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Bancor introduces new staking pools and instant impermanent loss protection
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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 AMMs to the blockchain. The Ethereum-based exchange and lending platform also allows users to earn staking rewards via various liquidity pools.
In a Nov. 30 blog post introducing the upcoming Bancor 3 update, the platform announced several
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