By CryptoNews - 1 year ago - Reading Time: 1 minutes
Bancor Pauses Protection Mechanism Due to ‘Hostile Market Conditions’
The decentralized finance (DeFi) protocol Bancor (BNT) said it has paused its impermanent loss (IL) protection mechanism due to what it calls “hostile market conditions.”
In an announcement published on Monday, the team behind Bancor said that impermanent loss protection has been “temporarily paused,” while promising that it will be turned back on “as the market stabilizes.”...
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Original source: CryptoNews