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Incorrect. Bancor, the first DeFi protocol and ICO, is in deficit (liabilities exceed assets). They offered 100% impermanent loss protection. Now, liquidity pr
by dannyw 4y ago
Incorrect. Bancor, the first DeFi protocol and ICO, is in deficit (liabilities exceed assets).
They offered 100% impermanent loss protection. Now, liquidity providers like me who deposited ETH are down 50%.
It's only about a $18 million hole, but the Switzerland "non-profit" Bancor Foundation that has raised hundreds of thousands of ETH in ICO is nowhere to be seen.
- WXLCKNO 4y ago100% impermanent loss protection seems like a fundamentally flawed concept. At least it seems too good to be true.
- null0pointer 4y agoEthereum was the first ICO.