by BancorDAO
Quick Fact
Bancor introduced the first automated market maker (AMM) in 2017, laying the foundation for modern decentralized exchanges.
Bancor is a decentralized liquidity protocol that enables automated, on-chain trading and liquidity provision. Governed by the BancorDAO and powered by the BNT token, Bancor offers innovative features designed to enhance the DeFi experience for users and liquidity providers alike.
Unlike traditional AMMs that require providing two tokens, Bancor allows users to provide liquidity with just one token, simplifying the staking process and reducing exposure to multiple assets.
Bancor offers protection against impermanent loss, ensuring that liquidity providers can withdraw their initial stake even if token prices fluctuate.
The Omnipool consolidates all tokens into a single pool, enhancing capital efficiency and enabling seamless trades across different assets.
Bancor's flagship product, Carbon DeFi, introduces advanced trading strategies with automation and orderbook-like features, offering users greater control over their trades.
Bancor is governed by the BancorDAO, where BNT token holders can propose and vote on protocol upgrades, fee structures, and other key decisions. The protocol's open-source nature encourages community participation and continuous innovation.