DeFi Token bZx Is Shifting to the Ethereum Mainnet, Renamed BZRX

BZRXv1 token holders can easily migrate to the new BZRX token using the project’s Staking Dashboard, the blog noted. BZRXv1 token holders will have 1 year from the launch of the new token on July 13, 2020, to migrate their holdings to BZRX tokens.

bZx’s whitepaper touts the protocol as one that allows developers to build applications that empower lenders, borrowers, and traders with the most flexible decentralized finance protocol on Ethereum. Lower Fees: Traders on centralized exchanges pay higher interest rates to compensate lenders for the risk of the exchange getting hacked.

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