Bancor is one of the original automated market makers (AMMs) in the decentralized finance space, launched in 2017 following a notable Initial Coin Offering (ICO). The protocol facilitates the permissionless, on-chain exchange of various cryptocurrencies through user-funded liquidity pools. Its mission is to enable an accessible and liquid token economy. Historically, Bancor pioneered features like single-sided liquidity provision and impermanent loss protection to incentivize participation. The protocol is governed by the BancorDAO, where holders of its native token, BNT, can vote on proposals to direct its future.

Founded in

Switzerland