PEG and PEG:USD now live on Bancor

One of the greatest challenges facing any new token is liquidity. Stable tokens in particular stand to benefit from enhanced price discovery caused by deep liquidity. In our quest to create a vibrant marketplace for asset-pegged token, we have placed special emphasis on solving liquidity challenges. Today we would like to announce some exciting developments that will bring significant liquidity both to the PEG token as well as PEG:USD, our USD-pegged stablecoin.

PEG and PEG:USD now live on Bancor — As a part of our integration with Bancor, both PEG and PEG:USD have officially been listed on the Bancor Network. Users can instantly convert PEG or PEG:USD for any other token on Bancor’s decentralized liquidity network. Unlike traditional exchanges that maintain an order book for matching buyers and sellers, Bancor technology does away with order book architecture entirely. Liquidity is provided by smart contract-managed reserves which hold a balance of a listed token and a universal ‘connector’ token. When a user wishes to exchange TokenA for BNT, Bancor’s network token, a smart contract manages the trade by depositing TokenA into the reserve and issuing BNT from the reserve to the user.

Dai Liquidity — The first and most significant development is the creation of a relay with high liquidity depth, low slippage, and a completely waived conversion fee for the MakerDao stablecoin. Our Dai Relay has a $2M USD liquidity depth, allowing for simple, low cost conversions between PEG:USD and DAI.

Dai Relay

BNT Liquidity — In addition to the PEG:USD — DAI relay, we also have a relay against BNT with a current liquidity depth of $890k. We are thrilled to hold reserves of BNT on PEGDEX, as this connects us to Bancor’s entire liquidity network.

BNT Relay

Bringing The Liquidity With PEG:USD

Based on Bancor relay technology, PEGDEX extends our liquidity solution to the rest of the asset-pegged token market. Instead of BNT, PEGDEX will utilize PEG:USD as the connector token. Listing on PEGDEX fortifies a token’s peg by opening up opportunities for arbitrageurs to capitalize on deviations and correct the token price.

Our integration with Bancor moves us closer to achieving a deeply liquid economy for asset-pegged tokens. Not only will PEG and PEG:USD be instantly convertible to over a hundred different tokens using BNT on the Bancor network, but any asset-pegged token can also be exchanged for PEG, PEGUSD or BNT on our PEGDEX, giving token creators a gateway to substantial liquidity.

For more information about PEG Network, please visit:

PEG.Network website

PEG:USD website

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