Bancor Network Token: BNT

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BNT is the Bancor Network Token, the common reserve asset facilitating automated trading between any two integrated tokens on Bancor, and allowing users to stake and earn fees from trading that occurs via the protocol.

 

The protocol co-funds its pools alongside LPs using a dynamic BNT supply which earns fees from trading on the protocol that are used to compensate depositors for impermanent loss and generates excess trading income that is burned for BNT.

 

BNT holders who stake their BNT on Bancor receive vBNT, which represents their protected BNT stake and can be used to vote in Bancor governance. This ensures that LPs and governance participants are one in the same.

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