It is exciting to announce that Carbon DeFi’s smart contracts have made their way onto Base with the official launch of “Graphene” by Velocimeter!
Graphene, the first third-party DeFi protocol to harness Carbon DeFi’s technology, unveils a comprehensive suite of trading tools to the Base community including Limit, Range, and Recurring Orders, along with the next-gen concentrated liquidity, Overlapping Liquidity.
These capabilities offer advanced functionalities without compromising on simplicity, allowing users to customize their trading and liquidity strategies with unparalleled precision and flexibility. This powerful combination not only revolutionizes the user experience in managing liquidity positions but also marks a significant leap in enhancing the adaptability and efficiency of trading on Base.
Limit Orders: This traditional tool allows traders to specify precise buy or sell prices, mirroring the functionality of a centralized exchange. Additionally, there are no trading or gas fees incurred on orders that have been executed.
Range Orders: This unique scaling in/scaling out feature, distinctive to Carbon DeFi, enables trading within designated price brackets, making it perfect for gradually entering or exiting a position. For instance, one could set an order to buy ETH if its price dips into the $2300-$2000 range, eliminating the need to time the market or call the exact top or bottom.
Recurring Orders: This exclusive feature streamlines trading by linking buy and sell orders, automatically rotating your tokens between them, similar to the way a trading bot or grid trading would, simplifying complex scenarios and maximizing on market volatility. Recurring orders enable continuous buying low and selling high, automatically accumulating tokens and compounding profits with zero reliance on 3rd parties such as Keepers. Not only that, but strategy makers incur zero trading and gas costs when their strategies are traded against and their orders are filled.
Overlapping Liquidity: The newest feature, a sophisticated advancement of concentrated liquidity, allows users to create positions within any price range in a gas efficient manner. In contrast to prototypical concentrated liquidity models, which have preset fee tiers, overlapping liquidity allows its creators to choose their own spread (AKA Fee).
An Innovative, Hybrid Approach to Onchain Market Making and Efficient Order Execution
Bancor’s Arb Fast Lane Protocol, an integral component of Carbon DeFi on Ethereum, has also expanded to its first Layer 2, making its way to Base alongside Graphene. This innovative, open-source arbitrage bot, is already integrated with multiple liquidity sources on Base, including Graphene. The Arb Fast Lane not only democratizes arbitrage trading by merging advanced technology with user-friendly functionality, but with its strategic design, ensures efficient order execution on Graphene, Carbon DeFi, and future third party deployments powered by Carbon DeFi’s smart contracts.
The Arb Fast Lane aligns Graphene's liquidity with prevailing market rates, and by requiring less technical expertise than traditional methods, invites the Base community to execute sophisticated arbitrage, earning nearly 50% of the trade, across various Base DEXes, including:
Velocimeter
Uniswap v3
Balancer
PancakeSwap v2 and v3
SushiSwap v2 and v3
Aerodrome
Alien Base v2 and v3
Base Swap v2 and v3
SwapBased v2
Scale Exchange
Dr. Mark Richardson, Bancor Project Lead
"Velocimeter's launch of Graphene on Base transforms the liquidity landscape. I understand users who refuse to relinquish their agency to the prescriptive trading strategy represented by the AMM paradigm. Velocimeter’s Graphene gives back your individuality and the most basic of financial freedoms - the ability to value your own property however you like."
Only a month in, and this year in crypto is already an eventful one, with Bitcoin’s ETF approval and block reward halving event signaling an oncoming bull market for many. However, Bitcoin isn't the only one making big moves this year. The deployment of Carbon DeFi's smart contracts onto Base marks the beginning of an important shift for Bancor, paving the way for a multi-chain presence and introduction of automated trading functionalities to different DeFi ecosystems through strategic licensing of its products to talented teams like Velocimeter.
Stay safe, stay strategic, and trade well with Graphene on Base.
For the Ethereum Enthusiasts: Carbon DeFi
For the L2 Lovers: Graphene on Base
For the Arbitragoors:
For additional information on Bancor technologies, or obtaining a license of your own, please reach out at [email protected].
Disclaimer: Users are advised to exercise caution and conduct their own due diligence before engaging with any DeFi projects. Bancor does not control the deployments or operations of 3rd parties who license Bancor technology, and although Carbon DeFi has undergone three comprehensive audits, there is no guarantee that the code itself or the protocols using the technology will function as intended. Bancor does not guarantee the safety or security of, and this announcement is not an endorsement of, any protocol.
