Bancor 3 introduces new stacking pools and loss protection | DeFi Protocol

Bancor 3 introduces new stacking pools and loss protection

Bancor 3 will have instant non-permanent loss (IL) protection, an unlimited deposit betting pool and Omnipool offering a share of commissions generated from the entire platform.

Decentralized Automated Market Maker (AMM) Bancor is set to launch new stacking pools and upgrade its non-permanent loss protection mechanism as part of the Bancor 3 update.

Bancor (BNT) was founded in 2017 and was the first DeFi protocol to implement AMM on blockchain. The Ethereum-based exchange and lending platform also allows users to be rewarded for stacking through various liquidity pools.

In a Nov. 30 blog post about the upcoming Bancor 3 update, the platform announced several new features and updates, including Omnipool, Infinity pool and "Instant Impermanent Loss Protection."