Bancor
An ecosystem of decentralized, open-source DeFi protocols that foster onchain trading and liquidity.
An ecosystem of decentralized, open-source DeFi protocols that foster onchain trading and liquidity.
Bancor deployed its Carbon protocol to the Ethereum mainnet, offering asymmetric liquidity with on-chain limit and range orders, MEV-resistant spot trading, and no reliance on oracles or keepers.
Citing 'hostile market conditions' and 'manipulative behavior,' Bancor temporarily paused its impermanent loss protection feature and stopped new deposits, a major governance-driven decision amid the 2022 market downturn.
Bancor released version 3, its 'ultimate automated DeFi liquidity solution,' featuring single-sided staking with no impermanent loss, auto-compounding, and dual rewards, launching with partners including Polygon, Synthetix, and Yearn.
Bancor v2.1 introduced single-sided liquidity provision and impermanent loss protection via an elastic BNT supply, a landmark upgrade that drove a large increase in protocol TVL.
Bancor deployed its second-generation AMM, introducing dynamic pool parameters aimed at single-token exposure and impermanent loss mitigation.
An attacker compromised a wallet used to upgrade smart contracts and stole roughly $13.5 million in cryptocurrency (initially reported as ~$23.5M), though Bancor froze the stolen BNT to limit the damage.
Bancor's Token Generation Event concluded after roughly three hours, raising about $153 million in ether — at the time the largest token sale in history.
Bancor published its whitepaper outlining an automated market maker protocol for smart-contract-based tokens, written by Eyal Hertzog, Guy Benartzi, Galia Benartzi, and Yudi Levi.
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