Bancor (BNT) is a decentralized ecosystem that provides a platform to facilitate on-chain trading and liquidity.
Bancor operates through a series of decentralized, open-source protocols, with its primary protocol, Carbon, enabling users to execute automated trading strategies using custom on-chain limit and range orders. By design, Carbon orders are irreversible on execution, resistant to MEV (Miner Extractable Value) sandwich attacks, and supports the adjustment of orders directly on-chain, granting users more control and automation for their trading strategies.
Another key protocol within the Bancor ecosystem is Fast Lane, which enables users to perform arbitrage between Bancor protocols and external on-chain exchanges, redirecting arbitrage profits back to the Bancor ecosystem.
Governance within the Bancor ecosystem is overseen by the BancorDAO, a decentralized autonomous organization operated through staked BNT. This governance mechanism allows stakeholders to participate in decision-making processes related to protocol upgrades, fee adjustments, and other governance-related matters, ensuring the ecosystem evolves in alignment with community consensus.
