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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
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...
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...
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/ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬...
20 Aug 2020 4 minute read 16 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...
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...
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...
27 Jul 2020 8 minute read 2 comments MuyAsk
Hey guys :) I’m back with another comprehensive Q&A piece, this time for the innovative decentralized lending, borrowing, and trading protocol – bZx Protocol (BZRX). bZx Protocol is a powerful open finance protocol that empowers lenders, borrowers, a...
13 Jul 2020 1 minute read 0 comments bzxHQ
The new BZRX token will be launched on the Ethereum mainnet Monday, July 13th, 2020. BZRXv1 token holders can easily migrate to the new BZRX token using our Staking Dashboard at https://staking.bzx.network. Token holders will need to migrate in...
2 Jul 2020 1 minute read 0 comments author_nan
The bZx team has unveiled the details on the new economic model of its BZRX governance token, in a blog post published on June 28. Saying that the token had involved from its early vision as both a governance token and medium of exchange to strictl...
25 Jun 2020 3 minute read 0 comments Ashma
In this article we're going to learn about bZx protocol working,and products and how it's different than other DeFi networks such as COMPOUND and MAKERDAO. So let's go !! What Is bZx ? bZx protocol is actually a set of smart contracts which is devel...
