Bancor Network Token
BNT
Signals
Bancor Network Token
Adam Abrams, Head of CommunityBancor Progress Update: 📈 TVL hits $1.6B 💸 $161M $BNT rewards paid—80% re-staked 🌪 Full Vortex 🗳 Gasless voting ⚖️ Limitless stablecoin pools 💎 Origin pools 4 #DeFi gems 💳 Fiat ramp 🚨 Limit orders 🌊 New LM pools: $ROOK $UNI $ALPHA $GRT $ENJ $MATIC blog.bancor.network/bancor-progress-update-march-2020-73007ed5a03a
Bancor Network Token
Adam Abrams, Head of CommunityProgress update coming soon 👀 Here’s a preview of what’s being worked on ⛓ Contracts: 🔹 $vBNT fee burner (full Vortex) 🔹 Gasless voting 🔹 New stablecoin pool design 🔹 Tiered whitelisting for DeFi gems (Launch Pad) 📊 UI: 🔸 Fiat ramp 🔸 Limit orders 🔸 Trader incentives
Bancor Network Token
Adam Abrams, Head of Community🎉 🎉 🎉 🎉 🎉 $1 Billion TVL! 🎉 🎉 🎉 🎉 🎉 twitter.com/Bancor/status/1363564876979965954?s=20
Bancor Network Token
Adam Abrams, Head of Community🎉🎉 We're thrilled to announce the grand opening of the BNTEE.SHOP — a Bancor community initiative that lets you redeem real-world, limited Bancor swag by buying and burning each item's corresponding token. 🎉🎉 👕 Details: twitter.com/Bancor/status/1362470677387882500?s=20
Bancor Network Token
Adam Abrams, Head of Community🌪🌪🌪 Bancor Vortex is live! 🌪🌪🌪 Here's how to use it and what you need to know: blog.bancor.network/using-bancor-vortex-46974a1c14f9
Bancor Network Token
Adam Abrams, Head of CommunityBancor Progress Update: 📈 TVL +2000%—Volume +1500% 🤑 $23M $BNT rewards paid—85% staked 🌪 Vortex coming 🧢 Cap increases 🤝 Joint liquidity mining 🖍 UI redesign 💹 Limit orders 🛡 Shield mining @NexusMutual ⏫ L2 @offchainlabs ⛓ Crosschain @Polkadot blog.bancor.network/bancor-monthly-progress-update-february-2021-685e174f6537
Bancor Network Token
Adam Abrams, Head of CommunityWhat is Bancor & how does it work? Check out this community-created video to learn about Bancor's unique AMM features. Provide single-sided liquidity to earn swap fees, $BNT rewards & impermanent loss protection 👉 bancor.network twitter.com/Bancor/status/1359455683939356674?s=20
Bancor Network Token
Adam Abrams, Head of Community♦️ We’re thrilled to announce that work is underway on a cross-chain bridge to expand Bancor to @Polkadot! 🔴 The bridge is being built with @LiquidAppsIO & enables lightning fast cross-chain swaps between ERC20 & $DOT tokens. 🌉 More details: medium.com/@bancor/bringing-bancor-to-polkadot-4a9a0e996916 ---------------------- 🔴 Unlike existing bridges where nodes can cost 1000s or millions of $$ to operate, Bancor's bridge to $DOT uses lightweight nodes that can run in a simple web browser 🔴 This slashes the costs & setup time for new bridging agents—who can stake collateral & be paid in $BNT 🔴 The software underpinning the nodes is #WASM-based, & could be used to enable mesh networks across multiple ecosystems (eg, a contract on Ethereum could be called to send tokens from a @solana account to a @Polkadot account). More details & timelines to be shared soon!
Bancor Network Token
Adam Abrams, Head of Community💸 $BNT liquidity mining rewards are live! 💸 Users can now view, withdraw & stake BNT rewards to compound yield 👉 ban.cr/Rewards Staking rewards earns additional swap fees + $BNT rewards, which can also be staked 🔄 Details: medium.com/@bancor/bnt-liquidity-mining-rewards-how-to-re-stake-compound-yield-2ad40b45c002 #StakeItToMakeIt twitter.com/Bancor/status/1354421457087033349?s=20
Bancor Network Token
Adam Abrams, Head of CommunityThree months after Bancor launched single-sided liquidity & impermanent loss protection, we have released a report analyzing the growth and overall health of the protocol. Read the report: medium.com/@bancor/bancor-v2-1-protocol-health-report-january-2020-83338c904de0 Highlights 👇 ==== Total network liquidity increased almost 1000%, driving $4.48M USD in annualized swap fees. ==== The value of fees earned by the protocol exceeded the total cost of impermanent loss compensation by more than 5X. ==== About 30M $BNT was emitted by the protocol to match single-sided liquidity deposits. This BNT is not minted onto the external market. Instead, it is minted into the protocol’s pools, where it sits earning fees for the protocol until the BNT & accrued fees are eventually burned. ==== Increases to co-investment limits, as governed by the DAO, were correlated not only with rising liquidity & fees, but also increased APY. This suggests that in certain areas of the network, fees are growing faster than liquidity as pools become more competitive in the market. ==== New proposals currently in the late-stages of development by the BancorDAO are worthy of attention. This includes the proposed "Bancor Vortex", which seeks to enable users to stake BNT without taking on exposure to BNT volatility. More: gov.bancor.network/t/bip9-proposing-the-bancor-vortex/354