Brave New Coin’s Josh Olszewich recently analyzed the prices 3 crypto assets: Bancor (BNT), Curve (CRV) and Decred (DCR).
Bancor (BNT)
The Bancor protocol enables built-in price discovery and a liquidity mechanism for tokens on smart contract blockchains. These “smart tokens” hold one or more other tokens in reserve. They enable any party to instantly purchase or liquidate the smart token in exchange for one of its reserve tokens, directly through the smart token’s contract, at a continuously calculated price, according to a formula which balances buy and sell volumes.
Bancor is named in honor of the Keynesian proposal to introduce a supranational reserve currency called Bancor to systematize international currency conversion after WWII.
Curve (CRV)
Non-custodial decentralized exchanges (DEXs) have quickly risen to prominence since mid-2020, along with the rise of various other DeFi mechanisms. Curve Finance is unique amongst its peers, filling the stablecoin swaps niche exclusively.
Curve (CRV) is an Automated Market Maker (AMM) based Decentralized Exchange (DEX) protocol, similar to Uniswap, Sushiswap, and 1inch. Unlike the other DEXs, most of Curve’s 23 available pools aim to swap between tokens of the same value, such as stablecoins. The CRV token is a governance token with the ability to accrue Curve exchange fees based on a time-based staking system.
Decred (DCR)
Decred (DCR) launched in 2016 and was originally a fork of the Bitcoin codebase. Decred incorporates governance functions using a hybrid Proof of Work (PoW) and Proof of Stake (PoS) consensus system. The hybrid consensus system attempts to shore up the vulnerabilities of both designs.
Decred’s v1.6 (aka Hidden Hydra) launched in January. The project says this is the biggest update in its history with Decred’s history with several major and numerous smaller upgrades.
