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

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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