bZx is a decentralized money market protocol based on ethereum to lend your assets and earn interest with Basic Attention Token, Kyber Network, 0x, Chainlink, Ethereum, Augur, sUSD, USD Coin, Bitcoin, Dai, and Sai.
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- What is bZx?
bZx is a decentralized finance protocol built on the ethereum blockchain. The smart contracts of the protocol enable developers to built efficient and rent-free applications with integrated lending, borrowing, escrow, leverage and margin calls. Currently there are two applications powered by the bZx protocol:
- Fulcrum – DeFi Margin Lending and Trading Platform
- Torque – Indefinite-term Loans with Fixed Interest Rates
Lending on Fulcrum is powered by iTokens, which are global lending pools. Each asset has a single iToken equivalent (ETH as iETH, DAI has iDAI, etc.), and has an independent interest rate paid to lenders who have deposited funds to the contract. The interest earned is proportional to the amount of iToken held by each lender.
- What is your infrastructure security setup?
ZK Labs audited bZx’s smart contracts and released a detailed report of their findings, evaluating whether the codebase adheres to the established best practices for smart contract development, code correctness, quality, and security. The audit reported that the code was well structured and properly compartmentalized.
- How do you handle governance decisions?
The BZRX token is used by relays to collect trading fees. Token holders decide how to upgrade the bZx protocol.