c. Acquire zUSD
Traders need to deposit funds to the margin account in order to start trading futures on Horizon Protocol. Horizon Protocol uses its native stablecoin zUSD for trades. There are three methods for acquiring zUSD: -Swap & deposit stablecoins using 1inch
The easiest way is to deposit popular stablecoins (USDT, USDC, BUSD, DAI) directly into your margin account, automatically swapping to zUSD via 1 inch in a single transaction.
Enjoy zero slippage, deep liquidity, and low fees while maintaining custody of your funds.
-Swapping between USDC/zUSD or BNB/zBNB on Wombat Exchange Wombat Exchange offers competitive swap fees, currently set at just 0.01%. Additionally, the presence of their specialized algorithm helps maintain a balanced pool, resulting in low slippage. Yield can be earned by providing liquidity on Wombat Exchange, detailed instructions on becoming a liquidity provider can be found in this how-to guide. Visit Wombat Exchange to acquire zUSD.
-Stake HZN and mint zUSD By acquiring HZN and staking it directly into the protocol, you can mint/borrow your own zUSD. Staking also allows you to earn trading fees generated by the exchange and HZN generated by the token’s monetary inflation policy. zUSD minted by staking HZN is overcollateralized to ensure collateralization security of the zAsset market. This method is not the most collateral-efficient way to get zUSD, but it comes with a high-yield return by staking HZN. Learn how to stake HZN and mint zUSD.
Now you have zUSD to trade on Horizon Protocol. Let's set up your account!
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