Latest Posts with bZx tag

bZx

18 Articles 3 Followers

bZx is a decentralized lending and trading protocol built on Ethereum. Essentially a series of smart contracts, the protocol allows for completely decentralized margin/leverage trading using the protocol’s native assets: iTokens, pTokens, and BZRX tokens. 

 

bZx was founded in August 2017 by Tom Bean and Kyle J Kistner, who respectively serve as the company’s CEO and CVO. The entire team consists of 10 members. Following the release of the whitepaper in February 2018, the development team debuted the smart contracts onto the Ropsten Testnet in April 2018. 

 

2019 saw considerable growth after the team then launched the platform’s first decentralized application (dapp), Fulcrum, in June the same year. October 2019 saw the release of the platform’s second dapp, Torque, which also boosted the total value locked on bZx.

 

As a margin trading platform, bZx limits liquidation penalties to 200% of the gas cost for submitting the transaction. Traders can take a long position by swapping one asset for the other, depending on the profit potential. For example, ETH can be swapped for DAI if it proves prudent. It offers a maximum leverage of 100x. Traders can also earn passive income on held assets. 

 

To facilitate these features, bZx uses 3 tokens: the BZRX governance token, iTokens and pTokens. The first is a governance token that can be used to govern the network and is used by relays to collect trading fees. The latter two are used as economic incentives, with iTokens being interest-accruing tokens and pTokens representing long and short positions. The platform currently supports the following assets: Ethereum (ETH), DAI, USD Coin (USDC), Kyber Network (KNC), Chainlink (LINK), Augur (REP), Wrapped Bitcoin and 0x (ZRX)

 

The two aforementioned products built on bZx, Fulcrum and Torque, are accompanied by many other products that have been integrated into the ecosystem. Fulcrum is the margin trading platform, while Torque offers loans with fixed interest rates for indefinite periods. Products that have been integrated include Eidoo, DeFi Saver, Staked, Dexwallet, DeFi Portfolio and several others.

 

Learn more about bZx here, including news, price predictions, opinions and analyses created by users.

 

Official Site: https://bzx.network/

Twitter Profile: https://twitter.com/bzxhq


Torque Wallet Is Real Life Crypto Magic.

25 Sep 2020 5 minute read 6 comments CivilWar

There's literally a machine out there that can, as far as I'm concerned, make crypto for you out of thin-air. You may or may not have heard about this virtual money machine; it's called Torque Trading Systems. To keep this simple, I will talk about t...

DeFi: Victim of a bZx hack loses 8 million $

17 Sep 2020 1 minute read 2 comments Gamma

DeFi: Victim of a bZx hack loses 8 million $$. 3rd attack for the decentralized loan platform : Due to the hacking of the bZx platform has fallen victim to a duplication of tokens, the protocol insurance fund has temporarily accumulated a debt. The p...

Flawed code put hacker $8M more richer.

15 Sep 2020 1 minute read 0 comments alberdioni8406

It's kinda some bad "karma" about hacking on bZx, with the third attack on the lending protocol making criminals $8M more richer, in February two other attacks also made some of this criminals steal more than $925,000 from bZx smart contracts. The ha...

4 DeFi Sleepers with Plenty of Room to Grow

31 Aug 2020 5 minute read 8 comments CryptoChartWizard91

Every morning over the past few weeks, I have gone straight to CoinMarketCap to see another DeFi token ranked amongst the top 24 hour gainers. DeFi tokens outshining the entire market has been a typical theme, which I am sure most of you have spotted...

Crypto Market Gaining Momentum; $UOS, $ALEPH, $NXM, $UMA, $ENG, $LEND, $RSR, $TRX, $WIN, $JST

31 Aug 2020 1 minute read 0 comments Aware1

I check in on the crypto market and some of the projects I've talked about in the past as well as some coins I don't own but have my eye one. The overall crypto market continues to be driven higher through increased institutional investment and the...

(BZRX) tokenized governance coin for margin trading, borrowing and lending

29 Aug 2020 1 minute read 1 comment Andann427

(BZRX) is the governance token of BZX protocol and Is a decentralized protocol for margin trading, lending and borrowing. Through fulcrum the protocol offers defi lending and trading. Through torque the protocol offers indefinite loans with a fixed i...

bZx – A Powerful Finance Protocol for DeFi DAPPS

24 Aug 2020 1 minute read 0 comments Chesatochi

  Come discover bZx finance protocol where you can learn a variety of powerful DeFi DAPPS. Now take action and come read it on my crypto blog: Article link: https://chesatochi.com/bzx-a-powerful-finance-protocol-for-defi-dapps/ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬...

Staking With BZRX

20 Aug 2020 4 minute read 14 comments bzxHQ

  Staking is an integral part of the governance process of the bZxDAO. Staking can be thought of as very similar to delegating votes. When you stake your tokens, you are staking those tokens to an address and empowering them as a representative. Tho...

5 DeFi Projects That are Yet to Steal the Show

19 Aug 2020 7 minute read 4 comments Li_KungFu

I am sure that you are aware of the DeFi craze that is in FULL MOTION as you read this post. The numbers that DeFi projects have managed to post are genuinely staggering. There is now a total of $6.34 billion that is locked inside DeFi smart contract...

3 DeFi coins can buy at low price , huge potential to growth.

6 Aug 2020 1 minute read 0 comments Kavi

video credit: Lark Davis   This video will tell you about 3 Defi project than can be bought at low price as it has huge potential to growth .  1. Trustswap : It simply empower the owner to deal with buyer or seller without middleman.  2. Swingby: A...