The pioneering DAO allegedly offered “risk-free” products that cost American retail investors tens of millions of dollars in losses. A group of investors has filed a class-action suit against the Bancor decentralized autonomous organization (DAO); its operator, BProtocol Foundation; and its founders in the United States District Court for the Western District of Texas. The…
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The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains. This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi…
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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…
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Bancor 3 will feature instant impermanent loss (IL) protection, an unlimited deposit staking pool, and an Omnipool offering a share of fees generated from the entire platform. 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…
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Bancor introduced a complex but useful lending and token burn mechanic through its vBNT token. Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools. Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow…
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The new DEX onramps will offer users access to new assets, as well as better liquidity and security. Non-custodial cryptocurrency exchange ShapeShift is announcing today the integration of nearly a dozen decentralized exchange (DEX) protocols — a move designed to relieve both the company as well as users of KYC burdens, while simultaneously offering traders…
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The price of BNT, the native token of the Bancor protocol, spiked by 86% in two days. The price of BNT, the native token of Bancor, surged 86% in merely two days from $1.02 to $1.919. The rally was fueled by a combination of Coinbase listing BNT and the growing volume of Bancor’s DEX. The…
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A handful of DeFi tokens are producing double-digit gains as Bitcoin price fights to turn $19,500 to a strong support level. The world’s negative-yielding debt has soared to over $18 trillion according to Bloomberg. In such times, it is no surprise that the decentralized finance space, a place where mouth-watering yields can be found, has…
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Rival decentralized exchanges are upping their liquidity mining rewards to attract Uniswap’s former-liquidity providers, leading to SushiSwap’s TVL tripling in one week. With leading decentralized exchange Uniswap having ceased its yield-farming incentive program, rival automated market makers 1inch, SushiSwap and Bancor are snapping up liquidity providers with targeted rewards. On Nov. 17, the same day…
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