News/Bancor's Impermanent Loss Protection Temporarily Paused

Bancor's Impermanent Loss Protection Temporarily Paused

Jun 20,2022,11:13
Decentralized exchange Bancor announced that its Impermanent Loss Protection is temporarily paused due to hostile market conditions, and will be reactivated on the protocol as the market stabilizes. Bancor says that the funds on the protocol are secure and trading remains active on all liquidity pools on the network, but deposits are currently not accepted. Withdrawals performed during the unstable period will not be eligible for IL protection. Users who remain in the protocol will continue earning yields and be entitled to withdraw their fully-protected value when IL protection is reactivated.
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