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Horizon Protocol is a new DeFi platform that makes it easy to trade synthetic assets that represent the real economy.
The Horizon Protocol aims to provide access to risk/return profiles of real assets through smart contracts on the blockchain.
Among the features of the Horizon Protocol are:
- Synthetic Asset Creation
- Real-World Asset DeFi Oracles
- Staking & Yield Farming
- Lending & Borrowing
- Advanced Derivatives Trading
- Cross-Chain DeFi
- Community Based Governance
The main use case of Horizon is to provide easy and secure access to an on-chain synthetic assets and derivatives market, without the need of traditional financial institutions acting as intermediaries. Horizon is able to aggregate fees usually charged by traditional financial institutions and distribute them to market participants via trustless and decentralized Smart Contracts.
The Horizon token (HZN) is the native cryptoasset that provides a foundation and serves as collateral for the on-chain synthetic assets and derivatives market. A corresponding real-world asset price oracles system, maintained by Phoenix Oracles in addition to other 3rd party data feeds, provides live exchange rates for real-world assets. As a result, the Horizon Protocol will allow anyone with access to their own on-chain crypto wallet to gain exposure to virtually any asset. By utilizing HZN as collateral, users will experience no slippage or liquidity issues normally faced when using conventional DEXs.
