In this update we’ll cover:
Carbon Beta Stats
Trading Competition + Top APRs
Integrations
Governance
Community & Content
Carbon Beta Network Stats
Carbon has seen a significant increase in user activity in recent weeks, with a large rise in strategies and trades executed via the carbondefi.xyz app, trade aggregators and directly onchain.
As of this writing, the Carbon beta has seen over $1.15M in liquidity deployed across 200 strategies, and over $500K in total volume. That’s a 267.41% increase in liquidity and 405.15% increase in volume in the past month.
📊 Track Carbon network stats on analytics.carbondefi.xyz or on this brand new Dune dashboard.
Protocol Arbitrage
The Carbon arbitrage framework, powered by Fast Lane, continues to earn fees for the protocol while enabling efficient strategy execution. The Fast Lane recorded its largest daily protocol earnings to date on June 14th (2,658 BNT). Recent gas optimizations are expected to further improve arb efficiency.
🤖 Learn how to run your own arbitrage bot using Fast Lane, or get support in the Carbon Telegram channel.
Carbon’s ROI Trading Competition
Carbon’s ROI trading competition is live! Unleash your trading skills and compete with fellow community members to achieve the highest ROI. Win USDC for top-ranking strategies and swag along the way. The competition lasts until July 11, 2023, and existing strategies deployed before the competition’s start date also qualify —just claim the competition NFT on Galxe.
💰 More details: carbondefi.xyz/tradecarbon
One week into the competition, leading wallets are already posting double-digit APRs 👀
Breakdown of the top 3 leading strategies:
Trader 0x6E..531
Pair: ETH/USDC
Strategy type: recurring, 2 ranges
ROI: 1.52% (78.81% APR)
Sell ETH range: 1975–2300 USDC
Buy ETH range: 1600–1850 USDC
Funding:
Start: 0.55529 ETH, 1008.37 USDC
Current: 0.99385 ETH, 272.56
2. Trader 0xBa..b67
Pair: WBTC/USDC
Strategy type: recurring, 2 ranges
ROI: 1.08% (55.75% APR)
Sell WBTC range: 27,187–31,000 USDC
Buy WBTC range: 19,750–25,603 USDC
Funding:
Start: 0 WBTC, 21,010 USDC
Current: 0.09713 WTBC, 18558.58 USDC
3. Trader 0x36..6f6
Pair: ETH/USDC
Strategy type: recurring, 2 limits
ROI: 0.95% (49.20% APR)
Sell ETH limit: 2090 USDC
Buy ETH limit: 1710 USDC
Funding:
Start: 2.8 ETH, 4997 USDC
Current: 5.72254 ETH, 0 USDC
🏆 Think you’ve got what it takes? Enter to win today.
🎉 More ways to win: Incentivized Dappback tasks are also live, with USDC prizes up for grabs!
Integrations
InsurAce
You can now insure your Carbon strategies using InsurAce, one of the industry’s leading decentralized insurance protocols! As of this writing, there’s nearly $200K in capacity and rising!
🛡Get protected: https://app.insurace.io/coverage/buycovers
DeBank
A proposal to integrate Carbon is live on DeBank, a leading portfolio analyzer. Over $10m in total voter value has voted in support of the integration.
🗳 Support the initiative, and upvote the proposal: https://debank.com/proposal/5411
DEX Aggregators
Aside from Carbon’s existing integration with OpenOcean, a number of integrations with leading DEX aggregators are in the works and expected soon, so stay tuned!
Governance
There is a proposal in Bancor governance to create a protocol-owned strategy on Carbon valued at roughly $4–5 million using protocol-owned liquidity. The BancorDAO is currently discussing how to create the strategy and which token pair to create the strategy with. DAO participants have proposed using a stablecoin/stablecoin recurring strategy (e.g., USDC/USDT) or an ETH-LST/ETH-LST recurring strategy (e.g., rETH/wstETH) due to these token pairs trading in relatively predictable ranges and requiring minimal maintenance by the DAO.
🏛 See the proposal here: https://gov.bancor.network/t/consolidating-recent-proposals-by-alphavalion/4330
Community & Content
EthCC
Attending EthCC next month in Paris? Join us for a day dedicated to Token Engineering! Dr. Mark Richardson will present “Carbon — a Significant Change for Onchain Liquidity, and How We Designed it” on July 19th. More details
Carbon x Empire Podcast
Radix Podcast
Zeno: Backtesting Carbon Strategies
Spaces & Podcasts
Upcoming Thursday June 22: The power of DEX aggregators with OpenOcean
Upcoming Friday June 23: Comparing Uni v4 to existing trading protocols
What’s needed for DeFi to succeed Qredo and Liquity
Accessible DeFi with Mellow and Swell Labs
“Loss vs. rebalancing” in AMMs with DeFi Cheetah
Decentralized options and order books with Aori and Foxify
