bZx Protocol $BZRX

bZx is an advanced protocol specifically tailored to provide facilities such as margin trading, borrowing, lending and staking. The protocol enables the establishment of decentralized applications that allow lenders, borrowers, and traders to interact with a flexible decentralized finance protocol across multiple blockchains. This fully decentralized project operates under the control of the community and is governed by community vote for all major modifications to the protocol.

The BZRX Token

The BZRX token plays a fundamental part in the bZx ecosystem as it represents a governance token. This governance attribute enables the bZx community to govern the protocol by staking BZRX tokens and participating in the bZx DAO votes. This system highlights the emphasis on community control over the protocol through governance, fee sharing, and voting.

Community Control and Governance

bZx operates on the principle of community governance where all major decisions regarding the protocol changes are taken by community voting. The authority of governance is vested in those holding and staking BZRX tokens, stressing on the high value placed on democratic community control.

Fee Sharing and Voting

Another notable feature of the bZx ecosystem is its emphasis on fee sharing and voting. Fee sharing serves as an incentive for token holders for their active participation in the governance of the protocol. Similarly, the process of voting allows token holders to have a direct say in the decision-making process regarding the functioning and future development of the bZx protocol.