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Bancor introduces new staking pools and instant impermanent loss protection -Breaking

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© Reuters.

Bancor’s long-awaited Bancor 3 update will see new staking pool launches and improvements to the AMM (decentralized automated marketmaker) Bancor.

Bancor was created in 2017 as the first DeFi Protocol to be introduced. Blockchain AMMs. Users can also earn stake rewards through various liquidity pools via the Ethereum-based lending and exchange platform.