bZx Protocol Price in USD: BZRX Live Price Chart & News | CoinGecko

bZx Protocol price today is $0.059940649677 with a 24-hour trading volume of $87.66. BZRX price is down -1.8% in the last 24 hours. It has a circulating supply of 510 Million BZRX coins and a total supply of 1.03 Billion. If you are looking to buy or sell bZx Protocol, Uniswap (v2) is currently the most active exchange.

bZx Protocol hit an all time high of $1.64 on Aug 31, 2020 (almost 2 years).

bZx Protocol had an all time low of $0.013307864138 on Jul 03, 2022 (about 1 month).

The 24 hour trading volume of bZx Protocol is $87.66.

You can trade bZx Protocol on Uniswap (v2), Coinone, and FMFW.io. Popular trading pairs for bZx Protocol in the market includes BZRX/USD, BZRX/CAD, BZRX/EUR, BZRX/PHP, BZRX/INR, and BZRX/IDR.

bZx is a 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.

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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.

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Innovation

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

What is the bZx Protocol?

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.