Velocimeter, the first licensee to deploy Carbon DeFi’s smart contracts, has now extended Graphene’s reach beyond Base and onto Fantom, a highly flexible and efficient framework perfectly suited to its advanced orderbook-like features. By merging the technological advancements of Carbon DeFiwith the high-speed and efficient infrastructure of Fantom, Velocimeter, through its launch of Graphene, proudly brings the Fantom community unrivaled precision and flexibility in their trading endeavors.
The Fantom community is now able to tailor make sophisticated trading and liquidity strategies through Graphene’s comprehensive suite of order types powered by Carbon DeFi.
Limit Orders: Similar to the functionality of a centralized exchange (CEX), limit orders allow users to specify a single price to buy or sell a token. Eg. Buy ETH at $3700.
Range Orders: Ditch the dozens of limit orders and scale in/out with this novel range trading feature. Range orders enable buying or selling within two specified price points, making them ideal for methodically entering or exiting positions. This approach eliminates the risk of needing to perfectly time the market or predict the exact peak, which could lead to sacrificing profits if the anticipated peak is not reached. Eg. Sell ETH from $6000 to $6400.
Recurring Orders: This exclusive feature links two separate buy and sell orders, consistently buying low and selling high with all newly acquired tokens automatically rotating to the opposite order. Native to the protocol, recurring orders function with zero dependency on external services such as keepers or oracles, and incur zero trading and gas fees when filled. Designed to thrive on market volatility and to simplify intricate trading scenarios, recurring orders function similar to a trading bot or grid trading system, compounding profits and autonomously growing token holdings. Eg. Only buy ETH at $3700 and only sell ETH from $6000 to $6400.
Overlapping Liquidity: This advanced form of concentrated liquidity enables users to create positions within any price range in a gas efficient manner. Unlike the fixed fee tier of traditional concentrated liquidity models, overlapping liquidity offers greater control over a liquidity strategy by giving its users the freedom to set their own bid/ask spread.
Dr. Mark Richardson– Project Lead at Bancor
“With the deployment of Graphene and the Arb Fast Lane on Fantom through our collaboration with Velocimeter, we’re not just expanding our technological footprint; we’re knitting together the unique strengths of Fantom’s infrastructure with our vision for a more nuanced and accessible DeFi. This venture is a reflection of our commitment to thoughtful innovation and the practical empowerment of our users, blending the robust capabilities of Fantom with the advanced features of Carbon DeFi to foster a DeFi environment where precision and flexibility are simply given.”
A Protocol for Efficient Order Execution
Bancor’s Arb Fast Lane Protocol is a cornerstone of the Carbon DeFi trading system, meticulously crafted to see that orders are efficiently filled on Ethereum with Carbon DeFi, along with all licensed deployments powered by Carbon DeFi, including Graphene on both Base and Fantom. The Arb Fast Lane is now live on Fantom and seamlessly integrated with numerous liquidity sources, including:
Velocimeter
Graphene
Equalizer
HyperJump
KnightSwap
SoulSwap
SpookySwap
Sushiswap v2 and v3
WigoSwap
Beethoven X
The Arb Fast Lane is a permissionless, open-source framework that searches and performs complex arbitrage transactions, blending sophisticated technology with a lesser requirement of technical knowledge. Bancorencourages the Fantom Community to run the Arb Fast Lane, earning nearly 50% of the arbitrage profit.
With the launch of Graphene and the Arb Fast Lane on Fantom, the community is now equipped with a suite of sophisticated trading and market-making tools that go well beyond the standard offerings of typical decentralized exchanges (DEXs).
On the Horizon
The launch of Carbon DeFi’s smart contracts on a second Layer 2 network marks 2024 as a transformative year for Bancor. By strategically licensing its cutting-edge technology, Bancor is further solidifying its foundational role within decentralized finance, and this expansion underscores its substantial evolution, setting the stage for a rapidly growing ecosystem and prominent presence across various blockchain networks.
For additional information on Bancor’s 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.
