Bancor Dev Update for the week of May 2–7: Trading competition, pool space notifications, new fiat provider & more

Contracts

Backend


We’re thrilled to announce the launch of a new trader rewards program that awards Bancor traders with limited edition NFTs throughout the month of May.

Once a week—for the next several weeks—one limited edition NFT trophy will be randomly awarded to a bancor.network trader in each of the following 5 categories:

The Trophies


In April, Bancor continued to see rapid growth in trade volume, # of LPs and whitelisted assets.

This progress report is broken down into the following sections:

1. Key releases


Bancor Dev Update for the week of April 25–May 2

Releases

Contracts


Automated Yield Optimization

Late last year, Bancor released the first-ever single-sided liquidity pools protected from impermanent loss. …


How to use Bancor limit orders:

1. Go to BancorSwap

2. Select your trading option:

In the swap widget, toggle between “Market” price (execute a trade at the current price) or “Limit” (trade at a pre-determined price):


What is the Vortex Burner?

The…



DeFi investment fund DeFiance Capital has taken a position in the BNT token and will serve as strategic advisors to the Bancor protocol, advising on tokenomics, strategy and institutional liquidity provision.

DeFiance will use its BNT tokens to provide liquidity on the bancor.network and earn yield from swap fees and liquidity mining rewards, while enjoying impermanent loss protection.

“Bancor was the pioneer of the Automated Market Maker (AMM) model on Ethereum,” wrote members of the DeFiance team in a recent article on Bancor in Deribit Insights.

“Despite Uniswap’s runaway success and the rise of similar competitors such as SushiSwap, the…


The post provides a high-level overview of staking in single-sided liquidity pools on bancor.network

Contents:

Summary:

1. Single-Sided Liquidity

A user may provide liquidity to a Bancor pool with a single token and maintain 100% exposure to the token. In contrast, other AMMs require LPs to take on exposure to multiple assets. …

Bancor

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

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