THORChain is conducting a node vote to remove impermanent loss protection, and the change will be implemented within 30 days.

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Cointime2023/11/09 03:06

By:Cointime

THORChain announced on X platform that it is conducting a node vote to cancel impermanent loss protection (ILP). Previously, it was planned to cancel the ILP for new deposits from January 23, but old positions are still protected. The change will take place within 30 days. LPs who do not wish to provide liquidity without ILP need to withdraw in a timely manner and consider using Savers as an alternative. If this vote is passed, all positions will immediately lose their protection indefinitely. In addition, the nodes have been asked to suspend voting for about 30 days to give LPs time to react to the upcoming changes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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