Bancor 3 focuses on DeFi liquidity solution to enable healthy on-chain liquidity and sustainable yields for all ecosystem players.
Bancor’s latest version is focused on encouraging broad and sustainable involvement in on-chain liquidity markets by simplifying passive liquidity provision in automated market-maker liquidity pools.“Bancor has spent the past several years creating the equivalent of a high-yield savings account for DeFi: Deposit your assets, sit back, and earn.
Bancor said the main idea is to put DeFi liquidity back in the hands of DAOs and their token holders. As such, the improved version 3 introduces new protocol architecture with Omnipool, unlimited single-sided staking as a means to provide liquidity and earn yield in a single token, auto-compounding earnings via Chainlink Keepers integration, impermanent loss protection mechanisms, and revamped tokenomics, among other key features.
According to the team, the V3 release has already attracted over 30 token projects and DAOs such as Polygon , Synthetix , Brave , Flexa , Yearn , Enjin , WOO Network and Nexus Mutual . The protocols are offering seed liquidity on the network or providing liquidity incentives with the help of Bancor’s new customizable Auto-Compounding Rewards system.
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