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.
The BNTEE.SHOP is opening its doors with three t-shirt designs — BNTEE, BNVT and BNLM — each of which has a corresponding token based on a Bancor Bonding Curve.
THE TOKENS
BNTEE.SHOP tokens work in a similar way to Uniswap $SOCKS (currently worth around $90,000 a pair). As each token is bought, its value increases along an automated price curve. Burning one $BNTEE entitles you to redeem one physical BNTEE t-shirt. BNTEE.SHOP…
What You Need to Know
Summary
- You can now borrow against your staked BNT.
- Simply deposit BNT in any whitelisted pool, receive vBNT (similar to a pool token) and swap for other tokens on bancor.network
- You can do whatever you wish with the proceeds from the vBNT sale, including providing “leveraged” liquidity on Bancor to earn more fees & BNT rewards.
- vBNT is required to eventually withdraw your staked BNT from a pool, and you must be using the same wallet you staked with.
- Please use Bancor Vortex carefully and only after fully understanding the risks involved, explained in greater detail below.
Example scenario:
Since the launch of Bancor v2.1, TVL increased over 2,000% and monthly swap volume rose over 1,500%, as liquidity providers have rushed to take advantage of Bancor’s single-sided exposure and impermanent loss protection.
As the ecosystem expands, development is rapidly moving forward. This post covers recent progress & upcoming plans, including:
- BNT liquidity mining rewards: $23M+ in BNT rewards paid out to LPs so far; over 85% of rewards re-staked to the protocol
- Bancor Vortex: borrow against staked BNT and provide leveraged liquidity (phase 1); vBNT fee-burning (phase 2)
- Scaling Bancor v2.1: cap increases & streamlined token whitelisting
- Joint liquidity…
This guide shows you how to stake and earn wNXM (NXM) in the single-sided wNXM liquidity pool on Bancor v2.1.
Bancor v2.1 is a dramatic improvement over the existing AMM model, as LPs can now stay long on their tokens and avoid impermanent loss while providing liquidity. This “HODL + LP” strategy is designed to earn greater gains from both swap fees and liquidity mining rewards.
Single-sided liquidity
Bancor v2.1 allows liquidity providers to stake in the wNXM liquidity pool on bancor.network …
We’re excited to announce that work is underway on a cross-chain bridge that would allow Bancor to expand its decentralized liquidity protocol to Polkadot.
The implementation could eventually give users the ability to create pools, provide liquidity and perform trustless cross-chain swaps on Bancor between Polkadot and ERC20 tokens.
The Bancor protocol is designed to be chain agnostic. Since BNT is used in each of the protocol’s pools, it serves as the intermediary asset in every swap (e.g., LINK<>BNT<>USDC). …
Recap
- BNT liquidity mining rewards are live in the bancor.network front-end.
- Users can now view, withdraw and stake BNT rewards to compound yield.
- By staking BNT rewards, users can earn swap fees and additional BNT rewards, which can also be staked to earn more fees and rewards.
- Bancor’s single-sided liquidity pools allow users to easily stake BNT rewards without needing to stake tokens on the other side of a pool.
- This creates a positive feedback loop where users are incentivized to turn earned rewards into productive capital, while increasing the liquidity depth of pools in the protocol.
Visit the Protection tab…
Bancor v2.1 has been live for about three months. The new version of the protocol offers single-sided exposure and impermanent loss protection to AMM liquidity providers through the use of BNT.
The following report uses on-chain data collected October 24, 2020-January 6, 2021 to analyze the growth and overall health of the protocol. Additional protocol reports, live dashboards and network data will be made available to the community via bancor.network.
Highlights:
- Total network liquidity increased almost 1000%, driving $1.12M USD in cumulative swap fees ($4.48M annualized).
- The value of swap fees earned by the protocol exceeded the total cost of impermanent…
December was another record-breaking month for the Bancor ecosystem as swap volume and total liquidity locked reached all-time highs for the second month straight.
Since the launch of Bancor v2.1 in October, monthly volume has increased 470%, while total liquidity locked has increased over 670% (currently ~$130M).
This guide shows you how to stake and earn AAVE in the single-sided AAVE liquidity pool on Bancor v2.1.
Bancor v2.1 is a dramatic improvement over the existing AMM model, as LPs can now stay long on their tokens and earn swap fees without having to worry about price movements reducing the value of their stake.
Single-sided liquidity
Bancor v2.1 allows liquidity providers to stake in the AAVE liquidity pool on bancor.network and maintain 100% exposure to AAVE, instead of taking on exposure to a separate paired asset like ETH.
This allows LPs…
This guide shows you how to stake and earn SNX in the single-sided SNX liquidity pool on Bancor v2.1.
Bancor v2.1 is a dramatic improvement over the existing AMM model, as LPs can now stay long on their tokens and earn swap fees & rewards without having to worry about price movements reducing the value of their stake.
Single-sided liquidity
Bancor v2.1 allows liquidity providers to stake in the SNX liquidity pool on bancor.network and maintain 100% exposure to SNX, instead of taking on exposure to a separate paired asset like ETH.
This…
Bancor
Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains.
