Liquidity pools and staking product Bancor has released its"Bancor 3" protocol, which has new features meant to provide easier staking, the company said in a release shared with CoinDesk on Wednesday.
“By helping token projects and their users safely and simply tap into DeFi yields, Bancor 3 enables robust and resilient on-chain liquidity markets that drive healthy token economies,” Richardson added. Single-sided staking consists of earning yields on just one token provided by a user to a Bancor pool to maintain 100% exposure to that token. A single-sided"pool token" will be issued to users in return, with these tokens rising or falling relative to the prices of the underlying tokens.
The auto-compounding features reinvest earnings back into the pools to generate higher returns. Meanwhile, dual rewards refer to third-party token projects and partners that can incentivize user liquidity and activity on Bancor.
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