Bancor pauses impairment loss protection citing ‘hostile’ market conditions By Cointelegraph

Bancor pauses impairment loss protection citing ‘hostile’ market conditions

Cryptocurrency Jun 20, 2022 08:40AM ET

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Bancor pauses impairment loss protection citing ‘hostile’ market conditions

Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impairment loss protection (ILP) function on Sunday, citing “hostile” market conditions.

In a blog post on Monday, the DeFi protocol noted that the ILP pause is a temporary measure to protect the protocol and the users. The blog post read:

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Bancor pauses impairment loss protection citing ‘hostile’ market conditions

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