bZx Buy Token

www.bzx.network

Total Value Locked

$694.3K

USD Locked

$694.3K

ETH Supply Locked

145.34

Blockchain

Ethereum

Change

-6.42%

What is bzx?

bZx is an Ethereum-based protocol that is used for lending (supply and demand) for margin trading. The decentralized protocol is easily integrated into new and existing exchanges or accessible via the native bZx portal.

The advantages of using bZx are directed to lenders, traders and DEXs – decentralized exchanges.

Both lenders and traders can benefit from interest and margin trading respectively without moving their assets to centralized exchanges. Meanwhile, DEXs integrating bZx will see an increase in volume, improved functionality and income from trading fees.

The native token of the protocol is BZRX and is essentially a combination of medium of exchange and governance token. Basically, all margin trading fees for relays must be paid in BZRX.

The protocol collects 10% of all interests earned by lenders and aggregates it into an insurance fund. This fund is designed to pay out in case a lender loses money from a borrower that has not been settled quickly enough.

The bZx interest-bearing tokens are the ERC20 tokens: iToken and pToken.

Lenders can earn interest by minting iTokens like iDAI and iUSDC; they automatically accumulate interest using algorithmic logic.

Traders, who can enter long or short positions with up to 4x leverage, receive pTokens (p = position), which fluctuate in value depending on the performance of their trades.

How to use bzx?

Officially launched in July 2018, the bZx protocol was immediately integrated by DeFi platforms such as MakerDAO, Kyber and later Augur.

The following year, in June 2019, bZx launched the Fulcrum platform providing lending, leveraging, and shorting for ETH, wBTC, ZRX, KNC, BAT, REP, DAI and USDC.

In August 2019, it also launched its second product, Torque, a platform offering permanent and fixed interest loans.

The Eidoo wallet app, available on Android, iOS and desktop, has also recently integrated the bZx protocol within its application just a few months ago.

bZx Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total ETH Locked
  • ETH Locked 1d
  • 05 Aug 2020
  • TVL USD $695,809
  • TVL Change $-57,560.00
  • Total ETH Locked 145 ETH
  • ETH Locked 1d -0.36 ETH
  • 04 Aug 2020
  • TVL USD $753,369
  • TVL Change $27,487.00
  • Total ETH Locked 146 ETH
  • ETH Locked 1d -0.30 ETH
  • 03 Aug 2020
  • TVL USD $725,882
  • TVL Change $-10,311.00
  • Total ETH Locked 146 ETH
  • ETH Locked 1d -0.48 ETH
  • 02 Aug 2020
  • TVL USD $736,193
  • TVL Change $-1,603.00
  • Total ETH Locked 147 ETH
  • ETH Locked 1d -0.26 ETH
  • 01 Aug 2020
  • TVL USD $737,796
  • TVL Change $3,362.00
  • Total ETH Locked 147 ETH
  • ETH Locked 1d -0.25 ETH
  • 31 Jul 2020
  • TVL USD $734,434
  • TVL Change $13,004.00
  • Total ETH Locked 147 ETH
  • ETH Locked 1d -0.38 ETH
  • 30 Jul 2020
  • TVL USD $721,430
  • TVL Change $7,068.00
  • Total ETH Locked 147 ETH
  • ETH Locked 1d -0.69 ETH
  • 29 Jul 2020
  • TVL USD $714,362
  • TVL Change $480.00
  • Total ETH Locked 148 ETH
  • ETH Locked 1d -2.43 ETH
  • 28 Jul 2020
  • TVL USD $713,882
  • TVL Change $-7,565.00
  • Total ETH Locked 151 ETH
  • ETH Locked 1d -0.43 ETH
  • 27 Jul 2020
  • TVL USD $721,447
  • TVL Change $-33,466.00
  • Total ETH Locked 151 ETH
  • ETH Locked 1d -0.48 ETH
  • 26 Jul 2020
  • TVL USD $754,913
  • TVL Change $653.00
  • Total ETH Locked 152 ETH
  • ETH Locked 1d -0.47 ETH
  • 25 Jul 2020
  • TVL USD $754,260
  • TVL Change $-13,290.00
  • Total ETH Locked 152 ETH
  • ETH Locked 1d -0.85 ETH
  • 24 Jul 2020
  • TVL USD $767,550
  • TVL Change $19,203.00
  • Total ETH Locked 153 ETH
  • ETH Locked 1d -1.05 ETH
  • 23 Jul 2020
  • TVL USD $748,347
  • TVL Change $15,889.00
  • Total ETH Locked 154 ETH
  • ETH Locked 1d -0.73 ETH
  • 22 Jul 2020
  • TVL USD $732,458
  • TVL Change $3,077.00
  • Total ETH Locked 155 ETH
  • ETH Locked 1d -0.84 ETH
  • 21 Jul 2020
  • TVL USD $729,381
  • TVL Change $-22,347.00
  • Total ETH Locked 155 ETH
  • ETH Locked 1d -0.92 ETH
  • 20 Jul 2020
  • TVL USD $751,728
  • TVL Change $2,907.00
  • Total ETH Locked 156 ETH
  • ETH Locked 1d -0.88 ETH
  • 19 Jul 2020
  • TVL USD $748,821
  • TVL Change $-4,041.00
  • Total ETH Locked 157 ETH
  • ETH Locked 1d -0.95 ETH
  • 18 Jul 2020
  • TVL USD $752,862
  • TVL Change $-60,907.00
  • Total ETH Locked 158 ETH
  • ETH Locked 1d -0.77 ETH
  • 17 Jul 2020
  • TVL USD $813,769
  • TVL Change $-8,939.00
  • Total ETH Locked 159 ETH
  • ETH Locked 1d -0.91 ETH