Bancor

In this update we’ll cover:<ul><li>Carbon Beta Stats</li><li>Trading Competition &#43; Top APRs</li><li>Integrations</li><li>Governance</li><li>Community &amp; Content</li></ul>Carbon Beta Network StatsCarbon has seen a significant increase in user activity in recent weeks, with a large rise in strategies and trades executed via the <a href="https://www.carbondefi.xyz/?utm_source&#61;CommunityUpdate&amp;utm_medium&#61;CommunityUpdateBlog&amp;utm_campaign&#61;June21CommunityUpdate" rel="noopener noreferrer nofollow">carbondefi.xyz </a>app, trade aggregators and directly onchain.As of this writing, the Carbon beta has seen over $1.15M in liquidity deployed across 200 strategies, and over $500K in total volume. That’s a 267.41% increase in liquidity and 405.15% increase in volume in the past month.<img src="https://miro.medium.com/v2/resize:fit:1260/0*7G_Er-tdgd8TrUAH" /><a href="https://dune.com/Bancor/carbon-by-bancor" rel="noopener noreferrer nofollow">Source</a>&#x1f4ca; Track Carbon network stats on <a href="https://analytics.carbondefi.xyz/?utm_source&#61;CommunityUpdateBlog&amp;utm_medium&#61;CommunityUpdateBlog&amp;utm_campaign&#61;June21CommunityUpdateBlog" rel="noopener noreferrer nofollow">analytics.carbondefi.xyz</a> or on this brand new <a href="https://dune.com/Bancor/carbon-by-bancor" rel="noopener noreferrer nofollow">Dune dashboard</a>.<h2 id="header-0">Protocol Arbitrage</h2>The Carbon arbitrage framework, powered by Fast Lane, continues to earn fees for the protocol while enabling efficient strategy execution. The Fast Lane recorded its largest daily protocol earnings to date on June 14th (2,658 BNT). Recent <a href="https://snapshot.org/#/bancornetwork.eth/proposal/0xd3c382a0e12b937de9aa3541a72ea53e8a18c43013285199673a1568e40be9fe" rel="noopener noreferrer nofollow">gas optimizations</a> are expected to further improve arb efficiency.&#x1f916; Learn how to <a href="https://github.com/bancorprotocol/fastlane-bot/blob/main/README.md" rel="noopener noreferrer nofollow">run your own arbitrage bot using Fast Lane</a>, or get support in the <a href="https://t.me/CarbonDeFixyz" rel="noopener noreferrer nofollow">Carbon Telegram channel</a>.<img src="https://miro.medium.com/v2/resize:fit:954/1*XMGphBe5kZNJc5Lfub6nSA.png" />Carbon’s ROI Trading CompetitionCarbon’s ROI trading competition is live! Unleash your trading skills and compete with fellow community members to achieve the highest ROI. Win USDC for top-ranking strategies and swag along the way. The competition lasts until July 11, 2023, and existing strategies deployed before the competition’s start date also qualify —just claim the competition NFT on Galxe.&#x1f4b0; More details: <a href="https://www.carbondefi.xyz/tradecarbon?utm_source&#61;CommunityUpdate&amp;utm_medium&#61;CommunityUpdateBlog&amp;utm_campaign&#61;June21CommunityUpdateBlog" rel="noopener noreferrer nofollow">carbondefi.xyz/tradecarbon</a>One week into the competition, <a href="https://twitter.com/carbondefixyz/status/1671273078540607488?s&#61;20" rel="noopener noreferrer nofollow">leading wallets</a> are already posting double-digit APRs &#x1f440;<img src="https://miro.medium.com/v2/resize:fit:1260/0*cClT5Sf_A9px-rNY" />Breakdown of the top 3 leading strategies:<ol><li>Trader 0x6E..531</li></ol><img src="https://miro.medium.com/v2/resize:fit:1260/1*7Nae0behGqb6wyPtvsZyYg.png" /><ul><li>Pair: ETH/USDC</li><li>Strategy type: recurring, 2 ranges</li><li>ROI: 1.52% (78.81% APR)</li><li>Sell ETH range: 1975–2300 USDC</li><li>Buy ETH range: 1600–1850 USDC</li></ul>Funding:<ul><li>Start: 0.55529 ETH, 1008.37 USDC</li><li>Current: 0.99385 ETH, 272.56</li></ul>2. Trader 0xBa..b67<img src="https://miro.medium.com/v2/resize:fit:1260/1*B-qmHklS5xURd6IhoDjZOg.png" /><ul><li>Pair: WBTC/USDC</li><li>Strategy type: recurring, 2 ranges</li><li>ROI: 1.08% (55.75% APR)</li><li>Sell WBTC range: 27,187–31,000 USDC</li><li>Buy WBTC range: 19,750–25,603 USDC</li></ul>Funding:<ul><li>Start: 0 WBTC, 21,010 USDC</li><li>Current: 0.09713 WTBC, 18558.58 USDC</li></ul>3. Trader 0x36..6f6<img src="https://miro.medium.com/v2/resize:fit:1260/1*SaSiNpymw9aBZqVoT5VhWQ.png" /><ul><li>Pair: ETH/USDC</li><li>Strategy type: recurring, 2 limits</li><li>ROI: 0.95% (49.20% APR)</li><li>Sell ETH limit: 2090 USDC</li><li>Buy ETH limit: 1710 USDC</li></ul>Funding:<ul><li>Start: 2.8 ETH, 4997 USDC</li><li>Current: 5.72254 ETH, 0 USDC</li></ul>&#x1f3c6; Think you’ve got what it takes? <a href="https://www.carbondefi.xyz/tradecarbon?utm_source&#61;CommunityUpdate&amp;utm_medium&#61;CommunityUpdateBlog&amp;utm_campaign&#61;June21CommunityUpdateBlog" rel="noopener noreferrer nofollow">Enter to win today.</a>&#x1f389; More ways to win: <a href="https://dappback.com/carbon" rel="noopener noreferrer nofollow">Incentivized Dappback tasks</a> are also live, with USDC prizes up for grabs!Integrations<h2 id="header-1">InsurAce</h2>You can now insure your Carbon strategies using InsurAce, one of the industry’s leading decentralized insurance protocols! As of this writing, there’s nearly $200K in capacity and rising!&#x1f6e1;Get protected: <a href="https://app.insurace.io/coverage/buycovers" rel="noopener noreferrer nofollow">https://app.insurace.io/coverage/buycovers</a><h2 id="header-2">DeBank</h2>A proposal to integrate Carbon is live on DeBank, a leading portfolio analyzer. Over $10m in total voter value has voted in support of the integration.&#x1f5f3; Support the initiative, and upvote the proposal: <a href="https://debank.com/proposal/5411" rel="noopener noreferrer nofollow">https://debank.com/proposal/5411</a><h2 id="header-3">DEX Aggregators</h2>Aside from Carbon’s existing integration with <a href="https://twitter.com/OpenOceanGlobal/status/1664258303998980097?s&#61;20" rel="noopener noreferrer nofollow">OpenOcean</a>, a number of integrations with leading DEX aggregators are in the works and expected soon, so stay tuned!GovernanceThere is a proposal in Bancor governance to create a protocol-owned strategy on Carbon valued at roughly $4–5 million using protocol-owned liquidity. The BancorDAO is currently discussing how to create the strategy and which token pair to create the strategy with. DAO participants have proposed using a stablecoin/stablecoin recurring strategy (e.g., USDC/USDT) or an ETH-LST/ETH-LST recurring strategy (e.g., rETH/wstETH) due to these token pairs trading in relatively predictable ranges and requiring minimal maintenance by the DAO.&#x1f3db; See the proposal here: <a href="https://gov.bancor.network/t/consolidating-recent-proposals-by-alphavalion/4330/2" rel="noopener noreferrer nofollow">https://gov.bancor.network/t/consolidating-recent-proposals-by-alphavalion/4330</a>Community &amp; Content<h2 id="header-4">EthCC</h2>Attending EthCC next month in Paris? Join us for a day dedicated to Token Engineering! Dr. Mark Richardson will present “Carbon — a Significant Change for Onchain Liquidity, and How We Designed it” on July 19th. <a href="https://twitter.com/carbondefixyz/status/1669275015773057024" rel="noopener noreferrer nofollow">More details</a><h2 id="header-5">Carbon x Empire Podcast</h2><h2 id="header-6">Radix Podcast</h2><h2 id="header-7">Zeno: Backtesting Carbon Strategies</h2>Spaces &amp; Podcasts<ul><li>Upcoming Thursday June 22: <a href="https://twitter.com/i/spaces/1yNGaNBPemjJj" rel="noopener noreferrer nofollow">The power of DEX aggregators with OpenOcean</a></li><li>Upcoming Friday June 23: <a href="https://twitter.com/carbondefixyz/status/1671595118569324544?s&#61;20" rel="noopener noreferrer nofollow">Comparing Uni v4 to existing trading protocols</a></li><li><a href="https://twitter.com/carbondefixyz/status/1667259367799013377?s&#61;20" rel="noopener noreferrer nofollow">What’s needed for DeFi to succeed Qredo and Liquity</a></li><li><a href="https://twitter.com/i/spaces/1lPKqBVzjNNGb" rel="noopener noreferrer nofollow">Accessible DeFi with Mellow and Swell Labs</a></li><li><a href="https://twitter.com/carbondefixyz/status/1668757752578207747" rel="noopener noreferrer nofollow">“Loss vs. rebalancing” in AMMs with DeFi Cheetah</a></li><li><a href="https://twitter.com/carbondefixyz/status/1670519286358753280?s&#61;20" rel="noopener noreferrer nofollow">Decentralized options and order books with Aori and Foxify</a></li></ul><h2 id="header-8">Other content</h2><ul><li><a href="https://valiantresearch.substack.com/p/carbon-defi?utm_source&#61;profile&amp;utm_medium&#61;reader2" rel="noopener noreferrer nofollow">Valiant Research: The Market Maker’s Trading Protocol</a></li><li><a href="https://medium.com/&#64;Jen_Here2DeFi/onchain-trading-why-cex-traders-are-rushing-into-defi-cc5c6bf3fc02" rel="noopener noreferrer nofollow">Why CEX Traders Are Rushing Into DeFi (Jen Albert)</a></li><li><a href="https://medium.com/&#64;Jen_Here2DeFi/trading-insights-c5b4a1d4d028" rel="noopener noreferrer nofollow">How Volume Drives Market Efficiency on Carbon (Jen Albert)</a></li><li><a href="https://www.youtube.com/watch?v&#61;i7KN903eUWQ" rel="noopener noreferrer nofollow">Guide to creating a Carbon strategy (Inforalle)</a></li><li><a href="https://www.youtube.com/watch?v&#61;JzHqmeflGaA" rel="noopener noreferrer nofollow">Automate your crypto trades on-chain (Crypto Mind)</a></li></ul>Other resources<ul><li><a href="https://www.carbondefi.xyz/?utm_source&#61;CommunityUpdate&amp;utm_medium&#61;CommunityUpdateBlog&amp;utm_campaign&#61;June21CommunityUpdate" rel="noopener noreferrer nofollow">Carbondefi.xyz App</a></li><li><a href="https://faq.carbondefi.xyz/" rel="noopener noreferrer nofollow">Carbon FAQs</a></li><li><a href="https://carbondefi.xyz/litepaper" rel="noopener noreferrer nofollow">Litepaper</a></li></ul>To get involved and stay up to date:<ul><li>Join the Carbon community on <a href="https://t.me/CarbonDeFixyz" rel="noopener noreferrer nofollow">Telegram</a> or <a href="https://discord.gg/bancor" rel="noopener noreferrer nofollow">Discord</a></li><li>Follow Carbon on <a href="https://twitter.com/carbondefixyz" rel="noopener noreferrer nofollow">Twitter</a></li><li>Subscribe to our <a href="https://www.youtube.com/c/BancorProtocol" rel="noopener noreferrer nofollow">Youtube</a></li><li>Subscribe to the Carbon blog</li><li>Participate in BancorDAO governance </li></ul>Related Topics: - Uniswap - Maverick - Balancer - Sushiswap - Curve

Carbon Beta Release Community Update #2

Table of Contents

Bancor

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