We are pleased to share the successful implementation of HIP-12, which addresses the utilization of zUSD & zBNB liquidity and optimizes the Community Staking Wallet’s activities.

Optimized Liquidity

Following the migration from the Wombat Exchange bribe system, LP tokens were unstaked from Wombex. HIP-12 suggested utilizing the unstaked liquidity and stake it into Magpie to continue earning rewards. Additionally, earned HZN will now provide liquidity to the HZN-BNB pair on PancakeSwap, supporting the main HZN liquidity pool and earning yield in CAKE tokens.

Cakepie Retroactive Bonus

In addition, we’re excited to announce that, as an early partner, Horizon Protocol received a retroactive bonus from Cakepie in the form of CKP tokens. The amount received totals 142 CKP, which will be locked and used to allocate voting power to the HZN-BNB pool. As a result, additional HZN will be earned.

Impact

These actions represent a step forward in optimizing liquidity and enhancing our protocol’s sustainability while fostering a solid network of partnerships in the Ecosystem. We appreciate your support and look forward to further progress together.

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Horizon Protocol is a decentralized derivatives trading and liquidity protocol that provides decentralized access to the real-world economy through synthetic assets. Through Horizon Protocol, users can access swaps and perpetual futures of RWA (real-world assets), including, fiat (i.e. USD, EUR, JPY, etc.), and commodities (i.e. gold, silver, etc.).

With a peer-to-pool model where a counter-party is not required for trading, Horizon Protocol can offer DeFi users low fees, deep liquidity, and zero slippage when trading borderless synthetic assets. Horizon Protocol sets itself apart with a strong focus on seamless UI/UX and educational content to help the community understand the power of DeFi derivatives.

• https://horizonprotocol.com
• Horizon Academy
• Discord
• Reddit
• Telegram Announcements
• Telegram Community
• X (Twitter)

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