Research corpus MarketsBLC-STUDY-0040

Bancor Protocol: Continuous Liquidity and Asynchronous Price Discovery for Tokens through their Smart Contracts

The 2017 Bancor paper on smart tokens that hold reserves of other tokens and quote a continuous price from a reserve ratio. It is an early automated-liquidity design, distinct from Uniswap's later constant-product pools.

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Record

Authors: Eyal Hertzog, Guy Benartzi, Galia Benartzi
Date: 2017
Publisher: Eyal Hertzog, Guy Benartzi, Galia Benartzi
Version: Source cited by the 2017 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0040
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

No hash is published. This build does not store those PDF bytes, so a checksum would be invented. Where a legacy path exists, it points at the Internet Archive copy of the old library.

Direct answer

Where to read

Official source — Bancor protocol
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

The study separates the text from later network behaviour. This bibliographic page does not repeat that essay.

Relationships

Canonical readingBancor study
Related paperUniswap
Related paperBalancer
Related paper0x

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Hertzog, E., Benartzi, G., & Benartzi, G. (2017). Bancor Protocol: Continuous Liquidity and Asynchronous Price Discovery for Tokens through their Smart Contracts. Eyal Hertzog, Guy Benartzi, Galia Benartzi. https://bancor.network/

BibTeX

@techreport{bancor2017,
  title = {Bancor Protocol: Continuous Liquidity and Asynchronous Price Discovery for Tokens through their Smart Contracts},
  author = {Eyal Hertzog, Guy Benartzi, Galia Benartzi},
  year = {2017},
  institution = {Eyal Hertzog, Guy Benartzi, Galia Benartzi},
  url = {https://bancor.network/},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/bancor}
}

RIS

TY  - RPRT
TI  - Bancor Protocol: Continuous Liquidity and Asynchronous Price Discovery for Tokens through their Smart Contracts
AU  - Eyal Hertzog
AU  - Guy Benartzi
AU  - Galia Benartzi
PY  - 2017
PB  - Eyal Hertzog, Guy Benartzi, Galia Benartzi
UR  - https://bancor.network/
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0040",
    "title": "Bancor Protocol: Continuous Liquidity and Asynchronous Price Discovery for Tokens through their Smart Contracts",
    "author": [
      {
        "literal": "Eyal Hertzog"
      },
      {
        "literal": "Guy Benartzi"
      },
      {
        "literal": "Galia Benartzi"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2017
        ]
      ]
    },
    "publisher": "Eyal Hertzog, Guy Benartzi, Galia Benartzi",
    "URL": "https://bancor.network/",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

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Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections