Bancor

Bancor is a decentralized finance (DeFi) protocol and ecosystem of open-source protocols established in 2017.

It is recognized as the first Automated Market Maker (AMM) on the blockchain, enabling transparent and permissionless trading without centralized intermediaries. Founded by Eyal Hertzog, Guy Benartzi, and Galia Benartzi, Bancor is headquartered in Zug, Switzerland, and operates as a non-profit foundation dedicated to promoting its protocol and fostering innovation in on-chain trading. Bancor offers a range of decentralized financial services, including automated market making, liquidity provision, and token creation. Users can trade tokens directly from their wallets using liquidity pools managed by smart contracts. The platform supports community governance through its native token, BNT, allowing stakeholders to participate in protocol decisions. One of its flagship products, Carbon DeFi, is an automated trading protocol that enhances trading flexibility on the Ethereum Mainnet. Bancor serves a global community of DeFi traders, liquidity providers, and token creators, contributing significantly to the evolving landscape of decentralized finance.