Bancor is delighted to announce the launch of Carbon DeFi on Celo, which just surpassed Ethereum in daily transactions, quickly gaining traction as a dominant player in the industry and solidifying its potential as a leading blockchain network.
By extending its reach to Celo, Carbon DeFi is strategically positioning itself for accelerated growth and increased market share all while showcasing the continuous evolution of its technologies and together paving the way for greater access and financial empowerment.
Carbon DeFi, now live on Celo at celo.carbondefi.xyz, is a sophisticated yet simple to use DEX (decentralized exchange) that expands beyond the capabilities of traditional orderbooks, bringing an unparalleled trading experience to the Celo network.
Key Highlights
Zero Trading & Gas Fees for Makers
Makers benefit from zero trading and gas fees on executed orders, making it a cost-effective solution for high-frequency traders.
MEV Sandwich Attack Resistance
Thanks to its advanced technology, Carbon DeFi protects orders from sandwich attacks ensuring secure and efficient trading.
Suite of Order Types
Explore a wide range of orders, from simple to sophisticated, including limit, range, concentrated liquidity, and Carbon DeFi’s signature recurring buy/sell strategies.
Zero Slippage
Have full control over the prices at which they want to trade, offering flexibility and precision in executing trading strategies.
Custom Fee Tiers
Choose a custom fee tier, AKA spread, to determine your own profit margin.
Auto-compounding Fees
Concentrated positions on Carbon DeFi auto-compound your profits.
On the Fly Adjustability
Easily edit prices, budgets, and more without having to withdraw, redeposit, and recreate positions allowing you to move as quickly as the market does.
Linked Liquidity
Carbon DeFi features linked orders with liquidity that automatically rotates between them. As one order fills, new tokens fund the opposite order, ensuring continuous trading activity.
Portfolio Analytics
Carbon DeFi offers you the most comprehensive position analytics of any DEX with real-time trading activity and fully exportable history as a CSV format.
Built-in Solver Network: Bancor’s Arb Fast Lane
The integration of Bancor’s Arb Fast Lane positions it as a de facto taker of the system, acting as a built-in execution bot/solver. It optimizes arbitrage opportunities and enhances liquidity across trading venues, ensuring trades are executed swiftly and efficiently.
Beyond Carbon DeFi itself, the Arb Fast Lane arbitrages Uni V3, Ubeswap, and Sushiswap, seamlessly moving liquidity across these different DEXs, creating a more balanced and liquid ecosystem for the Celo Network.
A Win-Win
The excitement surrounding the deployments of Carbon DeFi and the Arb Fast Lane extends beyond Celo and Bancor. These initiatives were made possible by a unanimous decision from the Bancor DAO on a proposal highlighting the Credit Collective's strong interest and commitment to ensuring deep liquidity in Carbon DeFi.
The support from the Credit Collective, a global network of builders, investors, LPs, and visionaries dedicated to developing next-generation credit solutions, underscores the importance of this initiative.
"The deployment on Celo is unique, thanks to its specific use case," explains Tomer Bariach, CEO of the Credit Collective. "The combination of Celo's focus on the real-world adoption of stablecoins and Bancor's tools is exactly what's needed to drive widespread acceptance."
Looking Ahead
Bancor is not only enhancing its ecosystem—a testament to its commitment to growth and innovation—but also contributing to Celo's vision of a decentralized and inclusive financial future, along with the Credit Collective’s focus on the real-world adoption of stablecoins.
Bancor’s recent deployment on Sei v2 demonstrates its capability to drive significant advancements. If this is any indication of what’s to come on Celo, the future looks promising.
Stay tuned for more updates as Bancor continues to expand, grow, and redefine the landscape of decentralized finance. The journey has just begun, and exciting developments are on the horizon!
