Horizon Protocol

Yield Farming

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Horizon Protocol is an innovative DeFi platform on the BNB Smart Chain designed for on-chain trading of synthetic assets reflecting real-world economic elements. By leveraging BSC, it ensures scalability, speed, and reliability, surpassing Ethereum's limitations. Central to its operation is the HZN token, which underpins the creation of zAssets, drives participant rewards, and will eventually support a DAO for protocol governance. Horizon Protocol bridges traditional finance and DeFi, enabling exposure to asset risk/return profiles via smart contracts without direct ownership. Notably, zBNB exemplifies tokenized derivatives, providing market participants with lucrative arbitrage opportunities. With a circulating supply of 120,707,110 HZN, it actively operates across 20 markets. Horizon Protocol not only enhances the DeFi ecosystem with interoperability and diverse derivatives but reinforces BNB’s prominence through its liquidity system. For further insights, visit horizonprotocol.com.

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FAQ

What is Horizon Protocol and how does it revolutionize DeFi?

Horizon Protocol is a DeFi platform launched in 2021 on the BNB Smart Chain, designed to facilitate the trading of synthetic assets representing real-world economic components. By leveraging blockchain technology, it introduces scalability, speed, and interoperability to the DeFi ecosystem. Horizon Protocol allows users exposure to real-world asset risk and return profiles through its smart contracts, bridging traditional finance with decentralized finance using synthetic derivatives.

How does Horizon Protocol utilize its native token, HZN?

Horizon Protocol leverages its native token, HZN, as collateral for creating synthetic assets known as zAssets. HZN plays a crucial role in driving economic incentives within the platform, supports the reward system, and will eventually enable governance through a Decentralized Autonomous Organization (DAO). These functionalities make HZN essential for the protocol’s operations and strategic development.

What advantages does Horizon Protocol offer over traditional finance systems?

Horizon Protocol bridges traditional financial markets and decentralized finance by offering synthetic assets, which are tokenized derivatives reflecting the value of real-world assets without direct ownership. Operating on the BNB Smart Chain ensures higher scalability and lower transaction costs compared to Ethereum-based systems, while allowing users to engage with real-world asset risks without direct exposure.

What role does zUSD play in the Horizon Protocol ecosystem?

Within the Horizon Protocol ecosystem, zUSD acts as the primary on/off-ramp for zAssets, facilitating ease of access and liquidity. This mechanism allows users to engage in synthetic asset trading and arbitrage opportunities without requiring direct asset collateralization. zUSD’s essential role streamlines user interaction with the platform’s synthetic derivatives market.

How does Horizon Protocol ensure liquidity for its synthetic assets?

Horizon Protocol ensures liquidity for synthetic assets through its robust liquidity system, prominently featuring zBNB, a notable synthetic asset. By leveraging the liquidity and prominence of BNB on the BNB Chain, Horizon Protocol makes the trading and arbitrage of synthetic assets seamless, ensuring ample opportunities for market participants without needing direct collateralization.

How does Horizon Protocol incorporate governance for its future development?

Horizon Protocol will introduce a Decentralized Autonomous Organization (DAO) for governance, driven by its native token, HZN. This DAO framework will allow token holders to participate in decision-making processes, influencing the protocol’s strategic direction and future developments, ensuring that the community has a crucial role in shaping the evolution of the platform.

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