Zug, Switzerland, June 9, 2022 (GLOBE NEWSWIRE)-More than 100 tokens including AAVE, AXS, BAT, ENJ and MATIC have been decentralized and liquidity since Bancor 3 was soft-launched in mid-May. Published in protocol, SNX, USDC, USDT, wNXM, WOO, YFI.Users can now provide liquidity for newly onboard tokens bancor.network Get a one-sided yield with zero risk of permanent loss.
The launch of Bancor is in the midst of a period when considering the DeFi industry. Token holders are at high risk of driving DeFi growth and are wary of frequent strategies, which often leads to significant user losses. Users are looking to increasingly safe places to park their assets. There, yields are determined by actual user activity, not short-term inflation incentives.
Since Bancor 3 launched last month with four tokens, ETH, LINK, DAI and BNT, more than 2,000 users have provided more than $ 300 million in liquidity.The average yield is Climb steadily, LINK’s 24-hour APR has recently fluctuated between 5-10% on transaction fees alone. With over 100 tokens running, Bancor will not only “HODL” through ongoing market volatility for risk-averse users, but will also earn passive and protected yields with their favorite tokens. Ready to be the preferred solution.
Bancor 3: HODL & Earn solution for the next chapter of DeFi
Two years after the 2020 DeFi summer, most DeFi users are tired of chasing back and forth between farms with volatile yields. Misleading APR And it suffers from the side effects of inflationary incentives that ultimately damage the token projects that offer them.
Bancor allows token owners to deposit in a decentralized liquidity pool and make profits with 100% protection against single-asset exposure, automatic compound interest, and perpetual losses, making token projects costing. We help build sustainable on-chain liquidity without the need for such incentives. Token holders are encouraged to stay in the pool for the long term as they can provide liquidity with low risk and little maintenance.
“The DeFi industry is now looking for a more reliable source of passive yields,” said Arthur Cheong, founding partner of. Defiance CapitalBancor’s network token, holding a position in BNT.
Cheong said: “Bancor 3 has emerged as the home of DeFi’s HOD Ler. With one-sided liquidity and immediate permanent loss protection, Bancor can reduce risk and make profits on long-term holdings with little or no maintenance. Yes, this is a truly “set and forget” strategy for both bull and bear markets, and we look forward to seeing Bancor 3 open the door to additional assets in our portfolio. “
Mark Richardson, Bancor’s Chief Product Officer, said: .. But this time, liquidity is sustainable because the incentive structure and loss protection help maintain liquidity. “
Bancor3 codebase recently 96% safety score From security company DeFi Safety. At the time of writing this, it is the second highest score of over 240 protocols reviewed by the company.
What to expect
Users can now earn DeFi yields with unlimited one-sided liquidity and immediate permanent loss protection on all of Bancor 3’s 100+ tokens. Dual rewards and automatic compound interest rewards are in the final stages of testing and auditing and will be effective shortly. Further supports competitive and protected yields across the network. When dual rewards are released, 30 DAOs Plan to provide IL-protected incentives in the Bancor3 pool.
See brand new bancor.network Try trading and liquidity offerings with the new Bancor3 protocol.