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  • Getting Started
    • What is Carbon DeFi?
    • What Makes Carbon DeFi Unique?
    • Participants
    • Creating a Strategy
  • Strategy Types
    • Limit Order
    • Range Order
    • Recurring Orders
    • Concentrated Liquidity
      • Editing Concentrated Liquidity Strategy
  • Mechanics
    • Order Dynamics
    • Strategy ROI
    • Limit vs Range Prices
    • Order Execution
      • 100% Fill Estimation
  • Additional
    • Dev Docs
    • Security & Audits
    • Resources
    • The Bancor Ecosystem & Carbon DeFi
      • Blockchain Data
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  1. Getting Started

Participants

There are two key market participants in Carbon DeFi:

  1. “Makers” submit automated strategies composed of one or two onchain limit or range orders.

  2. “Takers” perform “spot” trades against live strategies directly, via DEX aggregators, or as arbitrageurs. Spot trading requests are handled by way of a decentralized SDK or using any custom software capable of processing the on-chain data.

Makers are similar to liquidity providers in legacy automated market makers (AMMs) in that their activities support the liquidity of the system in an on-chain, permissionless manner. However, they are notably different in that each maker can customize their own personalized spread or "fee tier" between their buy and sell ranges. This is in contrast to existing AMMs which force liquidity providers to adopt the fee of the AMM they're providing liquidity to.

Last updated 11 months ago

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