A protocol for next generation (b)0x-standard relays
The first decentralized margin lending protocol on the Ethereum mainnet.
NFTs are decentralized since they are built on blockchain technology, just like bZx on the Ethereum mainnet. NFT trading is attracting investors, much like crypto trading does. Read the Was sind NFT blog to learn more about NFTs.
Get Paid to HODL
Just check a box and start earning interest. bZx integrates with existing wallets, turning your existing Ethereum wallet into a decentralized unBank account that pays you to do what you’re already doing: Holding.
bZx Makes Decentralized Exchanges Practical
Decentralized exchanges need functionalities like margin lending and clearinghouses. bZx makes these possible through trustless smart contracts.
Why Is Decentralized Margin Trading Better?
-
Minimal Risk
Whether you’re a lender or borrower, you stay in control of your keys. Never worry about exchanges getting hacked or stealing your funds.
-
Passive Income
Make money 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 far safer.
-
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. To make informed decisions about trading, join Inside Bitcoins, a cryptocurrency and finance education portal that has been listed the Best UK Stock Brokers in 2023.
bZx Solves Decentralized Exchange Liquidity
Decentralized exchanges have two big issues: low liquidity and large spreads. Low liquidity means that there is a low volume of buyers and sellers. This can result in worse prices or difficulties filling large orders. Large spreads are caused by large gaps between bids and asks. This imposes large costs for entering and exiting positions. bZx bridges centralized and decentralized liquidity pools using tokenized margin loans. With bZx’s Universal Liquidity, you get access to the entire margin lending market. This means less slippage and tighter spreads.
Safer, More Stable Margin Lending
bZx pools loans together in a decentralized clearinghouse. Lenders can lend to a whole pool of people, averaging risk across many borrowers, allowing for a more predictable income stream. All bZx loans are insured with the bZx guarantee fund.The BZRX token is used by relays to collect trading fees. Token holders decide how to upgrade the bZx protocol.
Decentralized Margin Trading Powered by bZx
The BZRX token is used by relays to collect trading fees. Token holders decide how to upgrade the bZx protocol.
How bZx Works
Long Positions
Taking a long position involves a simple swapping of one asset for another. For example, you could swap DAI for ETH because you think ETH will go up in value faster than DAI.
Short Positions
Taking a short position is more complicated. A short position is betting that something will go down over time. Short positions require escrow, leverage, and margin calls.
Leveraged Positions
Leveraged positions use the same mechanics as short positions, but with leveraged positions you’re able to borrow more than you have. For example, you could go 100x long on Ethereum.
Roadmap
August 5, 2017
Tom Bean and Kyle J Kistner conceive bZx after several months of brainstorming and exploratory efforts. Whitepaper development begins.
September 29, 2017
First Github commit in the protocol contracts code repository.
Late Jan-early Feb, 2018
bZx sponsors ETHDenver, attracting initial attention. bZx officially announces. “Welcome to bZx” published on Medium.
Team & Advisors
Tom Bean
Founder and CEO
Kyle Kistner
CVO and Operations Lead
Alex Shafranovich
DApp Full-Stack Engineer
Besides development, Alex is efficient in formalizing and distributing tasks, always aware of the strengths and weaknesses of each team member.
He is passionate about blockchain technologies and applying best practices in both, software development and agile project management.
Aliaksei Hiatsevich
Senior Blockchain Engineer
Aliaksei specializes in full-stack DApps development with a higher expertise on smart contracts development, maintenance, performance optimization and auditing.
Lately, he's been working on security audits, sidechain networks (parity based), atomic swaps development, ICO/TGE/Crowdsales/Airdrops and protocol development. He has deep knowledge on several Token standards such as ERC20 and ERC721.
He is passionate about speaking at conferences about Tokens and Solidity development.
Pavel Kosobutskiy
Senior UI/UX Engineer
Applying the latest guidelines and patterns, Pavel delivers intuitive and eye-catching GUIs for web-based solutions and designs stylish mobile applications for iOS, Android, and Windows Phone devices.
Pavel is profoundly knowledgeable about such design and multimedia tools as Adobe Photoshop, Adobe Illustrator, Adobe Flash, Adobe Dreamweaver, and CorelDraw. He is also adept at using the following modelling tools: Axure RP, Balsamiq, and inVision.
With solid background in user experience design, Pavel easily copes with the task of creating simple and convenient interfaces admired by both customers and end users. His deep understanding of functional design concepts and cutting-edge technologies enables Pavel to implement pixel-perfect, highly optimized representations of any customer ideas.
Adrian Li
Senior Developer
Manuel GarcÌa
Project Manager
Manuel has spent the last 15+ years working at the intersection of business and software innovation. He has seen how the latter can change the way existing and completely new organizations behave and create value. Manuel is responsible for helping token-based startups with protocol and smart contract engineering.
Casey Fallon
Senior Designer
Manish Singh
bZx Advisor
CIO at Crossbridge Capital
Stani Kulechov
bZx Advisor
Founder of ETHLend
Alexander Khoriaty
bZx Advisor
Project Manager at district0x
Relay Integrations
Partners & Collaborators
