How Chainlink Powers bZx’s Multichain Growth Strategy

As the world of decentralized finance (DeFi) becomes more multichain, DeFi protocols are increasing their total value locked (TVL) by expanding across different blockchains. Providing fast, secure, low-cost decentralized services (lending, borrowing, margin trading) to more DeFi users requires an oracle solution that supplies high-quality, tamper-proof data to various blockchains.

One such protocol is bZx, which connects lenders, borrowers and traders in a growing DeFi ecosystem. In 2019, bZx launched two core products – Fulcrum, a DeFi margin trading and lending platform, and Torque, a tool for borrowing assets with indefinite-term loans and fixed interest rates – on the Ethereum blockchain. In April 2021, bZx expanded these services to Binance Smart Chain (BSC). In May, bZx announced its launch on Polygon’s layer-2 scaling solution.

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