We are proud to announce a new addition to our exchange: BZRX
has been added to the list of tradeable assets on Eterbase exchange and paired against USDT:
About bZx Protocol:
The bZx protocol is a set of smart contracts built on top of Ethereum. The protocol focuses on lending and margin trading and is most similar to another popular DeFi product called dYdX. The biggest difference between the two margin trading protocols is the inherent use of tokens in the bZx protocol. There are three main tokens in the bZx system: iTokens, pTokens, and BZRX tokens. All three are ERC20 tokens and each plays a vital role in how bZx functions.
The bZx system of lending and borrowing depends on iTokens and pTokens. When users lend or borrow money on bZx, their crypto assets go into or come out of global liquidity pools–pools of funds shared between many different exchanges. When lenders supply funds into the global liquidity pools, they automatically receive iTokens. These iTokens represent a share or claim of their supplied funds in the pool and automatically generate interest for their holders. At any point, iTokens can be redeemed for the original funds plus the interest accumulated.
More info about bZx Protocol can be found here.
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