Congratulations to all the winners!
These types of trading competitions are only possible on an orderbook like protocol such as @CarbonDeFixyz
Why?
1. There is no liquidity aggregation which means that every LP is considered its own pool. This allows you to track the volume generated by each LP for any qualifying pairs they have provided liquidity into.
2. Carbon DeFi is a protocol for makers which means that you can create limit, range, recurring (buy-low-sell-high), concentrated liquidity positions, and constant product full range liquidity. Traders can put their skills to the test & compete to generate the most volume as market makers.
Trading competitions in other DEXs typically entail trading as a taker which means swapping from a list of qualified tokens & measuring PNL.
For projects that are looking to build liquidity and volume for their token as part of a trading competition @CarbonDeFixyz is the answer. DMs are opened!
The @gvnrdao Trading Competition leaderboard is live!
Think you can top it?
Thereâs still time to compete for your share of 3333 $GVNR đ
To qualify:
âą Pair $GVNR with $USDC, $USDT, $ETH, or $BNT on @CarbonDeFixyz
âą Fund with at least $100 worth of GVNR
đ Bancor Ă GVNR swag packs to random participants
Details đ
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