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Bancor: Arb Fast Lane will be deployed with Velocimeter automated on-chain trading strategy Graphene

Bancor: Arb Fast Lane will be deployed with Velocimeter automated on-chain trading strategy Graphene

CointimeCointime2023/11/12 09:00
By:Cointime

DEX Velocimeter announced on X platform that Velocimeter Graphene will enable automatic on-XCNUSDT">chain trading strategies for any token pairs with complex order types. Graphene is built on the Bancor ecosystem Carbon DeFi. Graphene Phase 1 will soon launch Base, and the revenue generated from this phase will flow into the Velocimeter ecosystem. On the new chain, it will be deployed together with Velocimeter V4, which will be deeply integrated with Graphene. In addition, this phase will include a market maker incentive program, involving chains such as Mantle, Gnosis Chain, Scroll, Canto Public, Arbitrum, Fantom, Base, etc. Phase 2 is currently under development. Bancor stated that Arb Fast Lane will be deployed by Bancor and Graphene. Earlier in October, Bancor announced that its arbitrage robot Arb Fast Lane has launched a test version and has been open sourced. Arb Fast Lane allows any user to arbitrage between the Bancor ecosystem protocol and external exchanges and redirect the arbitrage profits back to the Bancor ecosystem.

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