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1. FULCRUM MICROSYSTEMS FOCALPOINT RENO 04 FULL
2. FULCRUM MICROSYSTEMS FOCALPOINT RENO 04 FREE

With governance being a strong focal point of the project at large, BZRX token holders are said to help shape how the bZx protocol will be updated in the future.įurthermore, token holders receive the right to claim assets from the insurance fund corresponding to the respective weight of their BZRX token holdings. Protocol TokenīZx’s native protocol token, BZRX, is primarily used by relays to collect trading fees. “The protocol collects 10% of all interest earned by lenders and aggregates it into an insurance fund.”įor this reason amongst others, bZx leverages a native token aimed at ensuring the system operates smoothly and with confidence.

Interestingly enough, unlike other lending services such as Dharma, bZx relies on the upkeep of a deep insurance fund to ensure that lenders will always be covered in the event that borrowers are unable to pay back their loans.

FULCRUM MICROSYSTEMS FOCALPOINT RENO 04 FREE

Borrowers are free to do whatever they wish with their newly loaned tokens, prompted to deposit additional funds in the event of collateralization ratios that may induce future liquidation. If there’s a risk of borrowed funds being lost, bounty-hunters initiate position liquidation and subsequent refund to the Lender. While these margin funds are being used, off-chain bounty-hunters are monitoring the solvency of a margin account. Without going into too much detail, Lenders and Borrowers place orders via a Relayer, and once matched, the Borrower receives a margin loan.

Supplemented by developers, designers and project managers who have worked on everything from iOS applications to other Ethereum dApps, its’ safe to say that bZx boasts a quite well-rounded team.

FULCRUM MICROSYSTEMS FOCALPOINT RENO 04 FULL

After teaching himself Solditiy, Tom teamed up with the now COO, Kyle Kistner, to co-architect the whitepaper and full vision for the protocol. With most of the core team being strongly focused on development, it should come as no surprise that the company has already shipped a number of products since it’s mainnet release in the second half of 2018.īZx was founded by Tom Bean, a self-starter with years of experience working with top-profile car companies using GPS technology. The bZx team currently lists 8 team members and 3 advisors on their official website. Thanks to the company’s continual display of being able to ship unique products, bZx has built a strong foundation for future growth. Combined with the release of two separate consumer-facing products, bZx continues to explore new ways to make DeFi as digestible to the average end-user as possible. Since the rebrand, bZx has been heavily focused on solidifying strong industry partnerships with key players including but not limited to MakerDAO, Kyber, ChainLink, Augur and Set Protocol. “ to make the zero-x aspect of our identity clear and prevent confusion with any companies or protocols named Box.” During that time, the company chose to rebrand from b0x to bZx, specifically as co-founder Tom Bean stated:

Since then, the protocol published their formal whitepaper in February of 2018, followed by a testnet release in April and a full mainnet launch in August of the same year. The project first started publicly marketing themselves during ETHDenver in 2018. Background on bZxīZx (formerly known at b0x) was conceived in August 2017. Better yet, Torque does not require users to set up an account or pay any loan origination fees. By integrating a web3 wallet such as Metamask, Torque leverages the ENS loan system described above to allow users to borrow supported assets by sending collateral to an ENS domain. More recently, bZx has been working to ship another lending product, Torque, to offer indefinite-term loans and fixed interest rates. At the time of writing, Fulcrum currently supports 8 different assets with varying lending rates depicted below. Fulcrum allows both loans and margin positions to be tokenized as unique ERC20 assets in the form of iToken (for loans) and pToken (for margin trading). The company’s first consumer-facing product, Fulcrum, is a front-end web interface for interacting with the bZx smart contracts.