protocol often credited as the pioneer of the DeFi space, paused its impermanent loss protection function on Sunday, citing “hostile” market conditions.that the ILP pause is a temporary measure to protect the protocol and the users. The blog post read:
When a user gives liquidity to a liquidity pool, the ratio of their deposited assets changes at a later moment, potentially leaving investors with more of the lower value token, this is known as impermanent loss.
Lmao right
Another reason not to pile in now
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bancor DEX pauses impermanent loss protection amid market instabilityThe Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Bancor DEX pauses impermanent loss protection amid market instabilityThe Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens. vishal4c removed soon vishal4c Really, did all the owners go broke? vishal4c It's all scams IMO.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bancor DEX pauses impermanent loss protection amid market instabilityThe Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens. vishal4c removed soon vishal4c Really, did all the owners go broke? vishal4c It's all scams IMO.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bancor DEX pauses impermanent loss protection amid market instabilityThe Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »