DeFi
June 21, 2022
Bancor Under Scrutiny After Pausing Impermanent Loss Protection Citing “Hostile Market Conditions”
Decentralized Finance (DeFi) protocol Bancor, often considered a pioneer in the DeFi space, has come under fire after it paused the impermanent loss protection program. The pause was done citing extreme market conditions and comes at a time when liquidity providers need the protection the most.