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18 April 2021

Bancor (BNT) Unveils $vBNT Burner to Boost User’s Lending Power

Bancor (BNT) Unveils $vBNT Burner to Boost User’s Lending Power


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Bancor (BNT) has announced the introduction of the Bancor Vortex ($vBNT) burn program, which is designed to use five percent of swap fees on the protocol to purchase and burn the vBNT token.

As stated in its blogpost, Vortex Burner is designed to boost the total value locked in the Bancor protocol by collecting five percent of the total swap fee revenue and use it to buy and burn vBNT, the network’s governance token, which liquidity providers who stake BNT in Bancor liquidity pools get as a reward.

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