New fix for curse of Impermanent Loss proposed on Avalanche
Avalanche-based decentralized finance (DeFi) protocol Trader Joe claims it may have found a way to mitigate one of DeFi’s biggest weaknesses — impermanent loss. In a newly released whitepaper on Aug. 23 called the JOE v2 Liquidity Book, authored by Quant developers and researchers Adam Sturges, “TraderWaWa”, “Hanzo” and software engineer “Louis MeMyself”, the developers […]
Bancor introduces new staking pools and instant impermanent loss protection
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 […]
Bancor v2.1 report: Swap fees exceed impermanent loss insurance costs
Bancor has released a status report for its v2.1 decentralized exchange upgrade, covering the performance of its decentralized exchange over the last three months. According to the document, the total liquidity increased by almost 100%, resulting in the platform earning about $1.12 million in cumulative swap fees. Bancor’s report noted that the fee earnings were […]