Bancor

Impermanent Loss: What Is It and How Can I Reduce Its Impact?

Crypto Outperforms Traditional Markets With DEX Tokens Leading the Way: A Data Perspective by IntoTheBlock

## बैंकोर (BNT) क्या है?
 
 बैंकोर में स्मार्ट कांट्रैक्ट्स की एक शृंखला है जो टोकन के ऑन-चैन रूपान्तरण का प्रबंधन करती हैं। प्रोटोकॉल एक्सचेंज के माध्यम से जाए बिना टोकन को परिवर्तित करने की प्रक्रिया को आसान और त्वरित बनाता है। प्रोटोकॉल के स्मार्ट कांट्रैक्ट उन सभी तरलता पूल का प्रबंधन करते हैं जो नेटवर्क पे उपलब्ध विभिन्न टोकनों को जोड़ते हैं।
 
 नेटवर्क पर उपयोग किया जाने वाला मुख्य टोकन है "बैंकोर नेटवर्क टोकन"; BNT। वर्तमान में, बैंकोर और यूनिस्वैप इस नए DeFi ट्रेंड में सबसे आगे हैं।
 
 ### बैंकोर के संस्थापक कौन हैं?
 
 बैंकोर की स्थापना ईयाल हर्ट्ज़, यूडी लेवी और गालिया और गाइ बेनार्टज़ी ने 2017 में की थी। जॉन मेनार्ड कीन्स को सम्मानित करने के लिए इसे "बैंकोर" नाम दिया गया था, जिनहोने एक सूपरनेशनल मुद्रा का वर्णन करने के लिए यह शब्द दिया था।
 
 **ईयाल हर्ट्ज़ोग** प्रोटोकॉल, BNT, और नेटवर्क का उपयोग करने वाले अन्य उत्पादों के उत्पाद वास्तुकार हैं। वह क्रिप्टो उद्योग में एक जानी-मानी हस्ती हैं और 20 से अधिक वर्षों से एक प्रौद्योगिकी उद्यमी है। वे पहले मेटाकैफे की स्थापना कर चुके हैं, जो इज़राइल में 50 मिलियन से अधिक उपयोगकर्ताओं के साथ एक शीर्ष वीडियो साझा करने वाली साइट है।
 
 **गाइ बेनार्टज़ी** बैंकोर के मुख्य कार्यकारी अधिकारी हैं। उन्होने 2005 में माईटोपिया की सह-स्थापना भी की, एक कंपनी जो सोशल नेटवर्क के उपयोगकर्ताओं के लिए क्रॉस-प्लेटफॉर्म गेम बनाती है।
 
 **गालिया बेनार्टज़ी** कई वर्षों से एक प्रौद्योगिकी उद्यमी है, और बैंकोर प्रोटोकॉल की सह-संस्थापक है। बैंकोर में, वे व्यवसाय विकासकर्ता के रूप में काम करती हैं। वे पार्टिकल कोड की संस्थापक और सीईओ भी हैं।
 
 **यूडी लेवी** बैंकोर के CTO हैं। वे 20 से अधिक वर्षों से एक प्रौद्योगिकी उद्यमी हैं। उन्होने पहले एपकोइन की सह-स्थापना करी थी, एक अप जो समुदाओं को अपनी मुद्राएँ बनाने की क्षमता देती है।
 
 ### वह क्या है जो बैंकोर को खास बनाता है?
 
 बैंकोर नेटवर्क में उपयोग किए जाने वाले टोकन के निर्बाध रूपांतरण को सक्षम बनाता है। यह एक एक्सचेंज या तीसरे पक्ष के प्लेटफॉर्म की आवश्यकता को हटा देता है। प्रोटोकॉल नेटवर्क द्वारा समर्थित टोकन के लिए कई स्वशासी पूल भी रखता है।
 
 बैंकोर की विशिष्टता ऑल्टकोइन्स के लिए तरलता बनाने और तरलता प्रदाताओं को पारिश्रमिक देने के उनके लक्ष्य में है। प्रोटोकॉल नीरस रूप से विभिन्न क्रिप्टो टोकन को अन्य टोकन में परिवर्तित करता है, जिसमें अन्य ब्लॉकचेन पर चलने वाले टोकन भी शामिल हैं, वो भी बिना किसी तीसरे पक्ष के हस्तक्षेप के।
 
 प्रोटोकॉल का मुख्य टोकन BNT, नेटवर्क पर बनाए गए सभी स्मार्ट टोकन के लिए डिफ़ॉल्ट है। ब्लॉकचैन टेक्नोलॉजी के माध्यम से बनाया जाने वाला बैंकोर का स्मार्ट टोकन का निर्माण अपनी तरह का पहला टोकन है। स्मार्ट टोकन बनाने के लिए प्रोटोकॉल का मुख्य उद्देश्य तरलता की समस्याओं का स्थायी समाधान प्रदान करना है, इसलिए इसे अन्य बाजार निर्माताओं से अलग बनाना है।
 
 ### बैंकोर (BNT) के कितने सिक्के प्रचलन में हैं?
 
 जनवरी में, बैंकोर ने अपने मूल टोकन के लिए अधिक तरलता और जागरूकता लाने के लिए एक कदम उठाया। इसलिए, इसने जिन वॉलेट में न्यूनतम BNT रखा हुआ था उनमें 60,000 डॉलर मूल्य के कुछ ETH/BNT को विभिन्न वॉलेट्स में वितरित किया। 2017 में, प्रोटोकॉल ने अपने प्रारम्भिक सिक्का पेशकश के दौरान $ 144M से अधिक जुटाए।
 
 प्रोटोकॉल अन्य टोकन का हिसाब करने की क्षमता भी देता है। हालाँकि, यह टोकन (जिन्हें आरक्षित टोकन भी कहा जाता है) ERC-20 या EOS मानकों का पालन करते हुए होने चाहिए।
 
 बैंकोर का पारिस्थितिकी तंत्र एक दो तरफा टोकन मॉडल का समर्थन करता है: तरल टोकन और रिले टोकन।
 
 **एक तरल टोकन** एक स्वचालित टोकन है जिसमें एकल रिजर्व होता है जो खुद को छापता और नष्ट करता है। यह या तो अपने स्मार्ट कॉन्ट्रैक्ट में रिजर्व टोकन भेजकर या स्मार्ट कॉन्ट्रैक्ट से हटाकर ऐसा करता है। बैंकोर नेटवर्क का उपयोग करने के लिए, एक तरल टोकन का अपना आरक्षित टोकन या तो BNT में या BNT के डेरिवेटिव में होना चाहिए।
 
 दूसरी ओर, **रिले टोकन** का उपयोग तरलता प्रदान करने के लिए स्टेक करने के लिए किया जाता है। टोकन धारकों को बैंकोर की भविष्य की कमायी का कुछ प्रतिशत मिलेगा। रिले टोकन पूल में कुल मूल्य के लिए दांव पर लगाई गई राशि के अनुपात को इंगित करते हैं।
 
 ### बैंकोर नेटवर्क सुरक्षित कैसे है?
 
 प्रोटोकॉल का स्मरतों टोकन ट्रेडरों को नेटवर्क पर उपलब्ध पूल के लिए तरलता प्रदान करने की क्षमता देता है। पूल में कोई भी तरलता प्रदान कर सकता है।
 
 जब तरलता प्रदाता एक पूल में चलनिधि का योगदान करते हैं, तो वे पूल से गुजरने वाले ट्रेडों के लिए पुरस्कार प्राप्त करने के पात्र होते हैं। चलनिधि प्रदाताओं को पूल टोकन प्राप्त होंगे जो उनकी कुल हिस्सेदारी के प्रतिशत का प्रतिनिधित्व करते हैं।
 
 ### आप बैंकोर नेटवर्क टोकन (BNT) कैसे खरीद सकते हैं?
 
 इस लेखन के समय, बैंकोर ने कई टोकनों के साथ-साथ क्रॉस-चेन टोकन को शामिल करते हुए $ 2 बिलियन से अधिक के ट्रेड्स को क्रियान्वित किया है। नेटवर्क ने स्टेकिंग के माध्यम से लाखों कमाए हैं, जो BNT टोकन स्टेकर्स को वितरित किए जाते हैं। BNT का समर्थन करने वाले कई एक्सचेंजों में [Binance](https://coinmarketcap.com/hi/exchanges/binance/), Coinswitch और ZenGo शामिल हैं। BNT और अन्य क्रिप्टोकरेंसी कैसे खरीदें इसके बारे में आप [यहां](https://coinmarketcap.com/alexandria/categories/blog) अधिक जानकारी प्राप्त कर सकते हैं।

Binance

Ledger

Coinbase

Trust Wallet

MetaMask

SolFlare

Backpack

Phantom

Atomic wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Wilder World

Goldfinch

Liquity

Hippocrat

Frontier

Gods Unchained

MyNeighborAlice

DAO Maker

Omni Network

Hifi Finance

zkLend

Froge (ETH)

Degen Zoo

QANplatform

Trias Token (New)

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the many different blockchains (including Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange.

0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.

The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackes, and others. It is a used by hundreds of developers for their projects. The protocol has facilitates over $200B in trading volume since its inception. One can track its usage in its dedicated https://explorer.0x.org/.

The protocol is powered by an ERC20 governance token known as ZRX. ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury.

0x Protocol

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.

The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.

OMG Network

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.

Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.

Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.

The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.

Orchid

Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.

The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.

Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.

Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.

The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.

Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.

Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.

Civic

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Storj, pronounced as “stor-jay,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.

In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.

Two years later, an updated white paper was published. Here, a decentralized network  — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.

People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.

Storj

Augur

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.

yearn.finance

Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.

The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency.

This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.

For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.

Ontology launched its own MainNet on June 30, 2018 and has been up and running smoothly since.

Ontology

Aragon

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

ICON

Origin Protocol is one of Ethereum’s longest-standing DeFi projects, featuring a multichain feature set that unlocks vast opportunities for yield generation across the space. Origin’s products are built to be permissionless and composable, allowing for deep integration with novel primitives. All of Origin’s products streamline rewards to OGN stakers, cultivating a sustainable, user-first offering.

At its core proposition, Origin features:

Capital efficiency: Origin’s liquid staking products, Origin Ether and Origin Dollar, empower users to earn yield while retaining full capital control. The protocol’s unique Automated Redemption Manager (ARM) serves as a key liquidity hub for LST redemptions.

Vast composability: OETH’s robust peg and interoperability makes it an ideal building block for innovative DeFi strategies.

Broad access: Origin’s diverse integrations with partners such as EigenLayer and Pendle Finance, cater to power users and new entrants alike. Origin is built on core principles of seamless usability, cultivating one of the smoothest user experiences in the space.

Some of Origin Protocol’s key elements include:

Origin Ether (OETH): OETH is a leading liquid staking token that harnesses battle-tested mechanics to maintain a strong peg and vast composability for users. Users can mint OETH by depositing reserves of ETH. This ETH is staked to the Beacon Chain, with staking rewards distributed to users. OETH boasts broad DeFi integrations on ETH and leading Layer-2 networks.

Origin Dollar (OUSD): OUSD is a yield bearing stablecoin fully collateralized by reserves of USDT, USDC, and DAI. Users can deposit these stablecoins to mint OUSD, which generates yield. OUSD’s rebasing model automatically distributes rewards to holders’ wallets, removing the need for lockups and claiming rewards.

Automated Redemption Manager (ARM): The ARM is a groundbreaking platform that bolsters liquidity for redeemable assets, such as LSTs and LRTs. Users can take advantage of rapid redemptions for seamless swaps between leading LSTs and ETH with zero slippage.

Some of its key highlights include:

Versatile Utility: Origin’s product suite is deeply integrated across DeFi, allowing users to harness innovative instruments and opportunities. Origin Ether, for instance, is deeply integrated with the likes of Pendle and EigenLayer. Users can also take advantage of wOETH on leading L2 networks to explore more platforms and yield generating positions.

Transparent, best-in-class security: Both OUSD and OETH boast battle-tested, open-source codebases. Origin’s products have been rigorously audited by leading firms, including OpenZeppelin. Origin’s yield-generating products deliver yields without compromising on security, and feature rich analytics dashboards for users to monitor treasury flows and allocations.

Protocol Governance: Users can stake OGN for up to a year in exchange for non-transferable xOGN. xOGN accrues yield from a share of protocol fees earned by Origin’s products. xOGN holders can submit proposals, vote on active submissions, and vote on treasury allocations. This symbiotic structure creates a sustainable, rewarding governance system that upholds the core principles of decentralization.

World class team and investors: The project is led by serial entrepreneurs Matthew Liu and Josh Fraser, and seasoned team members from leading tech firms including PayPal, YouTube, Google, DropBox, etc. Origin has received backing from top investors such as Pantera Capital and Foundation Capital, as well as from individuals like Steve Chen, the founder of YouTube, and Alexis Ohanian, co-founder of Reddit.

Origin Protocol

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Qtum (pronounced ‘“quantum”)  is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoinand Ethereumin one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.

To learn more about this project, check out our deep dive of Qtum.

The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.

Qtum

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Curve DAO Token

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.