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Zug, Switzerland, 22nd November 2021,
One of the original creators of DeFi is aiming to fix one of the industry's most pressing problems.
When Bancor launched the first-ever DeFi liquidity pool in 2017, the project’s founders saw a tragic flaw in their invention: That when a token rises in price, investors are prone to lose money, fast. The issue, known as “impermanent loss”, costs users billions in crypto gains each year. Today, more than $20 billion staked in liquidity pools is affected.
Bancor released a solution in late 2020 that fully protects users from impermanent loss by insuring against the risk at the protocol level. Now, one year later and with over
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