Bancor Network temporarily closes its IL Protection amid ‘hostile market conditions’
DeFi trading and staking protocol Bancor Network has announced that it is temporarily closing its Impermanent Loss (IL) Protection.
Bancor Network temporarily closes IL Protection
Bancor Network, which claims to be “the only DeFi trading and staking protocol with Single-Sided Liquidity and 100% Impermanent Loss Protection,” has closed its Impermanent Loss Protection, citing “hostile market conditions.”Per the official announcement, withdrawals performed during this “unstable period” would not be under the IL protection, and the users who remain to use the protocol would continue earning yields. Bancor Network stated that such users are “entitled to withdraw their fully-protected value when IL protection is reactivated.”
Notably, the decision will not affect the trading on all liquidity pools on the network. However, Bancor is not accepting deposits at the moment to “prevent confusion via direct contract interaction where the information on paused protection is not visible.”
Bancor Network believes that this temporary measure is necessary to protect the protocol and its users. It said the move should give the protocol “some room to breathe and recover.” It also cleared any clouds around the chances of an attack by stating that all the funds on the protocol are secure.
Consequences of crypto winter
The unfavorable market conditions have affected almost every crypto company. Several crypto exchanges are in a hurry to save themselves by downsizing their workforce. While on the one hand, Gemini laid off 10% of its staff, Coinbase Global Inc has also announced the retrenchment of around 18% of its global workforce.However, despite the ongoing meltdown, several companies have taken a positive approach to deal with it. Recently, crypto exchange Kraken announced its plans to hire over 500 new employees before the end of 2022.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
