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Bancor Temporarily Pauses Impermanent Loss Protection

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

The Bancor team announced via Twitter on Monday that it has temporarily paused Impermanent Loss (IL) Protection due to the current market conditions.

The Bancor team announced via Twitter on Monday that it has temporarily paused Impermanent Loss (IL) Protection due to the current market conditions. As a result, withdrawals performed during this unstable period will not be eligible for IL protection, the team added. IL protection will be reactivated on the protocol as the market stabilizes. This is a temporary measure to protect the protocol and its users.

Bancor is a decentralized exchange protocol that allows for the creation of liquidity pools to trade assets. BNT is trading at $0.514 at press time, up by more than 4% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.