Bank of Chain Crypto Platform

Pros

Founders and team is displayed on the website

$16,339 USD currently invested (TVL)

Cons

Community is not strong

Directly dependent on other DeFi protocols

Bank of Chain Reviews

The Bank of Chain (BOC) protocol is an innovative yield aggregator offering a unique, risk-free wealth management tool built on the Ethereum network. When we compare crypto platforms, we value the platform’s transparency and check if they display details about the project’s founders, investors, backers, and team. The co-founders of the protocol are Dongliang Lin, Dejian Liu, and Xiaotian Zhang. Founders and the team are shown on the website's team page. There is no information about investors and backers since the protocol is community owned.

Boasting a decentralized governance structure, Bank of Chain claims to be community-owned and managed by the Bank of Chain DAO. However, it should be noted that the Bank of Chain community appears relatively inactive, with their Telegram group having less than 200 members.

The Bank of Chain protocol features a user-friendly interface and a straightforward design. To connect to the platform, users can choose between MetaMask and WalletConnect. Currently, the web app is limited to providing yield farming tools, with no swap or trade options available.

Although the protocol's website does not include an audit report, the project has implemented various security measures to safeguard users' funds. One notable concern with Bank of Chain is its interactions with multiple DeFi protocols. As a yield aggregator, it invests funds in other protocol's liquidity pools, which may expose it to potential risks. In the event of an attack, hack, or exploit on any of these partnered protocols, Bank of Chain would be directly affected. However, it is important to highlight that, as of this writing, there have been no recorded losses due to hacks or exploits directly associated with the Bank of Chain protocol.

How Much Can You Earn on Bank of Chain?

Bank of Chain Key Data

Company

Year founded	2021
Decentralised	Yes
Open source	Yes

Products

Savings accounts	Yes
Crypto to crypto exchange	No
Fiat to crypto exchange	No
Pro exchange marketplace	No
Peer to peer exchange	No
Margin trading	No
Instantly buy crypto with fiat	No
Futures exchange	No
Chain agnostic	No

Security

Know your customer	No
Credit check	No

Support

24/7 support	No
Chat support	No

Investment Strategy

Liquidity pools	Yes
DeFi products	Yes

Key People

Dongliang Lin

Co-founder

Dejian Liu

Co-founder

Xiaotian Zhang

Co-founder

Useful Links

Bank of Chain Contact Details