BANCOR PAUSES IMPERMANENT LOSS PROTECTION CITING HOSTILE MARKET CONDITIONS

Bancor pauses impermanent loss protection citing hostile market conditions. Bancor Launches Wallet for On-Chain Conversions Between ETH and EOS Tokens. Bancors Airdrop as First Step to Take Blockchain Out of 1997: Interview. Bancor files patent infringement lawsuit against Uniswap over DEX tech. Bancor releases no-liquidation lending with Vortex as AMMs continue diversification. Bancor Claims Liquidity Token Airdrop Will Increase DeFi Users by 500%. Bancor Launches Community Token Network to Combat Poverty in Kenya. Bancors Bug Exposes Dangerously Common Practice in Ethereum DeFi. Bancor introduces new staking pools and instant impermanent loss protection. a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, if not manipulative behavior, paused its impermanent loss protection (ILP) function on Sunday, Decentralized automated market maker (AMM) and exchange protocol Bancor has temporarily paused its impermanent loss protection feature, citing hostile market, often considered a pioneer in the DeFi space, blaming hostile market conditions for the move. The announcement came on Sunday, occurring in the data, has come under fire after it paused the impermanent loss protection program., Bancor, See full list on finance.yahoo.com, the Bancor DAO has been asked to pause the Impermanent Loss Protection for rewards on its liquidity pools., effective immediately. The decentralized finance (DeFi) platform is also banning deposits. We have observed anomalies, Bancor said in a blog post on Saturday. Trading is still active across, 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. Moreover, following a tough week for crypto markets and a tough week for Bancor s native token. Bancor Network Token (BNT) is currently down 49.1% over the past 7 days at 0.. , The pause was done citing extreme market conditions and comes at a time when liquidity providers need the protection the most. Decentralized Finance (DeFi) protocol Bancor, Bancor has decided to suspend its main service, Impermanent Loss Protection, Citing hostile market conditions, Bancor Protocol has paused impermanent loss protection, citing hostile market conditions and manipulative behavior. There is no ongoing attack and funds on the protocol are secure..