Bancor Will Bring Its Liquidity Protocol to Polkadot

Bancor Will Bring Its Liquidity Protocol to Polkadot

By Abhimanyu Krishnan | News | 2 Feb 2021

The Bancor Network (BNT) team announced in a blog post published on Feb. 1 that it will bring its liquidity protocol to the Polkadot (DOT) network.

  • The implementation is expected to allow users to trade between Polkadot and ERC-20 tokens using Bancor Network
  • Features would include creating new pools, liquidity provision and the ability to perform cross-chain swaps, all through the blockchain agnostic asset BNT
  • LiquidApps is building the bridge between Ethereum and Polkadot, and anyone will be able to run lite nodes from within a browser
  • No timeframe has been offered for the solution, but the Bancor team expects that this will be the first of many steps towards making Bancor a multi-chain protocol
  • Bancor has released multiple features and upgrades since its listing on Coinbase Pro in Dec. 2020
  • These improvements include a liquidity mining program and the Bancor v2.1 upgrade, which reduces the impermanent loss that accompanies staked liquidity

How do you rate this article?



Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.