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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 plaintiffs claim, among other things, that Bancor deceived investors about its impermanent loss
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The platform allows users to create a single concentrated liquidity position that buys and sells in specific price ranges. Source
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The Bancor Vortex, launched early last year, collects a protocol-wide administration fee from liquidity providers. In version 2, the vortex collected fees in various tokens, which were then exchanged for BNT. The BNT was then used to buy and burn vBNT, ultimately reducing the circulating supply of BNT. Source
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Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would pause its impermanent loss protection program. The DeFi platform cited extreme market conditions for stopping this program. However, Bancor has been criticized for pausing the
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Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impermanent 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.
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The Grayscale Investment manager undertakes another phase of balancing its Grayscale DeFi fund. This round of rebalance inculcate the adjustment of the project’s Digital Large Cap Funds. This move marks its second balancing process after its launch in July 2021. An announcement on January 3 revealed the in-depth adjustments to Grayscale’s
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