Horizon Protocol is a novel DeFi platform developed to enable on-chain trading of synthetic assets mimicking the real economy. The primary objective of Horizon Protocol is to provide risk/return profiles of real-world assets through the implementation of smart contracts on the blockchain. This revolutionary protocol paves the way for interoperability, scalability, and a broader range of tradable, real-world derivative products within the DeFi ecosystem. Horizon Protocol’s allegiance to the Binance ecosystem and native integration on Binance Smart Chain (BSC) provides unsurpassed speed and reliability, two attributes in high demand yet lacking in the Ethereum blockchain.
Horizon Protocol Token (HZN)
The lifeblood of the Horizon Protocol is the Horizon Protocol token (HZN), serving as a key player driving economic incentives for participants. The HZN token is of paramount importance in the synthesis of tradable synthetic assets, referred to as zAssets, and fuels the reward system. In the future, it is anticipated that the Horizon Protocol will facilitate a DAO that will govern the protocol and its future development.
Focusing on Scalability and Affordability
While Horizon Protocol is built upon the progress established by other pioneers in the same field, its primary focus is on overcoming challenges associated with scalability and affordability. The introduction of Horizon Protocol marks a substantial stride in the DeFi sector, bringing a unique blend of real world and synthetic assets to the blockchain space.
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