Carbon Beta Release Community Update #4 (July 21, 2023)
In this update we’ll cover:
- Top Performing Strategies
- Dev Update
- Governance
- Community & Content
Top Performing Strategies
The number of user strategies created onchain and via carbondefi.xyz is growing — with over 230 strategies currently live.
The Carbon Dune Dashboard shows the top performing strategies in terms of ROI and APR:
In addition, market volatility combined with rising Carbon liquidity is creating more opportunities for the Fast Lane arbitrage bot to trade against live strategies. By closing arb opportunities between Carbon and external exchanges, Fast Lane drives revenue to the protocol. Fast Lane earnings have seen a notable increase in recent weeks, recording all-time daily highs earlier this week:
Dev Update: Carbon Portfolio
The new Carbon Portfolio is live!
With the Carbon Portfolio, you can now:
- See the total value of your trading strategies
- Get a breakdown of each strategy
- Explore live strategies by token
More features are coming to the Portfolio including ROI and earnings stats, so stay tuned!
To access your Portfolio, login to app.carbondefi.xyz and click “Portfolio” in the upper left hand side of the screen.
Governance
1. Custom taker fee on stable to stable trading
The Bancor DAO recently approved a proposal that will identify stablecoin pairs on Carbon that should have a custom fee that overrides the default network wide 0.20% trading fee. The goal of this proposal is to bring Carbon in line with other DEXs that charge a lower fee on stablecoin pairs.
Per the proposal, the following list of stablecoin pairs will be updated to have a 0.001% trading fee:
- USDC/USDT
- USDC/DAI
- USDC/FRAX
- USDC/LUSD
- USDT/DAI
2. Selling protocol surpluses for ETH
The DAO approved a proposal to sell token surpluses in Bancor v3 for ETH. Following the conversion of surpluses the DAO will continue exploring potential usage of the ETH, with the overarching goal being to eliminate any remaining deficits in Bancor v2.1 and v3.
Community & Content
EthCC
A number of contributors attended EthCC in Paris to meet with different DeFi communities. Watch Dr. Mark Richardson’s presentation on Carbon:
Coinsider Covers Carbon!
Coinsider gives a walkthrough of how to use Carbon and his recent ETH/USDC strategy that generated some juicy returns:
Zeno explores Linked Range Orders
Check out the Twitter thread with highlights.
Empire’s Carbon Strategy of the Week
Based Twitter threads on Carbon
More 🔥 threads
Trading Competition Winners Announced!
Carbon Japan!
Spaces
- New Approaches to Decentralized Trading with Algebra
- Redesigning the Economic System with Token Engineering
- DeFi Growth Roundtable with Synthetix, Kyber and GMX
- Why Do We Need a Radically New DeFi with Radix
- Upcoming on July 24: Blockchain Banter Alpha Hour
🗿☕️ Don’t forget to join the weekly Coffee Break!
📰 Carbon ecosystem updates, alpha on Carbon strategies, industry trends, news and more!
🎙 Every Friday at 12PM EST / 4PM UTC in the Bancor Discord
To get involved and stay up to date:
- Join the Carbon community on Telegram or Discord
- Follow Carbon on Twitter
- Subscribe to our Youtube
- Subscribe to the Carbon blog
- Participate in BancorDAO governance
