.Bancor has released Bancor 3, which has new features designed to making staking easier. shauryamalwa reports.
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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