BZRX is a decentralized protocol for margin trading, borrowing, lending, and staking across multiple blockchains, governed by its community through the BZRX token More
| Fully Diluted Valuation | $2.96M |
|---|---|
| 24H Trading Volume | $5 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 980.78 M |
| Total Supply | 1.03 B |
| Max Supply | 1.03 B |
| Categories | Decentralized Exchange (DEX) 5 more |
|---|---|
| Founder | Kyle Kistner |
| Website | bzx.network |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Ethplorer 3 more |
| Contracts |
0x56d....8f4b3
1 more
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| Name | Pair | OG Score |
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In the ever-evolving landscape of decentralized finance (DeFi), bZx Protocol emerges as a trailblazer, offering a comprehensive suite of services that empower users to engage in margin trading, borrowing, lending, and staking. Built as a fully decentralized and community-driven project, bZx Protocol operates across multiple blockchains, including Ethereum, Polygon, and Binance Smart Chain, providing users with unparalleled flexibility and control.
Services Offered by bZx Protocol:
bZx Protocol distinguishes itself by providing four key services to its users:
Leveraged Margin Trading: At the core of bZx Protocol is the ability for users to engage in leveraged margin trading, allowing them to open both long and short positions with fixed interest borrowing rates. This feature empowers traders to navigate the market with confidence, irrespective of market trends.
Borrowing/Lending: Users can seamlessly borrow funds with collateral or lend out their assets to earn interest. Notably, bZx Protocol introduces the unique feature of fixed interest rates on borrowed funds, providing users with transparency and confidence in their cost of borrowing.
Staking: The governance token of bZx, BZRX, plays a crucial role in community involvement. Token holders can stake BZRX to participate in the governance of the protocol through the bZx DAO (Decentralized Autonomous Organization). Stakers receive a portion of the protocol's revenue, with 50% of fees generated distributed to BZRX stakers.
Multi-Chain Support: With compatibility across Ethereum, Polygon, and Binance Smart Chain, bZx Protocol embraces a multi-chain approach. The community-driven nature of the protocol ensures that new blockchains can be seamlessly integrated, expanding the protocol's reach based on consensus.
Governance and Community Involvement:
BZRX token holders actively participate in the governance of bZx Protocol, allowing them to have a say in major decisions through voting in the bZx DAO. The DAO treasury, one of the largest in the DeFi crypto ecosystem, exceeds $170 million in assets. This substantial treasury empowers the community to fund critical developments, reward contributors, and express shared values, ensuring the longevity and growth of the protocol.
Risk Mitigation and Innovation:
To safeguard users against unexpected losses caused by hacks, bZx maintains an insurance fund. Furthermore, the protocol boasts over $1 million in coverage through Tidal Insurance, enhancing the security and reliability of the platform.
Conclusion:
bZx Protocol stands as a beacon of innovation in the decentralized finance space, providing a holistic ecosystem for traders, lenders, and borrowers. With a focus on community-driven governance, transparent fee-sharing mechanisms, and a commitment to innovation, bZx Protocol paves the way for a decentralized financial future, offering users unparalleled control over their financial activities on multiple blockchains.
bZx Protocol stands out with its decentralized approach, offering leveraged margin trading, borrowing/lending with fixed interest rates, and staking across multiple blockchains. Its community-driven governance and innovative features make it a flexible and transparent decentralized finance solution.
Kyle Kistner
