A V2 version of the decentralized trading agreement Bancor has been launched

Bancor announced that the Smart Bancor V2 agreement has been successfully deployed to ethereum's main network.

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The updated Bancor.net Work application provides an interface to exchange tokens and provides liquidity to the Bancor V1 and V2 pools. The app is being rolled out in phases, with the first version offering basic add/remove liquidity and token swap. (Note: This interface is a beta version, and there is a certain risk of using it)

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Bancor V2 is now in beta release. During this period, liquidity pools can be deployed with temporary limits on the amount of liquidity that can be deposited. Once the liquidity pool ceiling is reached, no liquidity provider will join the pool until the ceiling is lifted. Once the pool manager has removed the cap, it can never be reactivated.

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Liquidity caps of up to $500,000 per pool can be set (or $1 million per trade). Since Bancor V2 is equipped with a liquidity magnification function of 20 times, a scrip swap slip point with a liquidity pool of $1 million is equivalent to a liquidity pool of $20 million.

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During the beta release period, Bancor encouraged the use of liquidity caps because they were a security measure that allowed the community to carefully monitor trading systems with limited supply.

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Text link:https://blog.bancor.network

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