BZX: OFFERING A DECENTRALIZED MARGIN LENDING AND MARGIN TRADING SERVICES

CONCEPT
bZx as a protocol on the ethereum blockchain has an oX integration. It is first to input total decentralization and p2p (peer-to-peer) funding and trading of margins. BZRX token takes charge of rewarding Exchanges and relays, using fees accepted in bZx and provides completely decentralized services on margins that are lent and traded. Summarily, bZx is only integrated into an infrastructure of exchange and not an exchange itself.

GOAL
To make bZx contracts as affordable as can be in area of gas usability.

CHALLENGES AND SOLUTIONS
Crypto universe has a contradicting subject matter of; trading assets that enjoy full decentralization, on exchanges that are centralized. This is done because of risks like custodial risk, which is a counterparty risk borrowers and lenders (debtors and creditors) encounter in course of an exchange. And, technical problems like difficulty and/or inability to create a suitable oracle befitting a centralized settlement security. This causes difficulty in liquidating assets for the sake and/or good of the lenders. These risks and challenges can be overcome and solved using bZx on-chain solutions.
bZx uses its structures like library, portal and smart contracts in solving these problems. With the library, an interface can be built for margins to be loaned and traded thereby providing added value to the customers. It can also be used for easy integration with, and for the protocol and its development. Portal uses the library, and is a go-to for individuals desiring to communicate with the protocol for margin loan and trade. It (portal) is in four sections and each sees to a smooth transaction between borrowers, lenders and hunters of bounty. The protocol, as a series of smart contracts that facilitate transactions, has a starting point serving as the main contract that controls others. Others include; escrow contracts, the interface using oX exchange contract to ensures accountability of trades and, the interface for developing the oracle contracts that make up its marketplace. This marketplace will be maintained by bZx to grant permission to the public to rate them thereby establishing a means to choose the oracle that meets the requirement(s) of the public.

bZx ORACLE

bZx made enticing decisions about its oracle, which would aid the smooth running of transactions and its marketplace and would also help curb the poor network flow that usually poses a threat and prevents a token from being mined or a customer from participating in a token sale. The bZx oracle is open-sourced and helps in the liquidation of accounts that have fallen short of margin maintenance. The liquidation is done with the least number of transactions needed to be mined and, this explains while liquidation calls are crowdsourced and irrespective of users’ intervention, the system works even during crisis in the market.

SUGAR (SUGR) TOKEN
This token is supported by ether and is used as incentives for both lenders, borrowers and hunters of bounty, for their taker fees, gas and bounty rewards. Holders of the SUGR tokens are monetized to use their insurance funds to restore principal, lost by lenders (creditors) due to market situations which are not normal, thereby making the network a safe place to lend and keep safe, the future revenue of the sugar tokens.

BZRX TOKEN
The token is a utility token used for rewarding order books aggregates by relays and the protocol’s governance. It ensures and enhances the coordination of sensible economic agents' networks, and a continuous provision of recent news (updates) around/on the protocol which are fully decentralized.

BENEFITS
Maker or taker of a loan order can be both the creditors and the sellers (traders) and the maker creates the order object either through the bZx portal or the relay.
The order object has the maker’s private key signed to it to ensure the unalteration of the orders.
Decoupled valuation and liquidation of assets is guaranteed to allow a healthy competition to thrive among oracle providers thereby encouraging a flexible and experimental network.

Useful project links for Bzx :
Website : https://b0x.network
Whitepaper : https://b0x.network/pdfs/bZx_white_paper.pdf
Telegram : https://t.me/b0xNet
Twitter : https://twitter.com/b0xNet
Platform : https://portal.bzx.network

Writer's Bountyox username : oly4life