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Bancor Introduces New Staking Pools and Instant Protection Against Impermanent Losses By Cointelegraph

© Reuters.

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 AMM to blockchain. The Ethereum-based trading and lending platform also allows users to earn wagering rewards through various cash pools.

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