Bancor introduced a complex but useful lending and token burn mechanic through its vBNT token.
Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools.Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow funds while continuing to obtain yield from swap fees.The Vortex mechanism reworks the existing mechanism of vBNT, a special version of the BNT token that entitles users to participate in governance. The voting token is automatically received when staking BNT into a liquidity pool, and it can be defined as Bancor’s pool token.The Vortex proposal adds functionality to vBNT, creating an infrastructure that allows users to sell the token for the original BNT. Once vBNT is converted, users can exchange it into any other asset.The vBNT sale mechanism makes Vortex a no-li
‘My life has been disrupted’: Atomic Wallet users lose more than $35 million in hack
The largest individual loss was approximately $8 million, according to blockchain sleuth ZachXBT. Read More Czytaj więcej We…
