏽 of blockchain in transactions:


📉 Most blockchains today make money in two ways: charging users a fee every time they make a transaction. Plus print more tokens (the value of the tokens decreases over time).

🚨 Unpreventable problem: Some dodgy bots (called MEV bots) preemptively trade and make extra money 🎁 for themselves. That's 🤕 not fair!

💡 Solution: AutoFi is like a smart piggy bank that can save the excess money before the robot takes it away. AutoFi doesn't monetize bots, but shares them with everyone: app dApp builders (so they'll make better tools for you) Security guards (validators) that keep the system running, Community Fund (for growing the entire network)
✨ Why it's cool: No more unexpected fees! 🚫💸 Get more money 🚀 with your favorite crypto app The entire system can evolve 🌱 without printing more currency So, the blockchain doesn't charge you, but makes money on its own – a bit like a magical money machine that gets stronger over time.

This is AutoFi – making cryptocurrencies fairer, smarter, and richer for everyone! 💰✨ P.S. NFA This is just what ChatGPT outputs for the ELI5 summary:
SUPRA0.42%
DAPP33.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)