Our next DeFi listing is here – we’re adding bZx Protocol Token (BZRX) to Poloniex today! BZRX tokens unlock for the first time today and we’re excited to list as soon as it launches. BZRX follows our recent DeFi listings of STAKE, COMP, cUSDT, LEND, BAL, LRC, and REN.
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What is bZx Protocol Token?
bZx is a decentralized finance protocol built on Ethereum that enables lending and trading with margin and leverage. The bZx protocol powers a variety of DeFi products, including Fulcrum, a decentralized margin lending application; and Torque, a borrowing platform that offers fixed rate, indefinite-term loans. bZx Protocol Token (BZRX) is the native token of the bZx protocol. It enabled holders to participate in protocol governance and to pay their trading and interest fees. Participants can stake their BZRX and receive new commission that is generated by the protocol in proportion to their contribution of the total staked supply, creating a liquidity mining opportunity for bZx users.
BZRX tokens unlock for the first time today, July 13th, and Poloniex is the first exchange to provide BZRX markets. Deposit BZRX now and get ready to trade.