Tag: bancor

Jan 12 2021

Bancor Liquidity Increased 1000% After v2.1 Launch Amidst Incoming Polkadot And L2 Integrations

Bancor - the automated market maker (AMM) protocol has massively increased it's total liquidity by 1000% to reach a significant figure of $175M, official report revealed citing a period from Oct-24 '20 to Jan-06 '21. This improvement came at the helm of Bancor v2.1 release and the launch of liquidity mining program, which saw the liquidity of the platform go up from ~$20M...

Nov 20 2020

Bancor Network – What You Need To Know and How To Use It

The Bancor Network is based on the Bancor Protocol that consists of a network of smart contracts, also known as “liquidity pools” in general, to perform algorithmic token trades and pooling of on-chain liquidity to perform peer-to- contract trades in a single transaction with no counterparty. The platform launched its version 2 protocol upgrade in...

Oct 20 2020

Bancor V2.1 Live on Ethereum Mainnet

Popular decentralized platform Bancor has recently announced the launch of its v2.1 upgrade on the Ethereum mainnet. The Bancor v2.1 upgrade also passed the community vote on October 19, 2020. Now liquidity pools (LPs) can easily stake their tokens with "single-sided AMM." Stakers will also enjoy earnings with zero possibility of impermanent loss. Simply put, Bancor v2.1 provides two main features, namely:...

Oct 13 2020

Bancor (BNT) to Introduce Protected Pools in DeFi

Bancor, the on-chain liquidity protocol has proposed a promising solution to the lingering issue of impermanent loss in DeFi protocols. According to the official proposal, Bancor v2.1 will facilitate liquidity protection and single-sided exposure. With these two key features, Bancor promises to offer something unique to build a sustainable and profitable protocol. Impermanent loss is often explained as a difference between holding a...

Sep 25 2020

The Top 5 Decentralized Exchanges (DEXs)

The blockchain field and the crypto-verse are witnessing a revolution. This time, it’s the rise of decentralized finance (DeFi) facilitated by the decentralized exchanges (DEXs). Lately, the DEXs have been stealing significant user base from their centralized counterparts, generating traffic and fees for their...

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