CoinSutra – Simplifying Bitcoin & Cryptocurrency
🔥Buy BNT token on Binance: / 👉🏻Tweet source: 9 🔥 Access Bancor network: / ⛳️ How Bancor protects from Impermanent loss: t 🏆 Bancor on DefiPulse: r Hey CoinSutra users, In this video you will learn how to provide liquidity of UNI token to Bancor.network, and earn 45% APY. The best part about Bancor.network is, you can provide single side liquidity and with its new mechanism, it protects from impermanent loss. “In Bancor v2.1, we decided to take a different approach. What if we could eliminate impermanent loss for LPs by shifting the risk to the Bancor Protocol? What if we allowed the protocol’s owners—BNT holders—to not only manage the risk, but also participate in the upside via swap fees collected by the protocol. By diversifying the risk of impermanent loss across a wide array of pools, we could potentially deploy a system where the revenue from swap fees exceeds the network-wide cost of IL insurance. This is effectively how Bancor v2.1 works. The protocol co-invests BNT alongside liquidity providers so when an LP supplies liquidity to a given pool, the protocol provides an equal value of BNT to the other side of the pool. The protocol generates fees off this liquidity, which are eventually burned along with the co-invested BNT whenever the LP withdraws their liquidity. The burned fees are used to compensate the LP for any impermanent loss on their stake when they withdraw, while any excess burned fees are used to reduce the overall supply of BNT (benefitting all BNT holders). ” This video was brought to you by Coinsutra. Join the most popular Bitcoin community: m Twitter – a Telegram – a Facebook – / —————— Disclaimer ————————- CoinSutra.com is a high-quality cryptocurrency resource for beginners & advanced users to stay updated with the growing digital currency industry. This video is a copyright of CoinSutra Copyright ©️ 2020 Coinsutra – Bitcoin Community The content published on CoinSutra – Simplifying Bitcoin & Cryptocurrency Youtube Channel is for informational, educational and recreational purposes only and should not be considered to be a legal, tax, accounting or any other professional advice. This video does not replace the need of a professional advice and should not be taken as one. CoinSutra is not responsible for any loss or damage that arise by using any advice mentioned in the video. The information shared in this video is intended solely for the personal non-commercial use of the user who accepts full responsibility of its use. While we have taken every precaution to ensure that the content is both updated and accurate, errors may occur. The information in this video is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. Results in a financial market are always unpredictable, past performance of any investment does not guarantee its future performance. The recommendations and reviews do not guarantee performance of an investment, nor should they be viewed as an assessment of an investment. Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use. These videos are indented for audiences older than 13 years of age. An individual under 13 years of age should not watch this video.