$583.660000
+$2.730369(+0.47%)
Market Cap
--
24h High
$584.840000
24h Low
$578.900000
24h Turnover
$5.86
Total Supply
399.993145283444
Market Sentiment
Neutral
About Horizon Protocol zBNB (ZBNB)
Horizon Protocol bridges the products of traditional financial markets and brings it into the world of decentralized finance (DeFi) in the form of synthetic assets.
Synthetic assets are tokenized derivatives, which are contracts that represent the underlying value of an asset, without requiring actually holding the asset itself.
zBNB is one of the 25+ synthetic assets (zAssets) backed by Horizon Protocol’s liquidity system. Because BNB is the native coin on Horizon Protocol’s home chain, as well as the most liquid asset on the BNB Chain, liquidity for zBNB was chosen and incentivized as a secondary on/off-ramp for users to get access to zAssets on the open market (zUSD being the primary). Furthermore, a secondary zAsset market is important for non-protocol participants to also access and arbitrage zAsset open market price deviations without actually having to collateralize the zAssets themselves through staking.
Risk Disclosure
Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results.
Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.
Disclaimer
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