{"id":374192,"date":"2021-11-30T07:55:08","date_gmt":"2021-11-30T04:55:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bancor-introduces-new-staking-pools-and-instant-impermanent-loss-protection\/"},"modified":"2021-11-30T07:55:08","modified_gmt":"2021-11-30T04:55:08","slug":"bancor-introduces-new-staking-pools-and-instant-impermanent-loss-protection","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bancor-introduces-new-staking-pools-and-instant-impermanent-loss-protection\/","title":{"rendered":"# Bancor introduces new staking pools and instant impermanent loss protection"},"content":{"rendered":"<p>&#8220;<strong># Bancor introduces new staking pools and instant impermanent loss protection <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZDEwNzk5ZmItNjA5My00ZWUxLWI4ZjEtZGE5MWEyMGJkMTNkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Decentralized 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.<\/p>\n<p>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. <\/p>\n<p>In a Nov. 30 blog post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.bancor.network\/introducing-bancor-3-962a3c601c25\">introducing<\/a> the upcoming Bancor 3 update, the platform announced several new features and upgrades including the Omnipool, Infinity pools, and \u201cInstant Impermanent Loss Protection.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"in\" dir=\"ltr\">Introducing Bancor 3 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TuIyUnN13U\">pic.twitter.com\/TuIyUnN13U<\/a><\/p>\n<p>\u2014 Bancor (@Bancor) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Bancor\/status\/1465445447292571657?ref_src=twsrc%5Etfw\">November 29, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nImpermanent loss (IL) occurs on AMMs like Bancor or Uniswap when the prices of two assets in a liquidity pool diverge significantly, with one side going strongly up or down in value.<\/p>\n<p>In October 2020, Bancor first introduced a mechanism to combat the issue by rolling out (IL) insurance, which guarantees that liquidity providers will receive up to 100% of their initial capital, plus fees accrued after a 100 day wait period. <\/p>\n<p>As part of the Instant Impermanent Loss Protection update, users will no longer need to wait the initial 100 days as they will receive full protection from day one. <\/p>\n<p>The new Omnipool feature will see the creation of a single pool to stake BNT that offers yield from the entire network, as opposed to the current method of offering yield from separate asset pair pools such as ETH\/BNT. <\/p>\n<blockquote><p>\u201cThe Omnipool<strong> <\/strong>allows for all trades on the network to occur in a single transaction. In Bancor\u2019s previous versions, trades required transfers via BNT, creating an extra transaction and added gas costs compared with competing DEXs.\u201d<\/p><\/blockquote>\n<p>Infinity Pools will offer unlimited deposits on Bancor, and no longer require users to wait for \u201cspace to open up in a pool before being able to deposit tokens.\u201d<\/p>\n<p>Other notable updates in Bancor 3 will include auto-compounding liquidity mining rewards, dual-sided rewards to \u201callow third-party token projects to offer IL-free incentives on their pools\u201d and further multi-chain and layer two support.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>How liquid staking disrupts parachain auctions on Polkadot<\/em><\/strong><\/p>\n<p>Bancor is governed by a decentralized autonomous organization (DAO) and currently offers cross-chain support to the EOSIO blockchain. The platform said that Bancor 3 will be rolled out in three stages dubbed \u201cDawn, Sunrise, and Daylight,\u201d and is targeting a release in Q1 2022 pending a vote by the BancorDAO. <\/p>\n<p>According to data from DeFi Llama, Bancor ranks at the thirty-second largest DeFi platform in terms of total value locked at $1.65 billion. At the time of writing, Bancor\u2019s native token BNT has gained 2.3% over the past 24 hours to sit at $4.06 with a total market cap of at $949.4 million. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bancor-introduces-new-staking-pools-and-instant-impermanent-loss-protection\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bancor introduces new staking pools and instant impermanent loss protection &#8221; Decentralized 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":374193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZDEwNzk5ZmItNjA5My00ZWUxLWI4ZjEtZGE5MWEyMGJkMTNkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75914,75186,74877,74868,75916,78423,76215,103657],"class_list":["post-374192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bancor","tag-dao","tag-decentralized-exchange","tag-defi","tag-dex","tag-mining-pools","tag-update","tag-upgrade"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/374192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=374192"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/374192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/374193"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=374192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=374192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=374192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}