online resources

Bancor (BNT) Unveils $vBNT Burner to Boost User’s Lending Power

Bancor (BNT) has announced the introduction of the Bancor Vortex ($vBNT) burn program, which is designed to use five percent of swap fees on the protocol to purchase and burn the vBNT token. This way Bancor’s total value locked (TVL) will continue to rise over time, as swap volume increases, according to a blog post Read More

Continue Reading Bancor (BNT) Unveils $vBNT Burner to Boost User’s Lending Power

Bancor releases no-liquidation lending with Vortex as AMMs continue diversification

Bancor introduced a complex but useful lending and token burn mechanic through its vBNT token. Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools. Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow funds while continuing to obtain yield from swap fees. The Vortex mechanism reworks the existing mechanism of vBNT, a special version of the BNT token that entitles users to participate in governance. The voting token is automatically received when staking BNT into a liquidity pool,…

Continue Reading Bancor releases no-liquidation lending with Vortex as AMMs continue diversification

Uniswap and automated market makers, explained

Decentralized exchanges such as Uniswap have now become popular thanks to automated market makers, but what does it all mean? What are the risks and limitations of AMMs? Bugs, improper pricing and impermanent loss Despite some positive qualities, AMMs present certain risks and limitations. Hacks and vulnerabilities have already affected exchanges such as Uniswap and Balancer, where some liquidity providers saw their money stolen due to complex smart contract interactions. On the other hand, traders are exposing their strategy for the world to see, enabling front-runners to get their orders in first and exploit legitimate users. Related: Figuring Out Who’s…

Continue Reading Uniswap and automated market makers, explained

Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone and during the last seven days, $2.4 billion was swapped on these exchanges. Onchain data from Dune analytics shows that more than $2.4 billion in decentralized exchange (dex) swaps took place last week and $448 million worth during the last 24 hours. Dex stats from Dune Analytics shows 24-hour dex volumes for Saturday,…

Continue Reading Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights. Decentralized finance (defi) is a term used often these days as it describes a disintermediation trend in the world of finance. A very large portion of defi applications, tokens, and platforms are hosted on the Ethereum (ETH) network and defi’s massive growth has made the price of ETH swell. The defi ecosystem…

Continue Reading Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Decentralized Exchange Bancor Officially Launches Upgraded V2 Platform

After months of work, Bancor V2 finally launches promising to improve the user experience for both traders and liquidity providers. The Bancor project has launched a heavily upgraded version of its decentralized exchange, promising to solve what it calls “DeFi’s dirty little secret.”According to a blog post released on Friday, the contracts have been deployed to mainnet in a beta launch mode. Each pool will have its liquidity capped to $1 million until a “pool manager” permanently removes the limitation when it is confirmed safe.As Cointelegraph previously reported, the exchange mitigates the issue of impermanent loss, where liquidity providers could…

Continue Reading Decentralized Exchange Bancor Officially Launches Upgraded V2 Platform

Best Decentralized Cryptocurrency Exchanges (DEX)

Cryptocurrency trading is one of the essential niches in the industry. Each crypto holder has interacted with crypto exchanges at least once. If we look deeper into the current trading situation, we may discover several vital issues that bother traders – availability, transparency, and security. Centralized exchanges (CEXs) provide decent platforms in terms of UX/UI, enhanced trading features, and so on.  Still, they are intermediaries between users and blockchain. Most of the regular exchanges are custodial, which means they store users’ funds on their servers. It is not as safe as it seems, yet centralized crypto platforms try to provide…

Continue Reading Best Decentralized Cryptocurrency Exchanges (DEX)

Bancor Invites Bounty Hunters to Peek Into Its Code Ahead of V2 Launch

Bancor V2 is getting ready for release as it publishes both the code of its smart contracts and a bug bounty for researchers to report vulnerabilities. As the launch of Bancor V2 draws close, the team is inviting the community to take a look at its code and report any vulnerabilities they may find.On Friday, the project released the code for the Bancor V2 smart contracts, which feature a variety of improvements that help both the users and liquidity providers of the protocol.At the same time Bancor is also launching a bug bounty program to incentivize the community to find…

Continue Reading Bancor Invites Bounty Hunters to Peek Into Its Code Ahead of V2 Launch

End of content

No more pages to load