defi Decentralized Exchange Uniswap

Bancor pauses impairment loss protection citing 'hostile' market conditions

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cointelegraph.com

Bancor, a decentralized finance protocol often credited as the pioneer of the DeFi space, paused its impairment loss protection (ILP) function on Sunday, citing “hostile” market conditions.In a blog post on Monday, the DeFi protocol noted that the ILP pause is a temporary measure to protect the protocol and the users.

The blog post read:When a user gives liquidity to a liquidity pool, the ratio of their deposited assets changes at a later moment, potentially leaving investors with more of the lower value token, this is known as impermanent loss.

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