Celsius' management looks to avoid bankruptcy filing regardless of advisers and lawyers recommending filing for Chapter 11 bankruptcy. The company has asked users to show support by activating "HODL Mode" on their account which temporarily disables outgoing transactions. Meanwhile, Celsius has again withdrawn its Ethereum (ETH) positions in Bancor's liquidity pool to pay loans and...
Derek Hsue, cofounder at Reverie, discusses the recent controversial decisions by Solend DAO and Bancor, the importance of establishing processes for black swan events, and whether decentralized governance truly exists. Show highlights: what situation prompted Solend to feel it was in jeopardy what Solend DAO’s response was to that situation why Derek views it as “the nuclear option” why the proposal sparked an...
Crypto lender Celsius paused withdrawals, swaps, and transfers between accounts earlier this week due to liquidity risks. According to blockchain security PeckShield, Celsius has started withdrawing its Ethereum (ETH) positions in the DeFi protocol Bancor after the firm disabled the Impermanent Loss Protection to protect liquidity providers. Celsius Clears its Ethereum (ETH) Positions in Bancor...
Bancor Protocol is one of the pioneers in the Automated Market Maker (AMM) space. It created the first-ever AMM - omnipool, which requires all tokens to be paired against their native token, $BNT. Bancor Protocol has actively tried to solve some problems with traditional AMMs like fragmented liquidity and impermanent loss (IL). To close this gap, Bancor has...
Bancor Protocol is one of the pioneers in the Automated Market Maker (AMM) space. It created the first-ever AMM - omnipool, which requires all tokens to be paired against their native token, $BNT. Bancor Protocol has actively tried to solve some problems with traditional AMMs like fragmented liquidity and impermanent loss (IL). To close this gap, Bancor has...
Bancor, a decentralized AMM and exchange, has temporarily paused its impermanent loss protection feature to protect the protocol and its users from "manipulative behavior." In an announcement published on June 19th, Bancor said that it was confident the measures will secure the protocol while it works...
As the cryptocurrency market started to crash, many projects became very risky. Those blockchain companies tend to over-capitalize cryptocurrencies. In bear markets, cryptocurrencies become valued less, hence those companies become less worthy as well. To fight for survival, they start slashing services and benefits to reduce their risk and exposure. Bancor is one of those crypto projects that is removing today the very...
Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of the bear market grow. The Bancor decentralized exchange is suspending its impermanent loss protection feature as it too begins to feel the effects of the bear market. Citing “hostile market conditions,” Bancor said...
The DeFi protocol Bancor on Monday said it has paused the Impermanent Loss Protection to protect liquidity providers (LPs) amid extreme market conditions. It will be reactivated once the crypto market stabilizes. Moreover, the Bancor DAO has been asked to pause the Impermanent Loss Protection for rewards on its liquidity pools. In order to prevent...
The growth of the cryptocurrency space remains commendable, considering the amount of negative criticism it gets, especially from mainstream media. However, one sector of the space worthy of mentioning is the Decentralized Finance (DeFi) market. Since 2020, the rapid growth of the DeFi space has made it a valuable terrain for...
Bancor, the first decentralized financial protocol to provide liquidity pools, has released a new liquidity solution with the launch of Bancor 3. Bancor has been a pioneer in blockchain innovation since developing the first on-chain automated market maker (AMM) in 2017. In 2020,...
The cryptocurrency market is attracting lots of attention. In other words, there's a lot going on here. Therefore, to keep our readers informed, here are some of the top upcoming crypto events coming up this week. And you will see, these upcoming crypto events include: strategic updates halvings and vault launches. Now, let's take a look at some of these events....
If you’re looking up what a DeFi liquidity pool is, chances are you’re deep in a decentralized finance rabbit hole. Maybe you’ve played with DeFi products like Uniswap and Aave, and perhaps even yield farming. Or, maybe, you’re just getting started and have no idea what that last sentence means. Wherever you are on the DeFi knowledge...
Trade tokens and earn interest on your favorite tokens by staking them in Bancor’s decentralized exchange. Bancor is the first decentralized trading protocol, empowering traders, liquidity providers & developers to participate in an open financial marketplace with no barriers to entry. No one needs permission to use the open-source Bancor Protocol. The project offers a network,...
Trade tokens and earn interest on your favorite tokens by staking them in Bancor’s decentralized exchange. Bancor is the first decentralized trading protocol, empowering traders, liquidity providers & developers to participate in an open financial marketplace with no barriers to entry. No one needs permission to use the open-source Bancor Protocol. The project offers a network,...
CryptoNinjas » New Bancor set-and-forget optimized staking solution xBNT now live Bancor, an on-chain liquidity...
In 2017, Bancor pioneered automated market makers (AMMs) to replace order books using a native reserve asset, the BNT token. After losing ground to other decentralized exchanges such as Uniswap or Sushiswap, Bancor's...
Bancor has announced that the next update to its Bancor Vortex which will burn part of the protocol's swap fees of every transaction. "Buy-and-Burn" Brings Value, Utility to BNT With the latest update to Bancor's new Vortex mechanism, DeFi's first AMM will begin burning part of the swap fees accrued on the protocol. While that number has been set to 5% of the...
After quadrupling its Total Value Locked (TVL) in the last 30 days, Bancor announced a flurry of upgrades--including a fiat on- and off-ramp. The Latest Updates Are Painting a Bullish Picture While Bancor is...
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