Market Cap$82.0M

24h Trading Vol$9.1M

Total Supply$112.5M

Circulating Supply$112.5M

All Time High$10.72

Holders

Liquidity

Fully Diluted Valuation (FDV)

Contracts

0x1f57...ff1c

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Ethereum

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BNT

USD

Where to Buy:

OKX

Fundamentals

What is Bancor Network and how does it work?

Bancor Network is a pioneering DeFi ecosystem of decentralized protocols focused on on-chain trading and liquidity. It operates through its Automated Market Maker (AMM) powered exchange, Carbon DeFi for advanced asymmetric liquidity and orderbook-style features, and Arb Fast Lane for sophisticated arbitrage. Users can create any trading pair, execute precise on-chain limit orders, and benefit from automated liquidity rotation. The bnt token holders manage the Bancor DAO, governing protocol updates and fostering a community-driven approach. This design provides powerful tools for market makers and traders.

What problem does Bancor Network solve?

Bancor Network addresses critical challenges in decentralized finance, including restricted liquidity, inefficient order execution, and the need for sophisticated automation. It solves these by enabling unrestricted liquidity pairing for any two tokens, precise on-chain limit orders, and hands-off automated liquidity rotation. Its Arb Fast Lane technology ensures ecosystem-wide price parity by combating fragmentation and liquidity inefficiencies. Furthermore, Carbon DeFi offers advanced features like MEV sandwich attack resistance and zero trading fees for makers, creating a safer and more efficient trading environment for users.

What are the main use cases for bnt token?

The primary use case for the bnt token is governance within the Bancor Network. As a decentralized autonomous organization (DAO), Bancor Protocols are managed directly by the Bancor DAO, which comprises global BNT token holders and their delegates. Holders of bnt have the power to propose and vote on key protocol decisions. These include token whitelistings, adjustments to trading liquidity limits, changes in fee structures, and Bancor Improvement Proposals (BIPs), ensuring community oversight and decentralized control over the project's evolution.

How does Bancor's impermanent loss protection work technically?

Bancor's impermanent loss protection (ILP) uses a dynamic fee algorithm that accumulates compensation for LPs based on pool performance duration. For each day an LP remains staked, the protocol allocates 0.25% of their position value as IL coverage, claimable upon withdrawal. This coverage is funded through swap fees and exit penalties. Crucially, protection accrues exponentially over time, incentivizing long-term liquidity provision. The system underwent upgrades after V3 to incorporate co-investment models where projects like DAPP Network provision external IL funds.

What distinguishes Carbon DeFi from traditional AMMs like Uniswap?

Carbon DeFi fundamentally reimagines AMM architecture by eliminating liquidity pools entirely. Instead, it utilizes linked limit orders with asymmetric liquidity distributions, allowing: 1) Custom price ranges for concentrated capital efficiency; 2) Auto-rebalancing liquidity where filled orders fund counter-positions; 3) Zero-slippage execution through MEV-resistant transaction bundling; 4) Gasless order management via off-chain signature schemes. This contrasts with Uniswap V3's static concentrated positions by enabling dynamic strategy adjustments without on-chain transactions.

Can BNT tokens participate in governance without staking?

No, governance participation requires converting BNT to vBNT through a non-reversible smart contract interaction. This voting token grants: 1) Proportional voting power based on vBNT holdings; 2) Ability to delegate votes; 3) Rights to propose protocol upgrades. The governance system evolved from Snapshot-based voting to gasless on-chain execution via Syncvote integration, reducing participation barriers. Critical decisions like pool whitelisting require supermajority approval, with recent proposals achieving 93-97% consensus rates.

How does Bancor prevent liquidity fragmentation across chains?

Bancor's Arb Fast Lane creates unified price discovery across ecosystems through: 1) Real-time monitoring of 12+ DEXs per chain; 2) Atomic arbitrage execution when price deltas exceed threshold; 3) Fee-capturing mechanics returning value to BNT stakers. This system became Sei's 5th largest gas consumer by maintaining inter-exchange equilibrium. For cross-chain assets, Bancor utilizes DAPP Network's bridging technology where BNT liquidity pools serve as collateral, ensuring consistent asset pricing regardless of native chain.

What security mechanisms protect Bancor against protocol-level exploits?

Bancor implements a multi-layered security framework: 1) Time-locked admin functions requiring multi-sig approvals from 5/8 technical custodians; 2) Real-time transaction simulations using proprietary MEV bots to detect attack vectors; 3) The BNT Anti-Theft Override allowing emergency fund freezing during verified breaches (activated during 2018 exploit). Additionally, all protocol upgrades undergo formal verification through CertiK and multiple internal audit rounds, with $60M+ in historical bug bounties paid.

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Bancor Net...

bnt

$0.7287

▲ 0.89%

Bancor Network is a pioneering decentralized finance (DeFi) project that has innovated on-chain trading and liquidity solutions since 2017. As an ecosystem of decentralized, open-source DeFi protocols, Bancor features the first fully decentralized Automated Market Maker (AMM) powered exchange. Its core offerings include Bancor AMM, Carbon DeFi for advanced orderbook-style trading with asymmetric liquidity, and Arb Fast Lane, a sophisticated arbitrage infrastructure. Bancor empowers professional market makers, token projects, retail traders, and liquidity providers with precise, automated strategies, unrestricted liquidity pairing, and MEV-resistant trading. Key features like on-chain limit orders and automated liquidity rotation minimize manual effort. The project’s technology is deployed across multiple blockchains including Ethereum, Sei, and Celo, fostering ecosystem-wide price parity. The bnt token holders govern the Bancor DAO, managing protocol upgrades and parameters, making bnt central to its decentralized governance model.

Bancor Network Price prediction (AI analysis)

Deep Research

Latest developments in Bancor Network

Bancor Network

bnt

$0.729

0.89%

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