Arable Protocol Whitelist on Bancor
Arable Protocol Whitelist on Bancor – users can now trade and LP* $ACRE on Bancor, with up to $50k in external liquidity protection paid in $ACRE.
As a token of appreciation for the support from the Bancor community, Arable Protocol has airdropped 2M of $ACRE to those who voted on the proposal and bnBNT holders.
What is a whitelisted pool?
Arable Protocol Whitelist on Bancor, where whitelisting is a process that the Bancor DAO goes through in order to list a token in the protocol.
The Bancor DAO needs to evaluate the project and its token by following the relevant technical guidelines to ensure the token meets the required security standards. A proposal needs to be created and voted upon by the Bancor DAO before the token is approved for deposits and trades in the protocol.
Why do projects whitelist on Bancor?
Bancor’s mission is to reduce barriers to entry, allowing the long tail of user-generated currencies to emerge.
- Build healthy decentralized liquidity in their native token
- Provide the token community with a platform for long term LP-ing
- Single-sided liquidity: Generate Protocol-Owned Liquidity without selling tokens
- Provide the same level of liquidity at half the cost
- Coming in Bancor 3: Enable auto-compounding rewards that deepen token liquidity from day one
Liquidity provision is currently available on-chain only via smart contract / on Etherscan (guide). Please use at your discretion.
It is important to understand the risk of providing liquidity on Bancor while BNT distribution is disabling. Liquidity deposits are affecting by vault surplus/deficits immediately upon deposit. Read more on the mechanics and check if a pool is in surplus/deficit at analytics.bancor.network.
About Bancor
Ban or is the only DeFi trading and staking protocol with Single-Sided Liquidity.
About Arable Protocol
Arable Protocol is a synthetic yield farming protocol that is dedicated to helping yield farmers to access multiple blockchains’ assets and yields on a single chain.
RESOURCES
https://bancor.medium.com/arable-protocol-acre-now-whitelisted-on-bancor-19306805650a
