Bancor introduces new staking pools and instant impermanent loss protection
cointelegraph.comDecentralized automated market maker (AMM) Bancor is set to launch new staking pools and an upgrade to its impermanent loss protection mechanism as part of its long-awaited Bancor 3 update.
Bancor was founded in 2017 and was the first DeFi protocol to introduce AMMs to the blockchain. The Ethereum-based exchange and lending platform also allows users to earn staking rewards via various liquidity pools.
In a Nov. 30 blog post introducing the upcoming Bancor 3 update, the platform announced several new features and upgrades including the Omnipool, Infinity pools, and “Instant Impermanent Loss Protection.”
Introducing Bancor 3 pic.twitter.com/TuIyUnN13U
Impermanent loss (IL) occurs on AMMs like Bancor or Uniswap when the prices of two assets in a
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