$HZN Genesis Launched on 23rd July 2021 – APY of More Than 1000%
What is Horizon Genesis?
Horizon Genesis is a revolutionary new system that provides backing for Horizon Protocol and its assets. The HZN system offers the perfect solution because it extends mainstream DeFi into creating on-chain synthetic assets instead of just providing liquidity in existing ones like many other platforms do. This allows you to take advantage not only from high-demand cryptos but also investments such as stocks, bonds, and even real estate with one token!
What should you expect with its launch?
There is Horizon Protocol’s Inflation policy outlined here for you to look through, rewarding users for providing HZN as collateral on Horizon Genesis. The circulating supply of HZN presently is approximately 34.6 million, with about 61.7 million currently locked away in the community and ecosystem fund and an APY of more than 1000%. The Liquidity pools for HZN are Horizon Staker and HZN-BNB LP pool on Pancake Swap. The current APY for HZN-BNB on Pancakeswap is ~70% while the HZN-BNB LP pool on Horizon Staker is at ~126%.
You can read up on some of the features that Horizon Genesis has for you here. You will learn more about how to connect your BSC Testnet via Metamask or Binance Wallet.
Horizon Protocol documentation provides the information you need to begin benefiting from Horizon Genesis. Any further questions or suggestions can be made in their Telegram where they facilitate a community centric crypto project with complete community governance planned in the future when the project is more mature.
What are the developments for Horizon Genesis?
Horizon Protocol has been working tirelessly to ensure that Horizon Genesis is up to speed as it delivers on its end of the bargain. The updates for Horizon Genesis includes:
What developments ensure a smoother user experience on Horizon Genesis?
A System Manager for tracking user c-ratios and liquidations
Final tests prior to the launch concluded successfully:
What happened as the launch of Horizon Genesis approached?
Horizon Protocol intends to take the launch of Horizon Genesis to the next level. This launch will mark the beginning of HZN’s marketing campaign. The Marketing Campaigns include:
Horizon Genesis will be a complete success story from the strategy that Horizon Protocol has put in place.Get your HZN ready and join the Horizon Genesis train!
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