Hey All,
I was browsing my twitter crypto feed and came to know about this new Dex which goes by the name Carbon Dex - The next generation of on-chain liquidity. It basically helps the users of the platform to perform automated trading strategies using custom limit orders and range orders with no dependence on oracles or external tooling. Carbon Dex has their own fully decentralized protocol that does all the work around automated crypto trading i.e. buy low and sell high Or buy the dip and sell high etc etc. Simply put it; Carbon helps in making crypto trading much easier and advanced.
With Carbon you set various strategies like buying low and selling at high with couple of clicks. You can set your price targets to sell your tokens as well. There is also a functionality to perform arbitrage between stable coins when the price diverge. The important fact is that Carbon is non custodial and is on-chain so we need not worry about all the drawbacks that an centralized exchange may have; users always have control over their funds at Carbon Dex - The next generation of on-chain liquidity platform.
You can visit the Carbon App Here and try it out yourself. Please note that I have not explored the app fully have just explored the basic functionality and at the same time I am not very much into crypto trading on a daily basis. A bit of information around::
What Makes Carbon Unique?
Unidirectional Flow
as an example users can set a "recurring strategy" to buy in one range and sell in a higher range and continue the same until user chooe to stop the strategyIrreversible Orders
this enables native limit and range orders that execute irreversibly, eliminating the risk of order reversal.Makers & Takers
User strategies are not aggregated together. Instead, the smart contracts simply expose the collection of strategies and their associated token balances and the aggregation occurs externally, either via the complement SDK, or using any custom software capable of processing the on-chain data.
I'll further explore the platform and see I can leverage in some way or the other. But most probably will land up not using it as I am not a crypto trader and more into investing in crypto emerging projects like the project being built on HIVE Blockchain for example:: @leofinance #dcity #splinterlnads and many others.. cheers
Have your say on Carbon Defi..
Did you hear about Carbon Defi? Have tried the platform carbon? Automated Vs Manual Trading? Let me know your views on the comment box below.. cheers
Automated Vs Manual Trading? Cardon DEX - The next generation of on-chain liquidity
#carbon #dex #nextgen #trading #automated #defi #onchain #liquidity
Image Credits:: twitter, carbondefi
Best Regards