What Is it? 

An on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains.

About Bancor

Bancor Network is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain. It is an open-source standard for liquidity pools, which in turn provides an endpoint for automated market-making (buying/selling tokens) against a smart contract.

Launched in June 2017, Bancor has amassed a total value locked (TVL) of $961.84m as of 28 April 2022 and is currently only available on Ethereum.  

Products

Tokens and Tokenomics

Supply and Distribution

Appendix

  1. Bancor Documentation – https://docs.bancor.network/about-bancor-network/bancor-v3
  2. Single-Side Exposure LPs – https://blog.bancor.network/proposing-bancor-v2-1-single-sided-amm-with-elastic-bnt-supply-bcac9fe655b
  3. Single-Side Staking Guide – https://blog.bancor.network/bancor-v2-1-staking-for-defi-dummies-f104a6a8281e
  4. BNT token address – 0x1F573D6Fb3F13d689FF844B4cE37794d79a7FF1C

Interested in finding out more? Check out our other protocol guides and Learn DeFi articles to get started with DeFi. Alternatively, browse our research Insights for more in-depth analyses on the DeFi space. You can also try Harvest, our flagship product, to get a comprehensive analysis of your DeFi assets. Subscribe for our updates below!