DeFi Protocol Bancor Voting to Burn Over 10% Of BNT Token Supply

There's no denying the fact that the global macroeconomic landscape has continued to deteriorate rapidly over the past year or so, thanks, in large part, to the Federal Reserve's quantitative easing measures (such as interest rate hikes).

Timeline of Bancor

Due to “hostile market conditions,” pioneer DeFi trading platforms, Bancor, terminated its temporary loss insurance program over the weekend. This prompted accusations that it wasn't truly decentralized.

Decentralized Finance (DeFi) protocol Bancor, often considered a pioneer in the DeFi space, has come under fire after it paused the impermanent loss protection program. The pause was done citing extreme market conditions and comes at a time when liquidity providers need the protection the most.

Bancor, a decentralized exchange on Ethereum, has paused the Impermanent Loss Protection to protect liquidity providers (LPs) as the crypto market slump continues. The DeFi protocol cited large sales of Bancor (BNT) tokens for its action.

Bancor Protocol has ‘paused' impermanent loss protection, blaming hostile market conditions for the move.  The post Bancor (BNT) End Impermanent Loss Protection, Blame ‘Hostile Market Conditions' appeared first on BeInCrypto.

The Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens. The post Bancor DEX pauses impermanent loss protection amid market instability appeared first on The Block.

The DeFi protocol Bancor on Monday said it has paused the Impermanent Loss Protection to protect liquidity providers (LPs) amid extreme market conditions. It will be reactivated once the crypto market stabilizes.

 The crypto town is now showing optimistic numbers, after a turbulent weekend. The market capitalisation of the business has grown close to 8.22% over the day. Which has helped the numbers soar to $874.11 B at the time of press. However, the fear in the community refrains to abate. This time around investors of BNT …

After the launch of Bancor 3, over 100 pools are currently live on Bancor 3 including AAVE, BAT, ENJ, MATIC, SNX, USDC, wNXM, WOO and YFI. This is in addition to the 4 tokens “initially launched, ETH, DAI, LINK, BNT.

Bancor, the first decentralized financial protocol to provide liquidity pools, has released a new liquidity solution with the launch of Bancor 3. Bancor has been a pioneer in blockchain innovation since developing the first on-chain automated market maker (AMM) in 2017.

The latest Bancor update gives DEFI investors a new impermanent loss protection liquditiy solution to make staking more efficient and accessible so let's find out more about it in today's latest crypto news. Bancor is a decentralized finance protocol that announced that it is much-anticipated protocol update is out of beta and launched on the