Introducing HIPs

  • There will be a 1 week period to discuss and provide feedback
  • HIPs will be revised and implemented based on your feedback.
  • Deploy a new staking pool on Ellipsis Finance.
  • 30,000 HZN weekly reward.
  • Adds a new liquidity on-ramp for Horizon Exchange
  • Ellipsis allows for lower slippage and fees.
  • Will make it cheaper and more flexible to on/off-ramp into zAssets.
  • Create new arbitrage opportunities and make it easier to arbitrage existing zAssets on the open market.
  • Helps keep the peg stable.
  • BNB is the most liquid asset on the BNB Chain.
  • BNB has no associated risk bridging from another chain.
  • This will increase the total zAsset liquidity by 14%.
  • Lowering C-Ratio incrementally will make changes less volatile and allow the community to see its impact.
  • Despite altcoin market conditions, no user has ever been liquidated.
  • By increasing zAssets, more zUSD liquidity can be supplied to the LP. This will make it easier for new traders to access a more liquid pool without the necessity of staking.
  • By increasing zAsset liquidity, more users can participate in lower IL staking rewards, such as zUSD-BUSD, to boost liquidity in the pool.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Horizon Protocol

Horizon Protocol

A DeFi platform facilitating the creation of on-chain synthetic assets representing the real economy. https://horizonprotocol.com/