The Bancor DAO has unanimously approved the Proposal to Deploy Carbon DeFi on the Upcoming COTI V2, the first privacy-centric Ethereum Layer 2 set to launch in Q1 2025.
Essential Proposal Takeaways
Carbon DeFi has demonstrated exceptional performance on fast, cost-effective chains, making it a strong fit for COTI V2.
COTI has pledged to support the deployment by ensuring deep liquidity on Carbon DeFi.
The Arb Fast Lane will be deployed alongside Carbon DeFi to enhance trading efficiency.
Fees will be used in the same way they are in the Ethereum, SEI, and CELO deployments.
Bancor’s announcement generated significant excitement, and with the support of the COTI Foundation, it garnered nearly 200 retweets and 500 likes– demonstrating overwhelming support for the collaboration.
https://x.com/Bancor/status/1864390828967260356
COTI Connect X Spaces
Building on the excitement from the announcement, Bancor’s Project Lead, Dr. Mark Richardson, was a featured guest on COTI Connect X Spaces the following day. During the call, he discussed Bancor’s legacy in DeFi and shared valuable insights into the collaboration with COTI. Here are a few key highlights from the conversation:
• The Start of the Collaboration
Insights into how the collaboration with COTI V2 materialized and why he personally finds COTI’s technology, Garbled Circuits, to be “a breath of fresh air.”
https://x.com/whoistracer/status/1865899742548656447
• Bancor’s Legacy
A brief overview of Bancor’s contributions to DeFi, including the invention of the Automatic Market Maker (AMM) in 2017, Concentrated Liquidity in 2020, and Carbon DeFi’s Asymmetric Liquidity in 2022.
https://x.com/whoistracer/status/1865975595555049642
• What is Carbon DeFi?
A high-level overview, highlighting Automated Recurring Orders.
https://x.com/whoistracer/status/1865981720732057790
A Closer Look at Carbon DeFi
Carbon DeFi is an orderbook-style DEX offering four distinct types of liquidity positions, giving users greater control over their funds while providing access to liquidity across the entire network.
Directly integrated with Bancor’s Arb Fast Lane, an advanced arbitrage trading bot, Carbon DeFi helps ensure efficient order fulfillment by leveraging chain-wide liquidity from all major DEXes.For more on Carbon DeFi, see Carbon DeFi 101 — Simply Powerful Trading and the Carbon DeFi TL;DR.
COTI V2
Lighter: Up to 250x less computation and storage than traditional privacy solutions, enabling operation on any device.
Faster: Transactions settle up to 10x faster than existing privacy smart contracts.
Private: Encrypts transaction details, visible only to involved parties, while allowing network computations.
Stay tuned for more updates as the launch of COTI V2 draws closer, and be sure to check out the full episode of COTI Connect X Spaces with Dr. Mark Richardson, for more on Bancor, Carbon DeFi, and COTI V2.
https://x.com/i/spaces/1YpKklvmvZyGj
