What is Carbon DeFi? Carbon DeFi is a trading protocol that supports trading strategies for traders. Trading strategy is a niche with quite potential for development and does not yet have many outstanding projects. The project is developed by Bancor, a long-standing DeFi project.
To better understand Carbon DeFi, please read this article until the end!
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What is Carbon DeFi?
Carbon DeFi is a trading protocol that supports trading strategies for traders. Carbon allows you to automatically execute trading strategies and set limit orders for a price range. That is, when the price is in the pre-set limit area, transactions are ready to begin for a period of time.
The strategy will be set according to the conditions and based on the price to execute. The Oracles will update the price for Carbon and keep it running. And thanks to that, it is also possible to create strategies to buy at low prices and sell at high prices automatically.
Users can create a liquidity position (Carbon strategy) that only buys in a certain price range or only sells in a certain price range until liquidity runs out in their strategy. Or they can set a periodic strategy to buy in one range and sell in a higher range, permanently, until the user chooses to stop the strategy.
Orders on Carbon easy to adjust directly on-chain and resistant to MEV attacks. These capabilities provide users with unprecedented levels of control and automation to execute new on-chain trading strategies.
Strategy Makers, also known as Makers, are considered market makers for trading. Strategies will not be aggregated but will be arranged and displayed as an order book. Makers will not focus on earning transaction fees as they mainly profit from arbitrage strategies.
However, Spot (spot) traders still have to pay a very small fee to the protocol which will be determined by Dao.
Development Roadmap
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Core Team
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Investors
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Tokenomics
Because Carbon is a product of Bancor, the protocol uses Bancor’s BNT Token to operate the economy.
Exchanges
BNT tokens are traded on Bancor Exchange.
Carbon DeFi Information Channel
- Website: https://www.carbondefi.xyz/
- Twitter: https://twitter.com/CarbonDeFixyz
- Discord: https://discord.gg/bancor
- Blog:
Summary
Carbon brings a new paradigm in market making through strategies and brings benefits to both traders and market makers. But the biggest problem is whether this method can satisfy deep and long-term liquidity as well as bring good prices?
So I have clarified what Carbon DeFi is? Hope this article brings you a lot of useful information and knowledge!