BZRX

bZx Protocol price
BZRX

bZx Protocol has migrated to Ooki Protocol. For more details, kindly check the official announcement here.
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For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
Total supply
1.03B BZRX
Max. supply
1.03B BZRX
Self-reported circulating supply
520.08M BZRX
50.49348560582524%
bZx Protocol has migrated to Ooki Protocol. For more details, kindly check the official announcement here.

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About bZx Protocol

What Is BZx Protocol (BZRX)?

bZx is a decentralized protocol for margin trading, borrowing, lending and staking enabling the building of Decentralized Applications for lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on multiple blockchains. bZx is a fully decentralized, community-run project, governed by the community vote for all major changes to the protocol.

How is bZx Protocol used?

bZx protocol provides four primary services to it’s users: Leveraged margin trading, borrowing/lending, and staking.

bZx Token

The BZRX token is a governance token that allows the bZx community to govern the protocol through staking BZRX token and voting in the bZx DAO. The bZx ecosystem is designed to emphasize community control over the protocol through governance, fee sharing, and voting.

Passive income

BZRX token holders receive a portion of protocol revenue. 50% of fees generated by the protocol are distributed to BZRX stakers. The remaining 50% of fees are allocated to the insurance fund and bZx treasury.

Innovation

bZx protocol is a fully decentralized, trustless protocol enabling users to margin trade long or short with leverage, borrow, and lend.

Trading

Trading is at the core of bZx Protocol. Users can easily open long or short leveraged trading positions at fixed interest borrowing rates.

Borrowing/Lending

bZx protocol also allows users to borrow funds with collateral, and also lend out funds and earn interest. A unique feature of bZx protocol is the existence of fixed rates of interest on borrowed funds. Enabling users to remain confident in their cost of borrowing.

Staking

Users can stake BZRX tokens in order to earn a percentage of platform fees.

Multi Chain

bZx protocol currently supports three blockchains: Ethereum, Polygon, and Binance Smart Chain. New blockchains will be added regularly following community consensus.

Insurance Fund

bZx’s insurance fund is used to cover any unexpected losses caused by hacks. Additionally, bZx has over $1m in coverage through Tidal Insurance.

Governance

bZx Protocol is governed by the BZRX token. Holders of the BZRX token may stake their token and participate in voting and governance.

DAO

bZx DAO treasury facilitates the DAOs mission to fund critical development, reward ongoing contributors, grow the protocol, express values, and increase longevity. Proposals submitted to the DAO are first discussed in a forum, and then once community consensus is reached the proposals proceed to Snapshot vote, followed by onchain voting.

bZx DAO controls one of the largest treasuries in the entire DeFI crypto ecosystem with over 170mm in assets, placing it among the top 10 largest DAO treasuries according to open-orgs.info

bZx What’s Next:

bZx Protocol is constantly innovating and developing cutting edge features to its users. The following are a few of the upcoming features available for bZx users:

Permissionless Listings Decentralized Limit Orders B. Protocol leveraged positions.

 
 
 
 
 
 

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