Bancor is the world's first decentralized trading protocol, allowing traders, liquidity providers, and developers to participate in an open market with no entry barriers. The use of the open-source Bancor protocol is not restricted.
The Bancor protocol was created as a response to the low-interest rates offered by traditional bank products. Bancor users can invest their cryptocurrencies in this product and earn interest from market-making fees generated. Bancor is essentially a savings product that allows you to earn passive income from your capital.
Due to the current state of DeFi, users can currently earn approximately 60% per year with the Bancor Network Token.
0:44 ELI5: What exactly is Bancor, and why should I care about it?
2:43 What kinds of assets can I invest in, and how much can I earn as a user on Bancor?
4:08 What is the source of the Bancor Network Token's (BNT) 60% interest rate?
15:14 What sets Bancor apart from Uniswap and SushiSwap as an automated market maker, and what gives Bancor its unique ability to provide only one side of the market?
19:39 How does Bancor protect against impermanent loss?
26:28 Bancor's history as one of the first DeFi projects, long before the term "DeFi" was coined
29:48 The definition of a ‘community currency’
33:00 Bancor’s innovations and role as a pioneer in the crypto space
42:01 The elegance of Uniswap V3
44:57 The weak points of Uniswap V3 and how Bancor approaches them in a different way
48:48 The upcoming release of Bancor V3