VC Fund DeFiance Capital Joins Bancor Protocol as Strategic Advisors
Crypto Guide
Live News

Keeping up with all the cryptocurrency news and updates is not an easy task, but we are up to the challenge! This way we can help our readers to keep track of changes in these fast growing currencies. Just like our site, lambo2btc.com is willing to face this challenge and on their site, they compile the features, key elements, and recent news involving bitcoin casino sites and which are the best to try!

VC Fund DeFiance Capital Joins Bancor Protocol as Strategic Advisors

March 19, 2021      Jafrin Ahmed

Crypto-focused venture capital fund, DeFiance Capital is joining Bancor protocol as strategic advisors on tokenomics, financial and institutional liquidity management. The joining of DeFiance comes at a crucial time in Bancor’s development and the overall DEX ecosystem.

DeFiance Capital Thrilled to Join Bancor Protocol

Through Bancor’s native BNT token, DeFiance will provide the protocol with liquidity in return for exchanges’ fees and cash mining income.

The current Bancor v2.1 offers users for collecting attractive yields from their favorite token via swap fees and awards and offering single-asset exposure.

READ  Gemini Exchange Adds Support for DeFi, Gaming and NFT Tokens

Bancor’s next release includes Bancor Vortex, the native lending engine of the protocol with gasless transactions, and a new pool design for stablecoins.

The protocol will also extend its BNT liquidity mining program for joint liquidity mining, increase incentives for BNT holders for increased participation of miners, and lower the entry barriers.

Over the past month, the overall value of digital assets locked in the Bancor Protocol has doubled. The DeFi protocol has entered the top 10, total value locked projects and is currently the fifth-largest in decentralized exchange in the space.

Bancor is a blockchain protocol that enables easier token conversions. Users can directly convert between different tokens instead of exchanging them on cryptocurrency markets. It pioneered the Automated Market Maker (AMM) model on Ethereum.

Bancor is the Largest DeFi-based Fund in Asia

Bancor invented the world’s first blockchain-based automated liquidity pool, or automated market maker (AMM) called a Smart Token that enables automated, decentralized exchange on the Ethereum and across blockchains.

READ  Crypto Forecasts that Became the Talking Point of 2020

DeFiance Capital is a Singapore-based DeFi-focused crypto asset fund. It’s the largest DeFi fund in Asia with over $300 million in assets under management (AUM). The firm’s active portfolio consists of at least 19 startups and protocols across six verticals.

The investment fund provides DeFi based leadership and guidance in critical aspects such as token economics, governance scaling, and community building.

#Bancor #BNT #DeFiance Capital
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.