Bancor Announces Enjin Coin (ENJ) as a Bancor V2 Launch Pool
In an announcement made on July 13, Bancor stated that the Bancor V2 pool will enable ENJ holders to offer liquidity and earn a share of the pool’s trading fee, all while maintaining their long position on the token. The launch of the Enjin Coin liquidity pool presents ENJ holders an opportunity to provide liquidity to both gamers and developers to foster the adoption of blockchain within the rapidly growing $152 billion games market.
Unlike existing automated market maker (AMM) solutions that require liquidity providers to split their holdings into several reserve assets, Bancor V2 offers liquidity providers the ability to: Notably, the ENJ liquidity pool will tap Chainlink’s (LINK) brand new ENJ/ETH decentralized price feed to achieve Bancor V2’s aforementioned features. Bancor selecting ENJ makes the token among the first pools to go live on Bancor V2.
