{"id":1899,"date":"2022-01-28T09:23:07","date_gmt":"2022-01-28T09:23:07","guid":{"rendered":"https:\/\/www.grocrypto.io\/?post_type=review&#038;p=1899"},"modified":"2022-02-05T19:46:34","modified_gmt":"2022-02-05T19:46:34","slug":"bancor","status":"publish","type":"review","link":"https:\/\/www.grocrypto.io\/review\/bancor\/","title":{"rendered":"Bancor"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1899\" class=\"elementor elementor-1899\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11cc7e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11cc7e3\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-02e2a54\" data-id=\"02e2a54\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47a1c0f elementor-widget elementor-widget-heading\" data-id=\"47a1c0f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-xxl\">Bancor<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8145e6 elementor-star-rating--align-center elementor--star-style-star_fontawesome elementor-invisible elementor-widget elementor-widget-star-rating\" data-id=\"a8145e6\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"star-rating.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-star-rating{color:#ccd6df;font-family:eicons;display:inline-block}.elementor-star-rating i{display:inline-block;position:relative;font-style:normal;cursor:default}.elementor-star-rating i:before{content:\"\\e934\";display:block;font-size:inherit;font-family:inherit;position:absolute;overflow:hidden;color:#f0ad4e;top:0;left:0}.elementor-star-rating .elementor-star-empty:before{content:none}.elementor-star-rating .elementor-star-1:before{width:10%}.elementor-star-rating .elementor-star-2:before{width:20%}.elementor-star-rating .elementor-star-3:before{width:30%}.elementor-star-rating .elementor-star-4:before{width:40%}.elementor-star-rating .elementor-star-5:before{width:50%}.elementor-star-rating .elementor-star-6:before{width:60%}.elementor-star-rating .elementor-star-7:before{width:70%}.elementor-star-rating .elementor-star-8:before{width:80%}.elementor-star-rating .elementor-star-9:before{width:90%}.elementor-star-rating__wrapper{display:-webkit-box;display:-ms-flexbox;display:flex;-webkit-box-align:center;-ms-flex-align:center;align-items:center}.elementor-star-rating__title{margin-right:10px}.elementor-star-rating--align-right .elementor-star-rating__wrapper{text-align:right;-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-star-rating--align-left .elementor-star-rating__wrapper{text-align:left;-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-star-rating--align-center .elementor-star-rating__wrapper{text-align:center;-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-star-rating--align-justify .elementor-star-rating__title{margin-right:auto}@media (max-width:1024px){.elementor-star-rating-tablet--align-right .elementor-star-rating__wrapper{text-align:right;-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-star-rating-tablet--align-left .elementor-star-rating__wrapper{text-align:left;-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-star-rating-tablet--align-center .elementor-star-rating__wrapper{text-align:center;-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-star-rating-tablet--align-justify .elementor-star-rating__title{margin-right:auto}}@media (max-width:767px){.elementor-star-rating-mobile--align-right .elementor-star-rating__wrapper{text-align:right;-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-star-rating-mobile--align-left .elementor-star-rating__wrapper{text-align:left;-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-star-rating-mobile--align-center .elementor-star-rating__wrapper{text-align:center;-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-star-rating-mobile--align-justify .elementor-star-rating__title{margin-right:auto}}.last-star{letter-spacing:0}.elementor--star-style-star_unicode .elementor-star-rating{font-family:Arial,Helvetica,sans-serif}.elementor--star-style-star_unicode .elementor-star-rating i:not(.elementor-star-empty):before{content:\"\\002605\"}<\/style>\n\t\t<div class=\"elementor-star-rating__wrapper\">\n\t\t\t\t\t\t<div class=\"elementor-star-rating\" title=\"4.9\/5\" itemtype=\"http:\/\/schema.org\/Rating\" itemscope=\"\" itemprop=\"reviewRating\"><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-9\">&#xE933;<\/i> <span itemprop=\"ratingValue\" class=\"elementor-screen-only\">4.9\/5<\/span><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f1ce6b elementor-drop-cap-yes elementor-drop-cap-view-default elementor-widget elementor-widget-text-editor\" data-id=\"4f1ce6b\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;,&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a href=\"https:\/\/bancor.network\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bancor<\/span><\/a><span style=\"font-weight: 400;\"> is the first decentralized trading protocol, empowering traders, liquidity providers &amp; developers to participate in an open financial marketplace with no barriers to entry.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cec67c3 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"cec67c3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"#\" class=\"elementor-button-link elementor-button elementor-size-sm elementor-animation-pulse\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">JOIN now<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-265ace9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"265ace9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-92a3460\" data-id=\"92a3460\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fdf6409 elementor-widget elementor-widget-image\" data-id=\"fdf6409\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/balancer.fi\/\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t<img width=\"1897\" height=\"893\" src=\"https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_19.png\" class=\"attachment-2048x2048 size-2048x2048\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_19.png 1897w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_19-300x141.png 300w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_19-1024x482.png 1024w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_19-768x362.png 768w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_19-1536x723.png 1536w\" sizes=\"(max-width: 1897px) 100vw, 1897px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce49d35 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce49d35\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5d7e187\" data-id=\"5d7e187\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-537581a elementor-widget elementor-widget-heading\" data-id=\"537581a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">PROS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-521e987 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"521e987\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.grocrypto.io\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Supports a significant number of ERC20 tokens<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Low counterparty risk<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Competitive costs of trading<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">High liquidity<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c5f3345\" data-id=\"c5f3345\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0f1565c elementor-widget elementor-widget-heading\" data-id=\"0f1565c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CONS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8526e8 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e8526e8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-times-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">No fiat currency support<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-times-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">No margin trading<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d4b471 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d4b471\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cb7dcfa\" data-id=\"cb7dcfa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbf898d reviewbodyp elementor-widget elementor-widget-text-editor\" data-id=\"fbf898d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Background Information About Bancor<\/b><\/h2><p><span style=\"font-weight: 400;\">Founded in 2016, <\/span><a href=\"https:\/\/bancor.network\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bancor<\/span><\/a><span style=\"font-weight: 400;\"> is a permissionless decentralized protocol that allows traders, liquidity providers, and developers to exchange a variety of tokens effortlessly. The company was co-founded by Eyal Hertzog, Galia Benartzi, Guy Ben-Artzi, Yudi Levi and is owned and operated by its community as a decentralized autonomous organization (DAO).\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Bancor Protocol is a standard for the creation of smart tokens, cryptocurrencies with built-in convertibility directly through their smart contracts. The Bancor network allows users to swap between a pair of tokens quickly. Moreover, it also creates a platform for autonomous liquidity without the presence of any counterparty.<\/span><\/p><h2><b>How to trade on Bancor?<\/b><\/h2><p><span style=\"font-weight: 400;\">One of the easiest ways to trade at Bancor is to use the Bancor Dapp. The Bancor network is also integrated with many decentralized exchange aggregators like X Nation, 1inch, Paraswap, and DEX. AG. While using these platforms, your trade may be routed through Bancor.<\/span><\/p><p><span style=\"font-weight: 400;\">Additionally, you can trade at Bancor using the Bancor Widget, which can be embedded by third parties on their sites, and via a smart contract interface, where a third party developer has integrated Bancor into their smart contract.<\/span><\/p><h2><b>Trading via Etherscan<\/b><\/h2><p><span style=\"font-weight: 400;\">If you are looking to trade directly on the BancorNetwork contract, then you need to use Etherscan\u2019s web UI.<\/span><\/p><p><span style=\"font-weight: 400;\">Moreover, if you are a developer looking to interface with Bancor contracts via your own smart contract, then you need to follow the below steps.<\/span><\/p><p><b>Step 1: Query for Latest BancorNetwork Address<\/b><\/p><p><span style=\"font-weight: 400;\">As the Bancor contracts are regularly upgraded, the BancorNetwork may change over time. To find the most recent address-<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">First, head over to the ContractRegistry contract on Etherscan<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the Read Contract section, execute the getAddress function with the following parameter: contractName: 0x42616e636f724e6574776f726b. This is the bytes32 representation of &#8220;BancorNetwork&#8221;<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The return value you get is the address of the BancorNetwork contract.\u00a0<\/span><\/li><\/ul><p><b>Step 2: Generate Conversion Path<\/b><\/p><p><span style=\"font-weight: 400;\">The conversion path is the plot between liquidity pools, allowing a token on Bancor to be exchanged for any other token.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In this step, it is recommended to use the Bancor SDK for generating the most efficient path between two tokens. The API call will provide you with the conversion path and expected exchange rate of trade. You have to save these inputs for the next step.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If you are looking to generate a conversion path on-chain, then the conversionPath function on the BancorNetwork contract will give you a good approximation of the best path.<\/span><\/p><p><b>Step 3: Execute a Trade<\/b><\/p><p><span style=\"font-weight: 400;\">To execute a trade, you need to follow the below steps:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Head to the Etherscan page of the contract address you queried in Step 1 and navigate to the Write Contract View<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For exchanging ether for any other token, you have to use the convert function.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For exchanging one token for another token, you&#8217;ll be using the claimAndConvert function.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Now, you need to use the path parameter from Step 2 and the rate return value from getPathAndRate as a reference point for how to determine the minReturn argument<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finally, execute the correct function with the relevant inputs.<\/span><\/li><\/ul><h2><b>How do I stake in the Bancor protocol?<\/b><\/h2><p><span style=\"font-weight: 400;\">On Bancor protocol, you can swap or stake on the bancor.network or any other site integrated with Bancor smart contracts. You can connect using Web3 wallets like MetaMask. You also need to ensure that your wallet is connected by checking the connection status in the upper right-hand corner of the bancor.network. Once you connect to the wallet, you need to follow the below steps.<\/span><\/p><ol><li><span style=\"font-weight: 400;\"> Go to the bancor.network and click on the \u201cAdd Liquidity\u201d button.<\/span><\/li><li><span style=\"font-weight: 400;\"> Click on \u201cStake and Protect\u201d under the Single-Sided Protection option.<\/span><\/li><li><span style=\"font-weight: 400;\"> Next, you have to select if you want 100% exposure to the base ERC20 token or BNT.\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\"> Enter the number of tokens you wish to protect. If you click on \u201cBalance, it will select the full balance.<\/span><\/li><li><span style=\"font-weight: 400;\"> Click on \u201cStake and Protect\u201d and confirm the transactions in the app and Metamask(x2). On a successful transaction, your protected single-sided liquidity stake will appear on the Protection screen.<\/span><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1707dfb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1707dfb\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b1064cb\" data-id=\"b1064cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-931bdc8 elementor-widget elementor-widget-heading\" data-id=\"931bdc8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions About Bancor<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-026d7d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"026d7d7\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-96dff86\" data-id=\"96dff86\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0cc4471 align-at-right animated-slow uael-faq-box-layout-yes elementor-widget elementor-widget-uael-faq\" data-id=\"0cc4471\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t\t<div id='uael-faq-wrapper-133' class=\"uael-faq-wrapper\"> \n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-31ef590\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">                    \n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<h3 class=\"uael-question-31ef590 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1\">1. Is Bancor safe?<\/h3>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">Bancor is a safe platform, and it has completed full audits with Peckshield, Certik, Halborn, and Consensys Due Diligence. Bancor also has an open and ongoing bug bounty program for any bugs found on its platform.<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-28d6c42\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">                    \n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<h3 class=\"uael-question-28d6c42 uael-question-span\" tabindex=\"0\" id=\"uael-faq-2\">2. Can I use hardware wallets at Bancor?<\/h3>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">Yes. MetaMask supports hardware wallets like Trezor and Ledger directly. There is no need to keep it connected to your PC after you\u2019ve finished with the interactions.<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-09afb22\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">                    \n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<h3 class=\"uael-question-09afb22 uael-question-span\" tabindex=\"0\" id=\"uael-faq-3\">3. What kind of fees can I earn at Bancor?<\/h3>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">You will get the swap fees for swaps in one direction. The APY is dependent on trading activity and fluctuates accordingly. You also get BNT liquidity mining rewards that Bancor governance has approved for distribution to the pool.<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":1900,"menu_order":0,"template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"acf":[],"_links":{"self":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review\/1899"}],"collection":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review"}],"about":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/types\/review"}],"version-history":[{"count":7,"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review\/1899\/revisions"}],"predecessor-version":[{"id":2501,"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review\/1899\/revisions\/2501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/media\/1900"}],"wp:attachment":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/media?parent=1899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}