A PROTOCOL FOR NEXT GENERATION B0X-STANDARDS RELAY
bZx is a blockchain decentralized peer -to -peer margin funding and trading protocol, which is built on ethereum and integrated with the 0x protocol. It’s decentralization is facilitated through blockchain technology,which means there is no third party involve, intermediary or central authority as interactions on the platform happen on a peer-to-peer system.
bZx is not itself an exchange, but a protocol that can be integrated into the current exchange infrastructure.Its a protocol that powers decentralized margin trading and can be built into any exchange. bZx is a decentralized protocol that enables lending and borrowing for margin trading.The protocol can be easily integrated into new and existing exchanges,or accessed simply the means of native bZx portal.
A PROMINENT FEATURE
A prominent feature of bZxplatform is designed for decentralized margin trading. for safer lending, cheaper trading and more liquidity. Exchanges and relays are incentivized by fees denominated in the BZRXprotocol token (BZRX) to offer decentralized margin lending and margin trading services. Assets will be much valued and liquidated by means of passing through the competing oracle providers. The process by decoupling the valuation and liquidation of assets from the protocol, the marketplace approach allows competition to drive the oracle provider fee to its marginal cost while encouraging experimentation and flexibility.
- HOW bZx PROTOCOL WORKS.
The bzx protocol makes use of an escrow contract and oracle to provide margin lending.. The two main layers are ; the Protocol and the Oracle. Protocol layer is the order object that makers create and takers present to the bZx contract. The escrow contract holding the funds of lenders. The smart contract logic for disbursement of interest.
Oracle layer is the on-chain DEXs to provide price feeds and on-chain liquidity.The off chain bounty hunters to monitor the solvency of margin accounts. Its a gatekeeper that uses the DEX price feeds to allow only honest and accurate bounty hunters to initiate liquidations. And also a guarantee fund that pays out in the rare circumstance that a lender may lose money.
- WHY SHOULD I JOIN bZx?
The benefit of why you should join bZx, lenders , traders and decentralized exchanges benefit from bZx protocol. Lenders will be able to loan their tokens for huge profitable interest without risking moving their assets onto centralized exchanges that can be compromised.Amazingly, why decentralized margin trading better:
1. Its a minimal risk, whether you are a lender or borrower, you stay in contorol of your keys. No need to worry about exchages getting hacked or stealing your funds. look more secure? Yes !
2. making a passive income with the assets you already hold in your wallet without giving up control of them. Interest rates on margin loans are often much higher than traditional loans while being for safer. Ready to make passive income? Yes! i’m ready.
3. Lower fees, traders on centralized exchanges pay higher interest rates to compensate lenders for the risk of the exchange getting hacked. Decentralized margin lending makes trading more affordable.
- THE FUNCTION AND USEFULNESS OF BZRX TOKEN.
The brzx is a utility that has two main functions; (1).The incentivization of order book aggregation by relays. (2).Governance of the bZxprotocol.
The token model is the combination of medium of exchange and governance; all margin trading fees to relays must be paid in BZRX protocol token, its used to facilitate governance of the bZx protocol. Amazingly, the BZRX functions for the bZxprotocol much like the ZRX token functions for the 0x protocol. Both tokens coordinate networks of rational economics agents around a protocol. Both BZRX and bZxare used to facilitate continously, decntralized updates to the protocol.
- TOKEN DISTRIBUTION / ALLOCATION OF FUNDS.
- Product development -50%
- Administrative overhead-20%
- Advertising & marketing- 15%
- THE ROAD MAP.
- THE CONCLUSION.
As i mention before, this an interesting platform and very ambitious project. This certainly an indication of the direction the whole decentralized exchanges is heading and the existing decentralized exchanges that is stagnating because of low liquidity and large spreads. Amazingly, bZx bridges centralized and decentralized liquidity pools using tokenize margin loans. with bZx’s Universal liquidity, you get access to the entire margin lending market. Which means less slippage and tighter spreads.
- TEAM MEMBERS.
PARTNERS & COLLABORATOR LINKS
Bounty0x User Name : gracious122