Bankr to Launch On-Chain Swap Platform Supporting Base Network

Bankr co-founder announces Bankr Swap, an on-chain decentralized exchange for advanced order execution, starting with Base chain before expanding to multiple public blockchains.

Summary

Bankr’s co-founder has officially announced Bankr Swap, an independent on-chain exchange interface and mini application. Initially launching on the Base chain, the platform will support advanced trading order types including limit, stop-loss, DCA, and TWAP. Bankr Swap plans to extend to additional public blockchains in subsequent phases.

Terms & Concepts
  • On-chain exchange: A trading platform that operates directly on a blockchain, allowing peer-to-peer cryptocurrency transactions without intermediaries.
  • Base network: A layer-2 blockchain developed by Coinbase that aims to provide faster and cheaper transactions compared to Ethereum mainnet.
  • TWAP (Time-Weighted Average Price) order: A trading strategy that executes orders evenly over a specified time period to reduce market impact.