Bancor's 2.1 Update is a Huge Milestone for AMMs

By Abhi_nan | News | 21 Oct 2020

On October 18, Bancor Network (BNT) launched its 2.1 update on the mainnet, bringing with it some major features including an Automated Market Maker (AMM) and a new governance token.

The Bancor 2.1 upgrade introduces a single-sided AMM with an elastic BNT supply that protects users from impermanent loss
Bancor’s 2.1 upgrade was first announced on October 13; the tokenomics upgrade received approval from the governance community on October 18
Users will gain liquidity protection in addition to the fees collected from swaps; the longer a user stays in a pool, the more protection it offers against impermanent loss
More than 60 ERC20 tokens will be supported as a part of these protected pools; Users will earn the vBNT governance token by staking funds