“IntoTheBlock indicators” is launched in Bancor.  This is a new trading interface.

Bancor recently announced that they are planning to integrate Chainlink keepers as a part of Bancor’s upcoming V3 update to simplify the staking experience further for liquidity providers and automate advanced trading features for Bancor users.

For clarity, Chainlink Keepers is a decentralized service which makes use of low-cost, verifiable off-chain computation to automate on-chain processes, when the predefined conditions are met.

As a result of this Bancor V3 will be able to remove manual maintenance for end-users who make use of simple automated processes, thus making it even easier to earn passive yield on assets in a set-and-forget fashion without impermanent loss.

Bancor is the first mover in the AMM space, and it was launched in 2017.  Its Bancor v2.1 release reimagined, the AMM design to mitigate two of their biggest problems, impermanent loss (IL) and unwanted exposure to two assets.

Bancor v2.1 solves these issues through dynamic issuance of the BNT token with single-sided Liquidity.   Liquidity Protocols deposit one asset into a pair, with Bancor providing a proportionate amount of BNT. This permits LPs to generate yield only on assets on which they want to have exposure on.

Impermanent Loss Protection is provided by using the fees generated on the BNT provided to trading pairs.  BNT is resupplied to LPs incurring IL. As a result, LPs can obtain 1% of IL coverage/day, fully offsetting their risk over 100 days.

Bancor has grown significantly to annualized protocol revenue of $22.8M based on the past 30 days, making it the 10th highest-earning protocol on Ethereum. In addition, Bancor is working their V3 with a novel mechanism in the core AMM model, focusing on maximizing yield for passive LPs.

For those who are new: Bancor V1 invented the AMM; Bancor V2 protected LP capital; Bancor V3 maximizes passive yield. Ever since, decentralized, Liquidity has never been the same. BNT is the token based on the Ethereum platform.

Bancor (BNT) provides a platform that encourages the trading of crypto assets, which will need predictable Liquidity on trades in some way or other.  Bancor platform makes use of smart contracts to make Smart Tokens, which helps in converting different ERC-20 tokens to other ERC20 tokens. In addition, Bancor Protocol has a well-established standard for another age of digital forms of money known as Smart Tokens.

Users can earn interest on their favorite tokens by staking them in Bancor’s decentralized exchange.

Bancor is owned and operated by its community as a decentralized autonomous organization (DAO). The Bancor Protocol is governed via a democratic and transparent voting system that allows all stakeholders to shape Bancor’s future.