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VBNT

Bancor Governance Token

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r/SatoshiStreetBetsSee Comment

Great numbers, for that pirate of time Didn't know what is the difference between Bancor token and VBNT and came here too as decided not to be lazy and check by myself, so here it is: "Bancor uses single-sided liquidity pools that all use the protocol’s native BNT token as their counterpart, which has an elastic supply. Users who wish to add project tokens to a liquidity pool thus only need the project token, as the Bancor protocol can automatically mint any amount of BNT if needed. On the other side, liquidity can also be supplied by BNT holders, which can relieve the protocol from having to mint new tokens. In exchange, they receive vBNT tokens at a 1:1 ratio, which can be used for voting in Bancor DAO’s decentralized governance. This also makes it possible to stake BNT tokens in liquidity, while at the same time using them as collateral for a loan, by selling vBNT temporarily and buying them back in order to unstake BNT."

Mentions:#VBNT#BNT#DAO