There are a lot of failures in crypto and DeFi history. Exploits, hacks, and failure of models have all lead to billions in losses for average traders. Bancor, the original AMM, experienced such a failure in June of last year...
Bancor for most of DeFi is the forgotten pioneer that built the foundations of everything we have in DeFi. The first AMM sprung forth from an attempt at building localized niche currencies and after being passed over by some ...