Bancor 3 highlights:
The code for Bancor 3’s Dawn phase will be open-sourced in the coming weeks with a public bug bounty and eventually activated pending a vote by the BancorDAO. A target release is planned for early 2022. Bancor contributors will unveil Bancor 3 on Tuesday, November 30 at the upcoming Dcentralcon conference in Miami. At the event, community members will hand out custom “Safe DEX” Bancor condoms as a reminder to always use impermanent loss protection.
Nate Hindman, Bancor’s Head of Growth, said:
“Across the industry, the issue of impermanent loss threatens to undermine the core tenets of DeFi by making liquidity pools unusable by ordinary users, and accessible to only the most sophisticated and wealthy users. We must prevent DeFi from becoming a playground for the rich and connected to extract value from protocols and dump on everyone else — and this starts with fixing liquidity pools.”
Hindman added:
“Bancor 3 marks a new day for DeFi — one in which people and projects retake DeFi’s core building block to bring community-sourced liquidity to masses.”
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Source: Cryptocurrency - investing.com
