RioDeFi announces the integration of Bancor into RioWallet
The Bancor Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain. It operates as an open-source standard for liquidity pools, which in turn provide an endpoint for automated market-making (buying/selling tokens) against a smart contract.
At USD266.6 billion TVL (Total Value Locked) as of 29 November 2021, the DeFi space shows robust and confident growth. Bancor is one of the leading players in the field with a TVL close to 2 billion dollars. Its integration into RioWallet is an important milestone on bridging Substrate-based networks with the broader Ethereum DeFi ecosystem.
Download RioWallet to take full advantage of new dApps integration: https://riodefi.com/wallet
Bancor is the first decentralized trading protocol, empowering traders, liquidity providers & developers to participate in an open financial marketplace with no barriers to entry. No one needs permission to use the open-source Bancor Protocol.
Bancor Network currently operates on the Ethereum blockchain, but the protocol is designed to be interoperable for additional blockchains. Their implementation can be easily integrated into any application enabling value exchange and liquidity provision. Bancor’s implementation is open source and permissionless, and ecosystem participants are encouraged to contribute to and enhance the Bancor Protocol.
To find out more about Bancor Protocol please visit: https://bancor.network/
Our vision is a world in which everyone has the access to decentralized financial (Defi) services.
We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
“Rio” is the word for river in Spanish, and to us it represents the ideas of liquidity and flow. We believe that money is energy in a liquid, spendable form, so Rio represents these flows of wealth. RioDeFi is dedicated to bringing transparency and inclusion to the world of finance.
RioDeFi is dedicated to bringing transparency and inclusion to the world of finance.
To learn more about RioDeFi, please visit:
Telegram Channel: https://t.me/riodefiofficial
Telegram Announcement: https://t.me/riodefiofficial
To learn more about Bancor Protocol, please visit: