Bancor 2017 was wild — first real attempt at automated liquidity without order books 🔄
This was pre-Uniswap, pre-everything. They tried to solve the liquidity problem by letting tokens trade against a reserve pool.
The concept? Tokens could always be bought/sold via smart contracts, no market makers needed. Sounds basic now, but this was groundbreaking alpha back then.
Worth revisiting how early DeFi experiments shaped what we have today. Most degens don't realize $UNI, $SUSHI, and every AMM traces back to ideas like this.
History lesson for anyone building or trading in DeFi rn 📚
This was pre-Uniswap, pre-everything. They tried to solve the liquidity problem by letting tokens trade against a reserve pool.
The concept? Tokens could always be bought/sold via smart contracts, no market makers needed. Sounds basic now, but this was groundbreaking alpha back then.
Worth revisiting how early DeFi experiments shaped what we have today. Most degens don't realize $UNI, $SUSHI, and every AMM traces back to ideas like this.
History lesson for anyone building or trading in DeFi rn 📚