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The Bancor Vortex, launched early last year, collects a protocol-wide administration fee from liquidity providers. In version 2, the vortex collected fees in various tokens, which were then exchanged for BNT. The BNT was then used to buy and burn vBNT, ultimately reducing the circulating supply of BNT. Source
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The Grayscale Investment manager undertakes another phase of balancing its Grayscale DeFi fund. This round of rebalance inculcate the adjustment of the project’s Digital Large Cap Funds. This move marks its second balancing process after its launch in July 2021. An announcement on January 3 revealed the in-depth adjustments to Grayscale’s
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By enabling payments through the Flexa network, supporting merchants can more easily and trustlessly accept payment in BTC, ETH, and other digital assets. The Flexa network is one of a number of projects intended to accelerate the development of the blockchain into a mature peer-to-peer money system, according to Grayscale. Original
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The price of BNT, the native token of Bancor, surged 86% in merely two days from $1.02 to $1.919. The rally was fueled by a combination of Coinbase listing BNT and the growing volume of Bancor’s DEX.The Coinbase listing was the primary catalyst behind BNT’s strong 48-hour rally. Almost immediately
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