RE: ThorChain - Impermanent Loss Protection is a lifesaver

3 mo
0 Min Read
36 words

Bancor was innovating to achieve impermanent loss protection. Great to have more projects pulling off the same. I'm patiently waiting for @leofinnace DeFi projects to eventually do the same.


Posted Using LeoFinance Beta

I agree, Impermanent Loss during a bear market is pretty harsh. Adding this kind of protection will motivate LPs to stay longer and ensure them they will not go broke based on a temporary evolution one way or the other. Still, it requires better tokenomics for the involved DeFi asset(s).


Bancor ended up facing some issues because of the features they implemented. Let's wish for better things for ThorChain. If there were some complex mechanism to pool multiple assets into a single pool where users can contribute only one asset, it would be amazing. But that would be a massive task to accomplish.