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Horizon Protocol is a new DeFi platform that facilitates on-chain transactions of synthetic assets representing the real economy. Horizon Protocol seeks to provide exposure to real-world asset risk/reward profiles through smart contracts on the blockchain. As a branch of syntix, Horizon Protocol will leverage time-tested derivative liquidity protocols to bring interoperability, scalability and new tradable, real-world derivatives to the DeFi ecosystem. The Horizon protocol is committed to the local implementation of the Binance ecosystem and Binance Smart Chain (BSC), providing users with the speed and reliability currently lacking on the Ethereum blockchain.
Horizon Protocol Token (HZN) drives financial incentives for Horizon Protocol participants. HZN serves as part of the synthesis of tradable synthetic assets (zAssets) as collateral, driving the reward system and ultimately promoting the DAO, which will manage the entire protocol and future developments. By deriving from the syntix protocol, the Horizon protocol can be built on the progress others have made first while focusing on solving challenges related to scalability and affordability.