> For the complete documentation index, see [llms.txt](https://faq.carbondefi.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://faq.carbondefi.xyz/getting-started/what-is-carbon-defi.md).
# What is Carbon DeFi?
An orderbook-style DEX allowing users to perform novel trading strategies with all standard ERC20 tokens\*[^1] using a variety of order types:
* [**Limit Order**](/strategy-types/limit-order.md) - A single disposable buy or sell order at a specific price
* [**Range Order** ](/strategy-types/range-order.md)- A single disposable buy or sell order within a custom price range
* [**Recurring Orders**](/strategy-types/recurring-orders.md) - buy and sell orders (limit or range) that are linked together, and perform similar to grid trading or a DEX trading bot. Newly acquired funds automatically rotate between them, creating an endless trading cycle without need for manual intervention
* [Concentrated Liquidity](/strategy-types/concentrated-liquidity.md), previously referred to as [**Overlapping Liquidity**](/strategy-types/concentrated-liquidity.md) - Enables users to manage concentrated liquidity positions within specific price ranges easily and efficiently onchain. Drawing from Automated Market Maker (AMM) models, this tool allows for direct customization of your spread (aka the “fee” level).
By design, Carbon DeFi's limit, range, and recurring orders are all irreversible on execution, easily adjustable, resistant to MEV sandwich attacks, fully onchain, non-custodial and can be deployed with any standard ERC20 token. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies.
Explainer Video 👇
{% embed url="" %}
Resources:
* [Carbon DeFi Website](https://www.carbondefi.xyz/)
* [Strategy Creation Guide](/getting-started/creating-a-strategy.md)
* [Smart Contract Code](https://github.com/bancorprotocol/carbon-contracts)
* [Dune Analytics](https://dune.com/bancor/carbon-by-bancor)
* [Technical Documentation](https://docs.carbondefi.xyz/contracts-and-functions/contracts)
* [Whitepaper](http://carbondefi.xyz/whitepaper)
* [Litepaper](http://carbondefi.xyz/litepaper)
[^1]: rebase tokens and fee-on-transfer token are not supported
What is a rebase token?
---
# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.
## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters:
```
GET https://faq.carbondefi.xyz/getting-started/what-is-carbon-defi.md?ask=&goal=
```
`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `build a script that syncs our docs to a CMS` lets GitBook tailor the answer to that use case.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.
