Major Ethereum (CRYPTO: ETH)-based decentralized finance (DeFi) protocol Bancor (CRYPTO: BNT) launched the third iteration of its decentralized application (DApp) which introduced impermanent loss protection.
What Happened: Bancor 3 promises to protect against impermanent loss to liquidity providers, which could purportedly make it simpler for decentralized autonomous organizations (DAOs) to participate in liquidity pools, according to an announcement shared with Benzinga on Wednesday.
Mark Richardson, Product Architect at Bancor said that “Bancor 3 aims to put DeFi liquidity back …
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