Bancor (BNT), launched in June 2017, is the native governance and utility token of the Bancor protocol, a decentralized, open-source ecosystem on the Ethereum blockchain and cross-chain networks like Arbitrum. Bancor pioneered automated market makers (AMMs) for on-chain trading and liquidity, with its flagship Carbon DeFi protocol enabling custom limit and range orders. BNT powers staking, governance, trading fees, and liquidity provision, with $1.1B in total value locked (TVL).

Key Features

  • Automated Trading: Carbon DeFi supports on-chain limit and range orders for automated “buy low, sell high” strategies.
  • Impermanent Loss Protection: Single-sided staking with up to 100% protection after 100 days.
  • Cross-Chain Support: Operates on Ethereum, Arbitrum, and BNB Chain, with Fast Lane enabling arbitrage.
  • Ecosystem: Supports 84+ trading pairs on Bancor V3/V2, with integrations on Coinbase and Binance.

BNT Token

  • Purpose: Used for staking, governance voting, liquidity provision, and fee collection in Bancor pools.
  • Supply: Circulating supply of ~115 million BNT, with a max supply of ~115 million (fully diluted due to elastic supply).
  • Contract Address: On Ethereum, BNT’s contract is 0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c (addable to MetaMask). CoinGecko CMC.

Who Are the Founders of Bancor?

Bancor was founded by Galia Benartzi, Eyal Hertzog, Guy Benartzi, and Yehuda Levy in 2017. Backed by a $153M ICO, the team pioneered AMMs, with Galia and Eyal driving DeFi innovation. The BancorDAO, governed by BNT holders, oversees development, supported by investors like DeFiance Capital.

What Makes Bancor Unique?

Bancor revolutionized DeFi with:

  • First AMM: Introduced AMMs in 2017, enabling trustless token swaps without order books.
  • Carbon DeFi: Offers irreversible, MEV-resistant limit orders, unlike Uniswap or Curve.
  • Fast Lane Protocol: Redirects arbitrage profits to liquidity providers, boosting yields.
  • Single-Sided Staking: LPs stake one token with IL protection, simplifying DeFi participation.

BNT Network Upgrades (2025)

  • Carbon DeFi V2 (Q1 2025): Enhanced limit order automation, increasing TVL by 20% to $1.1B.
  • Arbitrum Fast Lane (March 2025): Boosted arbitrage yields by 15%, attracting 5,000+ new LPs.
  • Meme Coin Madness (June 2025): Launched a trading competition with Seiyan, driving $100M in volume.

How Is BNT Secured?

Bancor and BNT are secured through:

  • Ethereum PoS: Leverages Ethereum’s Proof-of-Stake for transaction and smart contract security.
  • Audits: Stellar ratings from CertiK, PeckShield, and Halborn, with a 96% DeFiSafety score in 2021.
  • BancorDAO: BNT holders vote on upgrades, ensuring decentralized governance.
  • Elastic Supply: Burns excess BNT to offset impermanent loss, maintaining pool stability.

Conclusion

Bancor (BNT) powers a pioneering DeFi ecosystem, offering automated trading, impermanent loss protection, and cross-chain liquidity. With $1.1B TVL, Carbon DeFi, and integrations like Arbitrum Fast Lane, Bancor drives on-chain innovation.