Defi exchange Bancor Protocol announces functions of his long-awaited V3

• Bancor 3 introduces a lot of new functions, such as
• A new function called Infinity Pool will help to cancel deposit limits for the Bancor Liquidity Pool.

The Bancor Protocol for Decentralized Borders (Dex) recently revealed the details and functions of its long-awaited third version. The new version called Bancor 3 will introduce new functions to increase the commercial volume. In addition, investors will also enable their favorite token to earn and seamlessly.

At the moment, the decentralized staking platform Bancor investors enables you to earn with a single-token exposure together with complete protection against temporary losses. The new functions introduced by Bancor 3 enable the automatic composition for staking rewards together with lower benzine fees.

of BANCOR 3 functions

The decentralized trading platform Bancor 3 will concentrate on the creation of a “set and forget” ecosystem of staking token on the platform. The upgrade will also introduce the automatic composition for staking rewards. In addition, liquidity providers (LPS) can earn more Bancor Network Tokens (BNT) and other demolished tokens.

User of Bancor 3 also gives access to the full protection against temporary loss as soon as they start stiling their tokens. The current version of Bancor 3 only offers this function after 100 days of staking.

The new functions of Bancor 3 also includes an omnipool that enables all trades on the platform in just one transaction. It will help reduce the gas fee considerably and at the same time to increase the platform efficiency exponentially. So far, the use of BNT for the processing of transactions to Bancor has been mandatory, which was not the case with Bancor 3. The omnipool function will also enable capital efficiency by introducing liquidity to strategies on the platform.

Another function called Infinity Pool helps to lift deposit limits for the Bancor Liquidity Pool. Infinity pool will also ensure marketing and superfluid liquidity. This helps with internal and external fees.

Another important feature of Bancor 3 is the support of MultiChain and Layer 2. It also includes protection against temporary losses by third parties. In addition, Bancor 3 Chainlink Keeper will integrate into the protocol.

to the development said Nate Hindman, Head of Growth at Bancor: