Have you ever felt restricted by the usual onchain trading options? You’re not alone.
But what if there’s a whole new arena for your trading strategies?
Many are yearning for more flexible and dynamic trading environments, which is exactly why there’s so much buzz surrounding Bancor’s latest technology.
Its orderbook-like features allow you to create a trading strategy using any two standard ERC20 tokens on Carbon DeFi and its licensed deployments, including Graphene by Velocimeter.
The takeaway?
“Good Tech. I think I’m done with normal DeFi LP’ing now if Graphene is so good. Don’t need DEX emissions with ROI’s like that.”
The image above, borrowed from a discussion in the Graphene section of Velocimeter’s Discord, sums up the thoughts of hundreds of users that are not just participating, but thriving– reaping the benefits of using a DEX/Bot hybrid protocol, tailor-made for liquidity providers and traders.
What’s sparking such a strong reaction among traders?
For starters, we’ve all been conditioned to trade against the same 3 options:
Our stablecoin of choice
ETH
wBTC
It’s time to break the mold.
Let’s take a deeper dive to understand what I mean, starting with a closer look at the tokens featured in their trading strategies, Normie and Briun — two popular meme tokens on Base. These tokens aren’t just captivating due to their meme appeal; they’re also at the core of a few wildly successful trading strategies.
Normie
If held (HODL’d) since the start of the trading strategy:
• Profit: ~20% vs USDhttps://www.coingecko.com/en/coins/normie-2
Briun
If held (HODL’d) since the start of the trading strategy:
• Profit: ~16% vs USDhttps://www.coingecko.com/en/coins/briun-armstrung
Considering this was just 18 days ago, gains of 20% and 16% versus simply hodl’ing are impressive and far from disappointing.
But what’s better than being up 20% and 16%? Being up an additional 96.33%.
(Yes, I know that doesn’t match the image above but in the short time it’s taken me to write this article, additional trades have taken place, and the ROI has increased another ~8%.)
Now let’s take a deeper look at the first trading strategy in the image above, using the Activity Tracker.
Strategy Creation:
• April 6th
Type of Strategy:
Overlapping Liquidity (Double memecoin)
*Overlapping liquidity strategies are concentrated positions free from tick restraints, with the spread (aka fee tier) custom set by the user and profits autocompounding for the life of the strategy.
Starting Ranges:
Buy NORMIE: 8.49 BRIUN — 11.73 BRIUN
Sell NORMIE: 9.77 BRIUN — 13.50 BRIUN
Starting Balances:
58,612.25 Briun
2,532.47 Normie
Over the course of 18 days, this strategy was traded against 60 times, with the strategy maker incurring zero trading or gas fees.
*Makers pay a network gas fee to create a strategy and should they choose, to manage/edit prices. They do not pay any fees when their orders are filled.
Current Balances:
130,028 Briun
2,930.41 Normie
ROI vs HODL:
+96.33%
Tokens Positions:
Bruin +71,415.90
Normie +397.94
TLDR;
It’s Time to Unleash Your Trading Potential
Creating exotic trading pairs with a low volatility profile and high trading volume can be extremely lucrative. In this particular user’s case, 96.33% on top of HODL- kind of lucrative.
This isn’t just another incremental improvement;
it’s a complete overhaul of what we thought was possible in onchain trading.
Bancor is pushing the boundaries, offering traders the freedom to explore strategies that were previously unthinkable with traditional setups. The results of the above strategies are the perfect example, showcasing the benefits of a double memecoin strategy.
Discover the power and possibilities of trading with your own unique pairs. Visit CarbonDeFi.xyz/Simulate to experiment, backtest, and create your strategy today.
Experience firsthand the empowerment and advanced capabilities that await you!
For more on Carbon DeFi
Website | X/Twitter | Telegram | YouTube
Carbon DeFi is a product of Bancor and governed by the Bancor DAO.
For more on Bancor and its latest innovations
Website | Blog | X/Twitter | Arb Fast Lane Bot | YouTube | Governance
