Bancor, a Decentralized Finance protocol steadily thought to be a pioneer within the DeFi ecosystem, has come beneath heavy scrutiny after it introduced that it might pause its impermanent loss coverage program. The DeFi platform cited excessive marketplace prerequisites for preventing this program. On the other hand, Bancor has been criticized for pausing this system when liquidity suppliers want the security program essentially the most.
Bancor reiterated that the pause would best be brief, stressing that it used to be executed in a bid to give protection to the protocol and its customers. The submit said, “The brief measure to pause IL coverage must give …
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Defi Pioneer, Bancor, Under Fire for Pausing Impermanent Loss Protection Due to Hostile Market Conditions

Defi Pioneer, Bancor, Under Fire for Pausing Impermanent Loss Protection

Bancor, a Decentralized Finance protocol steadily thought to be a pioneer within the DeFi ecosystem, has come beneath heavy scrutiny after it introduced that it might pause its impermanent loss coverage program. The DeFi platform cited excessive marketplace prerequisites for preventing this program. On the other hand, Bancor has been criticized for pausing this system when liquidity suppliers want the security program essentially the most.

Bancor reiterated that the pause would best be brief, stressing that it used to be executed in a bid to give protection to the protocol and its customers. The submit said, “The brief measure to pause IL coverage must give …

Get newest cryptocurrency information on bitcoin, ethereum, preliminary coin choices, ICOs, ethereum and all different cryptocurrencies. Be informed Find out how to industry on cryptocurrency exchanges.



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