Bancor Version 3 is Now Live On The Mainnet

Bancor, a well-known decentralised finance technology, has announced the release of Bancor 3. The mainnet release comes six months after the project initially revealed feature information. Bancor 3 is Now Live According to the official blog post, Bancor’s latest version aims to encourage broad and long-term participation in on-chain liquidity markets by simplifying passive liquidity provision in automated market-maker (AMM) liquidity pools. Following the news, Mark Richardson, Bancor’s Product Architect, said in a statement, “Bancor has spent the past several years creating the equivalent of high-yield savings account for DeFi: Deposit your assets, sit back, and earn. By helping token projects and their users safe and tap into DeFi yields, Bancor 3 creates robust and resilient on-chain liquidity markets that drive healthy token economies.” Version 3 was first revealed by Bancor in November of last year. The three-tiered launch comprises Dawn, which marks the start of Bancor 3. This phase tries to address the protocol’s previous version’s friction areas. It will also prepare the ground for the next two steps, Sunrise and Daylight. Enhancements and New Features Bancor stated that token projects’ techniques for generating long-term liquidity have been inadequate thus far. According to the blog, many token holders are afraid to transfer their assets to liquidity pools because of the dangers associated with negative Impermanent Los...