• Founded 2 years ago in 2021.
• Use anonymously. No KYC required.
• Decentralised exchange.
• Open source code can be publicly reviewed.
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.
|Crypto to crypto exchange||No|
|Fiat to crypto exchange||No|
|Pro exchange marketplace||No|
|Peer to peer exchange||No|
|Instantly buy crypto with fiat||No|
|Know your customer||No|
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