What is the BZx (BZRX) protocol? bZx is a decentralized protocol for margin trading, lending, borrowing, and staking that enables the creation of decentralized applications for lenders, borrowers, and merchants to interface with the most flexible decentralized finance protocol on multiple blockchains. bZx is a completely decentralized, community-managed project, governed by community vote for all major protocol changes. BZx Token The BZRX token is a governance token that allows the bZx community to govern the protocol by staking the BZRX token and voting in the bZx DAO. The bZx ecosystem is designed to emphasize community control over the protocol through governance, commission sharing, and voting. Passive income BZRX token holders receive a portion of the protocol revenue. 50% of the commissions generated by the protocol are distributed to BZRX participants. The remaining 50% of the commissions goes to the insurance fund and the bZx treasury. The InnovationbZx protocol is a fully decentralized and trustless protocol that allows users to trade long or short with leverage, loan and loan. How is the bZx protocol used? The bZx protocol provides four main services to its users: Leveraged Margin Trading, Lending/Lending, and Staking. TradingTrading is at the heart of the bZx protocol. Users can easily open long or short leveraged trading positions at fixed interest rates. The Loan/Loan protocol also allows users to borrow collateralized funds and also lend funds and earn interest. A unique feature of the bZx protocol is the existence of fixed interest rates on borrowed funds. Allow users to trust the cost of their loan. Staking users can stake BZRX tokens to earn a percentage of platform fees. The Multi Chain bZx protocol currently supports three blockchains: Ethereum, Polygon, and Binance Smart Chain. New blockchains will be added regularly following community consensus. Insurance FundbZx's insurance fund is used to cover unexpected losses caused by hacks. Additionally, bZx has over $1 million in coverage through Tidal Insurance. How is the bZx protocol governed? The GovernancebZx protocol is governed by the BZRX token. BZRX token holders can stake their token and participate in voting and governance. DAO bZx DAO Treasury facilitates the DAO's 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, then once community consensus is reached, proposals go to instant voting, followed by chain voting. bZx DAO controls one of the largest hoards in the entire DeFI crypto ecosystem with over 170mm of assets, which places it in the top 10 DAO hoards according to open-orgs.infobZx What's Next: bZx Protocol is constantly innovating and developing features of vanguard for its users. Here are some of the upcoming features available to bZx users: Ads without permission
Decentralized Limit Orders
B. Protocol lever positions.