While trading bots are popular in TradFi and CeFi, automated trading has remained largely unavailable in DEXs. Carbon, a new DeFi protocol, hopes to change that. Sponsored content by carbondefixyz:
One solution to these challenges is the use of trading bots, which are automated programs that can execute trades based on predefined strategies. Trading bots can help users take advantage of market opportunities, execute trades more efficiently than humans and reduce the risk of emotional trading decisions.
Say you expect ETH to trade up and down in a sideways market. You can set a Carbon strategy to buy ETH when it falls in the $1800-$1900 range and sell it in an upper range of $2100-$2200.
So why has automated trading remained largely unavailable in DeFi? The reason lies in the underlying architecture powering modern-day DEXs.
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