Bancor v2 To Feature REN, renBTC And ENJ As Launch Pool Offerings

The Bancor team announced on Jul 08 and Jul 13 that the REN, renBTC and ENJ tokens will be offered as one of the initial launch pool offerings in the upcoming Bancor v2, which is due to be released this month, pending security audits and stress tests. These pools will utilize Chainlink provided REN/ETH, ENJ/ETH and BTC/ETH decentralized data feeds. The users staking the REN, renBTC and ENJ tokens can earn fees for providing liquidity, while being able to maintain 100% exclusive exposure to any of these tokens.

We are excited to announce $REN and $renBTC as #BancorV2 launch pools!

🏊‍♂️ The two new pools will allow both REN and renBTC holders to provide liquidity and earn a share of swap fees while maintaining 💯% exposure to either token.

Details: #DeFi— Bancor (@Bancor) July 12, 2020

We’re excited to partner with @Bancor to launch the Enjin Coin liquidity pool in the upcoming #BancorV2, powered by @Chainlink‘s brand new ENJ/ETH oracle!

Learn more about what this means for $ENJ hodlers: $BNT $ETH $LINK #Ethereum— Enjin (@enjin) July 13, 2020

About Enjin

Enjin is a leading developer on the Ethereum blockchain, focusing primarily on Non Fungible Tokens (NFTs). The Enjin team has developed a plethora of products to assist developers interested in creation and distribution of Non Fungible Tokens (NFTs). The team also proposed and successfully implemented ERC-1155 standard, the proprietary standard for NFT tokens. The native token is ENJ.

About Bancor v2

Bancor v2 is the next major upgrade for the DeFi focused automated liquidity provider project, expected to be released, in the month of July 2020. It will feature advancements such as single token liquidity provision, sourcing data oracles from Chainlink to eliminate impermanent loss, reduced slippage design, liquidity amplification (for both stable and non-stable coins) and support for lending pools.

Bancor v2 liquidity pool
Bancor v2 liquidity pool© Cryptoticker
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