What is bZx Protocol?
BZX is a decentralized borrowing and lending protocol built on Ethereum, allowing users to build applications designed for lenders, borrowers and traders. BZX's native ERC-20 governance and utility token BZRX accumulates value from protocol fee sharing, draws from the bZx Insurance fund, and protocol fee sharing. Each BZRX token can be redeemed for a proportionate amount of non-BZRX from the insurance fund, backing its value against projected cash flows from current and future assets.
