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bZx Protocol

BZRX

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bZx Protocol is not available for trading on the Coinbase Exchange, but can be custodied on Coinbase Wallet

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bZx Protocol is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase. Use of Coinbase Wallet is subject to these terms.

Market

Market stats

Market cap

-

Volume (24h)

-

Circulating supply

-

All time high

$1.66

Price change (1h)

+0.01%

Price change (24h)

0%

Price change (7d)

0%

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

bZx Protocol is on the decline this week.

The price of bZx Protocol has fallen by 0.00% in the past 7 days. The price declined by 0.00% in the last 24 hours. In just the past hour, the price grew by 0.01%. The current price is $0.17 per BZRX. bZx Protocol is 89.57% below the all time high of $1.66.

The current circulating supply is 0 BZRX.

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About

What Is bZx Protocol (BZRX)?

bZx Protocol (BZRX) is an Ethereum-based flexible, decentralized finance (DeFi) platform that permits users to create applications to entrust lenders, borrowers, and traders. This platform is a community-run project that is governed by the community vote for all significant changes to the protocol. The bZx is a protocol used for tokenized margin trading and lending. It is a financial primitive for shorting, leverage, borrowing, and lending that grant decentralized and efficient blockchain.

In addition, the network aims to cover the challenges faced by centralized finance (CeFi), such as hacks, emerging regulations, and mishandling of funds by people in trustable positions. Thus, the network seeks to focus on the following criteria to improve decentralized margin trading:

  • Minimized Risk: The lender and borrower aim to stay in total control of the keys without worrying about the opaque centralized exchanges getting hacked or stealing the funds.

  • Passive Income: The protocol seeks to allow users to earn rewards with the assets held in the wallet without giving up the control. Yield rates on margin loans are usually higher than traditional loans.

  • Lower Fees: Traders on centralized exchanges pay high-yield rates to compensate lenders for the risk of the exchange getting hacked. Lending via decentralized margin aims to make trading reasonable.

Further, the two main products built on the bZx protocol are the fulcrum and torque. Fulcrum is a DeFi margin lending and trading platform, and torque is an indefinite-term loan with fixed yield rates.

As per the website, the bZx Protocol has BZRX as the native utility token. The primary utility of the BZRX token is the governance of the bZx Protocol ecosystem. Together, token holders have the power to upgrade the protocol. The token holders can aim to create incentives to reward participation and drive usage of the protocol.

History of bZx Protocol (BZRX)

Kyle Kistner founded the bZx Protocol along with Tom Bean in August 2017. Kistner completed his master’s degree in computational and molecular biology from Georgia State University. Bean did his bachelor’s degree in computer engineering as well as an MBA from Georgia State University. He also holds experience of more than six years working with Nokia.

BZRX has a maximum total supply of 1,030,000,000.

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Guides

Coinbase

How to Buy bZx Protocol

You can buy bZx Protocol using Coinbase Wallet, your key to the world of crypto. We wrote a guide on how you can buy bZx Protocol using Coinbase wallet.

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FAQ

What is the current price of bZx Protocol?

We update our bZx Protocol to USD currency in real-time. Get the live price of bZx Protocol on Coinbase.

What is the market cap of bZx Protocol?

The current market cap of bZx Protocol is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of bZx Protocol?

The all-time high of bZx Protocol is $1.66. This all-time high is highest price paid for bZx Protocol since it was launched.

What is the 24 hour trading volume of bZx Protocol?

Over the last 24 hours, the trading volume of bZx Protocol is $0.00.

What other assets are similar to bZx Protocol?

Assets that have a similar market cap to bZx Protocol include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many bZx Protocol are there?

The current circulating supply of bZx Protocol is 0.

Can I buy bZx Protocol on Coinbase?

Yes, bZx Protocol is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy bZx Protocol guide.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.