Blog Category:
Tech Update
LIVE: Horizon Futures Now Live on Testnet!We are excited to announce that Horizon Futures is now available for public testing on BNB Chain Testnet!
Horizon Futures: Price Impact Function and Dynamic Funding RatesIn the following article, we explain the importance of maintaining delta neutrality in perpetual futures and provide details and examples of the two mechanisms implemented to maintain delta neutrality.
Horizon Futures: Dual Oracles and FeesIn this article, we will go over how oracles will facilitate the data feeds for Horizon Futures and the fees required for using Futures.
LIVE: Testnet Horizon Protocol V2We are thrilled to announce our smart contract V2 is now live on Testnet! This update brings in some significant structural changes, including the integration of Debt Shares, the introduction of Dynamic Exchange Fees, a new Liquidation Mechanism, and a fresh Weekly zUSD Fee Distribution system. These changes represent a major milestone in Horizon Protocol’s evolution and have established a strong foundation for the forthcoming launch of the Perpetual Futures Exchange, ensuring enhanced security, stability, and functionality.
Tech Update: Upcoming Testnet V2We’re excited to share an update alongside our upcoming Testnet V2 smart contract releases. This update focuses on improving the Weekly zUSD fee distribution. The goal is to make this change beneficial for our community of stakers and promote a fairer fee distribution system.
Introducing NEW Liquidation Mechanism: Safeguarding zAssets and Enhancing Liquidation EfficiencyHorizon Protocol is a protocol that requires the maintenance of collateral to make sure that all zAssets are backed by some underlying asset. In the case of Horizon Protocol, that underlying asset is the HZN token. The worst-case scenario is if the underlying asset’s value is worth less than zAssets, because that would mean that zAssets are not completely backed anymore. One of the mechanisms to prevent the worst-case scenario is the liquidation mechanism, which allows wallets that have gone below the safe C-ratio, or collateralization ratio, threshold to be liquidated by a third party to get them back to a safe C-ratio and ensure the protocol’s zAssets are sufficiently collateralized.
