Bancor Expands to Fantom!
Bringing decentralized arbitrage and advanced trading capabilities to the Fantom Ecosystem
Just one month after making their debut on Base, their first Layer 2, Bancor technologies have swiftly expanded their presence to the Fantom network! The Arb Fast Lane Protocol and the smart contracts powering Carbon DeFi are now operational on Fantom, a highly flexible and efficient network with a growing decentralized finance (DeFi) ecosystem.
In November 2023, Bancor revealed its plans to license the smart contracts powering Carbon DeFi, marking a significant pivot towards a B2B model and a major turning point for the project. Since its inception in 2017, Bancor has been at the forefront of DeFi innovation on Ethereum, but the move to license Carbon DeFi’s smart contracts represents their first venture into technology licensing, highlighting a new chapter in their evolution.
This strategy set the stage for Bancor to see its technologies deploy across multiple blockchains and allowed Velocimeter, the first licensee, to lead the charge in bringing advanced orderbook-like features beyond Ethereum, first on Base and now Fantom. Velocimeter’s “Graphene” protocol introduces Fantom users to simple, yet sophisticated trading through novel tools and capabilities surpassing those found in traditional decentralized exchanges (DEXes).
Alongside Graphene’s deployments on both Base and Fantom, Bancor launched the Arb Fast Lane Protocol, a first-of-its-kind framework that facilitates efficient order execution on Carbon DeFi and licensed third party deployments. The Arb Fast Lane identifies and performs arbitrage trades using Graphene created markets with its surrounding ecosystem. This sophisticated trading bot launched on Fantom with numerous DEX liquidity sources already integrated, including the following:
- Velocimeter
- Graphene
- Equalizer
- HyperJump
- KnightSwap
- SoulSwap
- SpookySwap
- Sushiswap v2 and v3
- WigoSwap
- Beethoven X
The Arb Fast Lane requires significantly less technical expertise than traditional methods, opening new opportunities for the Fantom community to participate in automated arbitrage trading. This approach not only broadens involvement by making arbitrage significantly more accessible but also improves market efficiency for all participants. Those who run the Arb Fast Lane earn nearly 50% of the arbitrage, with the remainder fortifying the sustainability and growth of the Bancor ecosystem.
For more on the Arb Fast Lane Protocol and to become an integral part of its ecosystem, visit the Website, Github, or Bancor Developers Telegram.
Dr. Mark Richardson, Bancor Project Lead
“The collaboration with Velocimeter to launch Graphene and the Arb Fast Lane on Fantom is about intricately weaving Fantom’s distinct capabilities with our detailed vision for a richer, more accessible DeFi landscape. It’s an unambiguous commitment to innovation in ways that meaningfully enhance user experiences. By fusing Fantom’s reliable infrastructure with Carbon DeFi’s sophisticated offerings, we create a DeFi realm where precision and adaptability are foundational, ensuring a future where financial empowerment can be discussed at the level of individual users, rather than a shapeless conglomerate of protocol subscribers.”
Powered by Carbon DeFi
By licensing the use of the smart contract code for Asymmetric Liquidity and Adjustable Bonding Curves, the heart of Carbon DeFi, Velocimeter’s Graphene introduces the Fantom community to advanced automated trading using a variety of novel order types.
- Limit Orders: This classic tool enables traders to set exact buy or sell prices, acting similar to a centralized exchange. No trading fees or gas fees on filled orders.
- Range Orders: A standout feature exclusive to Carbon DeFi — enables trades within specific price ranges, ideal for scaling in/out of a position. For example, “I want to sell ETH from $4500-$5000”.
- Recurring Orders: Carbon DeFi’s 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. It enables continuous buying low and selling high, allowing for token accumulation and profit compounding.
- Overlapping Liquidity: The newest feature allows you to create concentrated liquidity positions within any price range in a gas efficient manner. In contrast to prototypical concentrated liquidity models which have preset fee tiers, overlapping liquidity on Carbon DeFi allows its creators to choose their own spread (AKA Fee).
Expanding Horizons
Bancor’s two most recent technologies deploying into the Fantom network represent a major advancement for the project and highlight its dedication to creating a broader, more efficient, and inclusive range of liquidity options, along with innovative ways for users to engage with them.
Carbon DeFi 🗿
Less Hassle. Less Fees. More Options. More Automation.
For additional information on Bancor technologies, or obtaining a license of your own, please reach out at contact@Bancor.network.
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.
