Wtf....Withdraw some QNT from V2....no fee.....upgraded rest to V3....now there

Question

Bancor Protocol

Mark aka waykiwayki

Wtf....Withdraw some QNT from V2....no fee.....upgraded rest to V3....now there

is a cool down and fee....I thought v3 would be better? Looks like Bancor taking more than before...pls explain.

#bancor #blockchain #cryptocurrency #english

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12.06.2022

1 ответов

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Carlo AmaZix · Accepted Answer

Hi there, Mark! On Bancor V3, users are able to deposit their favorite token single sided with instant Impermanent Loss Protection. To provide these features and make sure the protocol remains secure, withdrawals are subject to a 7-day cooldown period and a 0.25% withdrawal fee (determined by the Bancor DAO). The withdrawal fee goes to the protocol as an insurance to compensate in case of Impermanent Loss. This further explains it as well - https://support.bancor.network/hc/en-us/articles/4676348348818-Why-is-there-a-withdrawal-fee-and-cooldown-

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Wtf....Withdraw some QNT from V2....no fee.....upgraded rest to V3....now there

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