Bancor is launching a new on-chain trading protocol called Carbon, which makes automated on-chain trading easier and more advanced.
In a post-FTX world, decentralized exchanges (DEXs) are finally gaining ground versus centralized exchanges (CEXs), and Carbon aims to bring the next wave of traders on-chain.
Carbon flips the concentrated liquidity model popularized by Uniswap V3 on its head. Users have historically been required to provide liquidity in one price range. With Carbon, users can create a single concentrated liquidity position that buys in one price range and sells separately. These capabilities give users unprecedented control to execute novel trading strategies on-chain, including native limit and range orders and recurring “buy low, sell high” strategies.
In a post-FTX world, decentralized exchanges (DEXs) are finally gaining ground versus centralized exchanges (CEXs), and Carbon aims to bring the next wave of traders on-chain.
Carbon flips the concentrated liquidity model popularized by Uniswap V3 on its head. Users have historically been required to provide liquidity in one price range. With Carbon, users can create a single concentrated liquidity position that buys in one price range and sells separately. These capabilities give users unprecedented control to execute novel trading strategies on-chain, including native limit and range orders and recurring “buy low, sell high” strategies.
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NewsTranscript
00:00 Cryptocurrency is a volatile market.
00:05 Everyday prices are moving at rates that dwarf traditional equities.
00:09 Although this can be daunting for some, smart traders can take advantage of these peaks
00:13 and valleys to profit.
00:14 The classic "at age, buy low, sell high" still applies.
00:17 But constantly monitoring price action across multiple currencies can be exhausting and
00:23 it's just not feasible for many.
00:24 Carbon has just launched a custom-built decentralized exchange, or DEX, to solve this.
00:30 It makes automated token trading easy and straightforward.
00:33 Trading strategies from simple to advanced can be implemented with a few clicks and zero
00:38 coding.
00:39 Say for example you want to follow a buy low, sell high strategy to trade ETH in a sideways
00:44 market.
00:45 You can set Carbon to automatically buy ETH once ETH falls in the $1800 to $1900 range
00:51 and sell ETH in an upper range of $2100 to $2200.
00:55 To use Carbon, you simply need to go to app.carbondeepbuy.xyz.
00:59 Connect your wallet, then choose a trading pair, say ETH/USDC.
01:05 Then choose whether it is a one-time or reoccurring strategy.
01:09 Set the buy and sell ranges and amounts.
01:11 Hit create.
01:12 You're done.
01:13 It's that simple.
01:14 By fusing the feature-rich trading functionality of a centralized exchange with the access
01:19 and transparency of an on-chain automated market makers, Carbon unlocks the future of
01:23 decentralized trading.
01:25 Take emotion out of the game.
01:27 Automate your trading strategies on-chain with unmatched control and flexibility.
01:32 Carbon is the smarter way to trade.
01:33 Any token, anytime.
01:35 Check out carbondeepbuy.xyz to get started.
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