Horizon Protocol zBNB $ZBNB

Horizon Protocol is a revolutionary crypto project that aims to bridge the gap between traditional financial markets and the world of decentralized finance (DeFi). The protocol achieves this by introducing synthetic assets into the DeFi space. Synthetic assets, also known as tokenized derivatives, are contracts that mirror the value of an underlying asset without the need for the holder to physically own the asset. This innovative approach to finance allows for greater inclusivity and accessibility within the financial markets.

About zBNB

zBNB is one of the over 25 synthetic assets backed by Horizon Protocol's liquidity system, commonly referred to as zAssets. Chosen for its liquid nature, zBNB serves as a critical secondary on/off-ramp for users to gain access to other zAssets in the open market, with zUSD being the primary. The fact that BNB is the native coin on the Horizon Protocol's home chain further bolsters zBNB's significant role in the ecosystem.

Utilities of zBNB

One of the primary utilities of zBNB in the Horizon Protocol ecosystem is to provide an additional market for non-protocol participants. It allows individuals who are not directly engaged with the protocol to access and arbitrate zAsset open market price deviations. This is possible without having to collateralize the zAssets themselves through staking, thus offering a streamlined and simplified onboarding process for new users.

A Bridge Between Traditional and Decentralized Finance

In a nutshell, Horizon Protocol's zBNB is an integral component of the platform's mission to merge traditional financial markets with decentralized finance. By providing a liquid, accessible, and user-friendly entry point into the world of zAssets, zBNB plays an essential role in broadening the reach and potential of DeFi.