Bancor

There are a lot of failures in crypto and DeFi history. Exploits, hacks, and failure of models have all lead to billions in losses for average traders. Bancor, the original AMM, experienced such a failure in June of last year, just after launching their vaunted version 3 of their protocol. The destruction was indirectly caused by the very thing that drew so many people to it, Impermanent Loss Protection combined with liquidity mining. The difference between Bancor and many projects in DeFi is th...

Bancor for most of DeFi is the forgotten pioneer that built the foundations of everything we have in DeFi. The first AMM sprung forth from an attempt at building localized niche currencies and after being passed over by some for other AMMs like Uniswap, the project continued to build and develop a better way. Now years later, they are set to reveal a new version of Bancor that could dramatically change the DeFi landscape again and they are determined to never be forgotten again. Nate Hindman ...