|Total Value Locked||24H|
|in ETH||642.6K ETH||+0.6%|
|in BTC||39.1K BTC||-0.5%|
|ETH Locked||90.4K ETH||+1.1K ETH|
|% Supply Locked||0.08%|
Bancor is a protocol on Ethereum for non-custodial token exchange using pooled liquidity. Like Kyber and Uniswap, Bancor doesn’t use order books, which means users can trade without the need for a counterparty. Bancor employs an algorithmic market-making mechanism through the use of “Smart Tokens,” which ensure liquidity and accurate prices by maintaining a fixed ratio vis-à-vis connected tokens (e.g., ETH) and adjusting their own supply. After a record-breaking ICO in June 2017, Bancor launched its web interface for decentralized exchange in October 2017. In September 2018, Bancor expanded beyond Ethereum to offer exchange with EOS and POA Network. Bancor has a native token called Bancor Network Token (BNT), which serves as a Smart Token hub that connects all other tokens in the Bancor Network, enabling instant trades among any asset supported by Bancor.
The best way to use the Bancor Network is through Bancor’s native web app at bancor.network. The Bancor wallet supports conversion to non-ETH-based tokens.
Non-fungible tokens (NFTs) took over the world in 2021. While some people still can’t fully grasp their value proposition, they are an obsession for many others. Artists, collectors and investors have found fertile ground in the blockchain space, where they can trade and speculate on the price of intangible assets. And more importantly, do it …
The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. We’re back with another thought-provoking chat. This time we had the chance to talk with Sunil Srivatsa, Founder of Saddle, about the …
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DODO is a decentralized exchange (DEX) platform powered by a unique Proactive Market Making (PMM) algorithm. DODO’s PMM algorithm was developed entirely in-house by the DODO team iterating on the design of Automated Market Makers (AMMs) to improve capital efficiency, reduce impermanent loss, and minimize slippage for traders. Inspired by their previous work on DDEX, …