BeToken and bZx announced the partnership: everyone can participate in cryptocurrency hedge funds

According to theOfficial reportsBeToken, an open protocol that connects money and cryptographic asset management talent, announced the partnership with bZx.

BeToken allows anyone to participate in encrypting hedge funds and helps users extract profits from the market that outperform the market average (Aplha excess returns). An important aspect of asset management is the ability to employ a variety of strategies in different market mechanisms. This includes the ability to short the market during bearish trends, as well as the use of hedging smart beta strategies that generate profits in any market mechanism.

BeToken associates with bZx, thereby extending its protocol capabilities and providing a wider range of tools for asset managers. BeToken will first be integrated with Fulcrum, the bZx platform for token margin loans (iTokens) and margin positions (ptoken). Asset managers will be able to interact with Fulcrum smart contracts within the BeToken platform, generating iTokens and ptokens directly. This will allow asset managers not only to adopt complex strategies, but also to exploit the time value of their assets.

BeToken

There are two common situations in the cryptocurrency market. One is that many people have the capital to invest in cryptocurrencies but do not have the expertise. Many others have expertise but no money. BeToken, on the other hand, is a community-owned, permission-free, uncensored encrypted hedge fund. Of course there are people who have the money and the expertise, but that's not the majority.

BeToken is dedicated to linking capital and talent, and talent and capital. BeToken gives control of capital to the best performing managers and rewards them accordingly, which means they will strive to maximize profits for the entire fund.

BeToken's vision is to make cryptographic investing effortless for investors and provide revenue opportunities for talented cryptographic traders.

bZx

BZx is a margin lending agreement designed to help DEXs, which complies with the 0x protocol on ethereum, have the same functionality as today's centralised exchanges. The bZx protocol allows DEXs, supported by the 0x and Kyber networks, to provide short selling and leverage. The agreement consists of an open base layer that performs the basic functions of escrow and interest payments, and a second layer that can be freely constructed to create advanced features for the base layer, including ultra-fast margin settlement and centralized lending. Products such as Fulcrum are built on basic protocols that allow you to mark loans, mark positions, and calculate interest rates.

The BeToken mainnet contract will start at the end of June, pending a successful security audit. For a small team with almost no money, this was a huge achievement. The BeToken team has made a significant contribution to governance and DAO research, and many consider BeToken one of the most exciting experiments in decentralized finance and governance. Also means BeToken intelligent contract will soon be under the supervision of Solidified.

For this agreement and the promotion of cooperation, both sides have shown great expectations and optimistic.

& have spent BZx's CVO Kyle Kistner said: "we are pleased that our software is integrated with BeToken's decentralized asset management protocol. This is another step in further consolidating standards in the region-centric asset management space." "Margin trading enables BeToken's fund managers to better navigate the market and build their positions, and Fulcrum will provide them with the best opportunities and fastest trading experiences. We are very excited," said BeToken's founders and CTO.

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