Is DeFi Really Decentralized?
Patrick Boyle On Finance
00:00
Bankors, Impermanent Lost Protection Is Temporarily Purged
Bankor is a decentralized crypto exchange that allows users to trade tokens. It basically works as an automated market making system. When things go well, you get a share of the profits. But when there are impermanent losses, which are just losses in the real world, bankor then prints some of its own b and t tokens and gives them to you to make you whole. And there are losses, but luckily, they're impermanent.
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