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Decentralized Protocol Bancor Announced BNT Liquidity Mining

Amy Liu

Summary: Bancor (BNT), a decentralized trading protocol, announced a liquidity mining program to attract new liquidity. It will support 6  Large-Cap tokens(ETH, WBTC, USDT, USDC, DAI, LINK) and 2 Mid-Cap tokens(OCEAN and renBTC). Every two weeks, two new tokens can be added to the program. Once activated, a token’s pool will receive BNT rewards for 12 ...

Bancor (BNT), a decentralized trading protocol, announced a liquidity mining program to attract new liquidity. It will support 6  Large-Cap tokens(ETH, WBTC, USDT, USDC, DAI, LINK) and 2 Mid-Cap tokens(OCEAN and renBTC). Every two weeks, two new tokens can be added to the program. Once activated, a token’s pool will receive BNT rewards for 12 consecutive weeks.

The entire program is expected to last a total of 72 weeks.Starting today, November 16, 2020, any user who is providing protected liquidity to a proposed rewards pool (ETH, WBTC, USDT, USDC, DAI, LINK, OCEAN or renBTC) will receive retroactive BNT rewards when the program eventually launches.

By Amy Liu

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