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## 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.

## 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. 

## How is bZx Protocol used?

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

**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.  

## How is bZx Protocol Governed? 

**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. 

bZx ProtocolBZRX

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