Bancor 3 is set as The Ultimate DeFi Liquidity Solution to drive healthy liquidity and sustainable yields for token holders, token projects, DAOs and the DeFi ecosystem as a whole.
Bancor 3 introduces a new Omnipool architecture that dramatically simplifies the protocol’s contract, improving efficiency and usability at every touchpoint. New features include Unlimited Single-Sided Staking, Instant impermanent protection (read about IL by clicking here), Auto-Compounding Rewards, Dual Rewards , and additional External IL protection by 3rd party projects. These features are subject to the withdrawal cooldown and a 0.25% withdrawal fee.
By making liquidity provision into AMMs safer and simpler for everyday users, Bancor 3 puts DeFi liquidity back in the hands of DAOs and their token holders.
- Unlimited Single-Sided Staking
Provide liquidity and earn yield in a single token. No need to pair 50/50 or buy another asset. No deposit limits.
- Single BNT Pool
A single place to stake BNT and earn revenue from the entire network of liquidity pools.
- Instant Impermanent Loss Protection
Receive 100% Impermanent Loss Protection from the moment your tokens are staked. No need to wait 100 days for full protection.
- Auto-Compounding Rewards
Earnings from trading fees and rewards are auto-compounding, enabling a truly “set and forget” staking experience.
- Dual Rewards
Third-party token projects can now incentivize liquidity on Bancor, so users can earn both BNT and non-BNT rewards which are auto-compounding and free from Impermanent Loss.
- Lower Gas Fees
The new Omnipool architecture allows for trades to be processed in a single hop instead of two, ensuring optimal trading routes. The Omnipool also simplifies the protocol’s contract architecture to enable lower gas costs on depositing and withdrawing.
- Smart Portfolio
A new front-end interface gives full transparency into actual net earnings (“LP vs. HOLD”) on your deposited tokens.
Read the full medium blog here
Original proposal can be viewed here
We're also available to chat in our various communication channels.