Blog Category:
Tech Update
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.
Introducing Dynamic Exchange Fees: Eliminating Oracle Delays and Unleashing Instantaneous TradesWe’re excited to introduce Dynamic Exchange Fees, one of the upcoming changes in our Horizon Protocol V2 smart contract testnet.
Introducing Debt Shares: Simplifying Debt Management and Cross-Chain Tracking AbilityWe’re excited to share some upcoming changes in our Horizon Protocol V2 smart contract testnet. These changes, including Debt Shares, Dynamic Exchange Fees, and a new Liquidation Mechanism, are significant and will enhance the protocol’s stability, scalability, and user experience. They lay the groundwork for the Futures Exchange we have in store.
Successful Completion of PeckShield Audit — Horizon Protocol Security UpdateWe are thrilled to announce that the comprehensive audit by PeckShield, covering both the new features detailed in our roadmap and the existing functionalities within UI V2, has been successfully concluded.
Horizon Protocol UI V2 Beta LaunchWe are thrilled to announce the beta launch of Horizon Protocol’s V2 unified design, marking a significant milestone in our project’s journey.
Announcing Our New Auditor: PeckShieldWe are pleased to announce our partnership with PeckShield for a comprehensive security audit. PeckShield is an industry-leading blockchain security company founded in 2018 by former Qihoo 360 Chief Scientist, Xuxian Jiang.
