Part 1 - The Ticker is BNT.
A thread to understand the tokenomics of the @Bancor Network Token from its past to its present.
A lot has change since its inception in 2017 and there is a lot of outdated information around BNT.
Let's dive in
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@DefiIgnas Except that Vitalik got the idea of an automatic market maker from @Bancor. Even in that reddit post, one of Bancor's co-founder (@eyal) is already replying about working on this idea for months.
More context about timelines here:
https://t.co/HauQpzh8X2
@DefiIgnas Except that Vitalik got the idea of an automatic market maker from @Bancor. Even in that reddit post, one of Bancor's co-founder (@eyal) is already replying about working on this idea for months.
More context about timelines here:
https://t.co/HauQpzh8X2
@koeppelmann@Polymarket Alan Lu described a special case of the Bancor formula in 3/6/2017: https://t.co/Nc9la5sjJL
but this was 2 months after the mathematical proofs of the Bancor formula: https://t.co/M1lgSptgKF
& 1 month after Bancor's international patent application: https://t.co/fd2pHDL7Kx
@koeppelmann@Polymarket Alan Lu described a special case of the Bancor formula in 3/6/2017: https://t.co/Nc9la5sjJL
but this was 2 months after the mathematical proofs of the Bancor formula: https://t.co/M1lgSptgKF
& 1 month after Bancor's international patent application: https://t.co/fd2pHDL7Kx
@koeppelmann@Polymarket Alan Lu described a special case of the Bancor formula in 3/6/2017: https://t.co/Nc9la5sjJL
but this was 2 months after the mathematical proofs of the Bancor formula: https://t.co/M1lgSptgKF
& 1 month after Bancor's international patent application: https://t.co/fd2pHDL7Kx
Carbon DeFi (@CarbonDeFixyz) is one of the protocols that embodies this type of trading. In the past two days as the ETH price collapse, there was a strategy on Carbon DeFi whose buy price range order was in the money and was filled.
This strategy was created in 2023 and the last time it traded prior to February 5th 2026 was on July 10th 2025 (it sold high at that point in time). This strategy was able to buy ETH all the way down to 1850 USDC/ETH.
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It shouldn't come as a surprise that the future of trading is decentralized and onchain. @Bancor has been building towards this inevitability since 2016. The DEX to CEX spot volume ratio on a year by year basis keep growing. At some point DEX volume will surpass its CEX counter part and this should not come as a surprise.
The industry no longer operates as a niche or on the fringes. The NYSE announcing they are building a 24/7 stock platform using blockchain technology is a confirmation of this occurring (among many others).
Our latest product @CarbonDeFixyz not only provides feature parity with what's possible on centralize trading venues but goes above that by adding the functionality of an AMM (automatic market maker) into the equation. This is only possible on blockchains and the unlock provides a wider design spectrum.
The future of onchain trading couldn't be any brighter.
Higher
As of one week ago, COTI Earn Season 003 is live and it includes Carbon DeFi.
You can deploy USDC, BTC, ETH, COTI, or gCOTI into Carbon DeFi to qualify for TPS.
More specific details can be found in:
https://t.co/IMJEHiKiGa
Auto-compounding also functions via constant product liquidity provisioning as well. This means that any fees/spread that you earned automatically becomes available as trading liquidity.
You no longer need to rely on third party services to do this for you while taking a cut from your earnings.
With all the rage about AI agents automating different actions, a reminder that you can create an automated recurring buy-low-sell-high trading strategy on Carbon DeFi ๐ฟ
A recurring buy-low-sell-high strategy is composed of a buy order and a sell order that are linked together. If either order is filled, then funds rotate to the other order and vice versa.
The strategy trades forever (even while you sleep) and it doesn't require any maintenance/funding from the liquidity provider. You can always adjust the price that you are buying/selling or add/subtract funding at any point in time.
An alternative would be to trade as maker onchain via limit and range orders where you set the exact price that you will receive if your order is filled 100%.
Orders get posted onchain for anyone to fill (i.e. aggregators, programmatic traders, searchers, etc...). When the market price reaches your buy/sell price, your order is filled and you received exactly what you quoted.
As an FYI, when you trade on cowswap and other aggregators, you trade as a taker which means that you also have slippage to worry about. There is no way to get around slippage unless you switch to trading as a maker.