The Currency Analytics
By Steven Anderson
Bancor Network (BNT) Third Party Audits
The Liquidity Pool also known as the Dynamic Automated Market Maker (DAMM) has been introduced in BancorV2.
The staking feature of this new pool permits automated market making. However, the staked asset should be supported by a reliable oracle.
The Medium article describes the core concepts of V2 pools:
Every v2 pool is anchored to two pool tokens. Thus every pool will have one token for reserve.
Bancor tweeted: “As the launch of #BancorV2 approaches, we are excited to announce the open-sourcing of Bancor V2 contracts with a public bug bounty.”
Sydney Ifergan, the crypto expert tweeted: “The Bancor network is all talks about the liquidity pool and the Bancor V2.
The launch of Bancor V2 is has come close. The team have already invited the community look in to their code to help identify any vulnerabilities that they may find.
The code features several improvements, which will be of used to both the users and the liquidity providers of the protocol. Third party audits are ongoing.
Until, July 30th the rewards are set to boost by 20% up to a $54,000 maximum payout. The bounty is set to continue after the two-week period; however, the maximum reward…