Bancor’s Innovative Technology Licensed to Power DeFi Protocols Across Multiple Layer 2s
The right to deploy smart contracts that power Carbon DeFi’s advanced orderbook-like functionalities has just been licensed to multiple DeFi projects, marking a significant milestone for Bancor. The licensing model represents a significant step towards the long term sustainability of the protocol.
Bancor has always been at the forefront of DeFi innovation, beginning in 2017 with the invention of bonding curves, pool tokens, and the AMM — which still remain extensively used across the industry. Licensing the use of the smart contract code for Asymmetric Liquidity and Adjustable Bonding Curves reaffirms their commitment to driving the industry forward while remaining a leading innovator in DeFi.
Deployments are not under Bancor DAO management or control and will be announced independently by the licensed projects as they come online. There are active discussions underway with DeFi protocols to leverage the technology on Base, Arbitrum, Canto, Fantom, Mantle, and Scroll.
By licensing the code for its smart contract technology, Bancor accelerates the presence of its technology on Layer 2 solutions across the industry, giving access to- and benefits of automated recurring limit orders to an entirely untapped market.
Bancor’s Arb Fast Lane Protocol, which allows any user to perform arbitrage between network protocols and external onchain exchanges, will be deployed alongside these new protocols to ensure they undergo efficient arbitrage and order fulfillment. The Arb Fast Lane generates revenue with fifty percent of the arbitrage profits directed to Bancor Protocol with the remaining fifty percent going to the caller.
Dr. Mark Richardson, Bancor Project Lead
“We are deeply honored by the overwhelming enthusiasm that has greeted the latest advancements in our technology. The embrace underscores the collective commitment in our mission to drive innovation and growth and to deliver cutting-edge solutions that empower individuals and organizations to engage with decentralized finance.
As the development of Carbon DeFi continues and the Arb Fast Lane makes its way to L2s, we continue to advance and refine our technology and remain deeply committed to delivering excellence, pushing the boundaries of what is possible in the world of DeFi.
We extend our best wishes for the success of these protocols and are excited to contribute to the advancement of the entire blockchain sector. Should you wish to get in touch regarding licensing inquiries, gaining further insights into Carbon DeFi, or exploring the possibility of licensing our DeFi primitives on your blockchain network, please do not hesitate to reach out. Expressions of interest are most welcome, and I am eager to engage in discussions with you.”
For additional information on Bancor’s 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.
