Bamboo Relay is a decentralized crypto exchange offering margin trading and credit card deposits via Carbon. But in 2025, its low liquidity and lack of updates make it a niche tool for experienced DeFi users-not beginners.
bZx Crypto: What It Is, How It Worked, and Why It Matters Today
When you hear bZx, a decentralized finance protocol that enabled peer-to-peer lending, borrowing, and margin trading on Ethereum. Also known as bZx Protocol, it was one of the first platforms to combine automated market makers with smart contract-based leverage—letting traders borrow crypto to amplify positions without needing a bank or centralized exchange. Unlike traditional lending, bZx didn’t hold your assets. It used smart contracts to match lenders and borrowers directly, cutting out middlemen and lowering fees. This wasn’t just tech for tech’s sake—it gave real control back to users, even if the interface was clunky and the risks were high.
bZx didn’t just let you lend ETH or DAI. It let you borrow against your holdings to trade on margin, short tokens, or even earn interest by supplying liquidity. That made it a favorite among DeFi power users in 2020 and 2021. But it also became a target. In 2020, hackers exploited a flaw in its oracle system and stole over $60 million worth of crypto. The team responded fast—frozen funds, patched the漏洞, and reimbursed users with their own tokens. That move saved trust, but the damage stuck. People started asking: if a DeFi protocol can be drained so easily, is it really safe?
After the attack, bZx shifted focus. It stopped being a trading hub and became more of a lending infrastructure. Its token, bZx Token (bZx), the governance token that let holders vote on protocol upgrades and fee structures, lost most of its value. Meanwhile, newer protocols like Aave and Compound rolled out better security, cleaner interfaces, and bigger liquidity pools. bZx didn’t vanish—it just got quiet. But its ideas? They’re everywhere now. Margin trading on DeFi? That started with bZx. Automated lending pools? It helped prove they could work. Even today, if you’re using a platform that lets you borrow crypto to trade, you’re using a concept bZx helped build.
What you’ll find below isn’t a tribute to bZx’s glory days. It’s a look at what happened after the hype faded—the scams that copied its name, the tokens that pretended to be its successor, and the real DeFi tools that learned from its mistakes. Some posts show you how to spot fake bZx airdrops. Others explain how modern lending protocols fixed the flaws bZx couldn’t. This isn’t about nostalgia. It’s about understanding what went wrong so you don’t get burned again.