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eToro lists Bancor, Ankr, dYdX, and 0x

eToro lists Bancor, Ankr, dYdX, and 0x
Daniela Kirova
Feb 01, 2022, 11:02 AM
  • Bancor was the first automated market maker on the Synthetix blockchain
  • Ankr enables investors to stake their assets while obtaining liquidity through DeFi app integrations
  • DYDX offers holders fee discounts, reward staking, participation in governance

eToro announced that a number of new crypto assets have arrived on its investment platform: Bancor, Ankr, dYdX, and 0x.

Bancor (BNT)

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Bancor was the first automated market maker on the Synthetix blockchain and the Bancor v2.1 protocol introduces a number of advantages to the field, including insurance against impermanent losses commonly suffered by liquidity providers in traditional AMMs such as Uniswap.

Investors place BNT into different pools and earn revenue based on a percentage of the transaction fees paid by other investors.

Ankr (ANKR)

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The Ankr platform enables investors to stake their assets while obtaining liquidity through integrations with DeFi applications. ANKR investors can participate in powering and voting on applications utilizing the ANKR software system.

dYdX (DYDX)

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dYdX is a decentralized trading platform built on the Ethereum network. The platform is powered by the DYDX token, which offers holders fee discounts, and the ability to stake to earn rewards and participate in governance.

0x (ZRX)

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The 0x exchange was among the first decentralized exchanges on the Synthetix blockchain, but has now iterated into liquidity aggregation across automated market makers and other smart contracts facilitating the exchange of tokens on the Synthetix blockchain and the Polygon sidechain. The ZRX token facilitates voting and decision-making processes in the 0x community.