Bancor DAO Approves Carbon DeFi Deployment on COTI V2

Bancor DAO has approved the deployment of Carbon DeFi on COTI V2, a privacy-centric Ethereum Layer 2 launching in Q1 2025. Carbon DeFi, known for its performance on fast, cost-effective chains, will benefit from COTI's support in ensuring deep liquidity. The Arb Fast Lane will be deployed alongside to enhance trading efficiency. The announcement has generated significant excitement, with strong support from the COTI Foundation. Bancor's Project Lead, Dr. Mark Richardson, discussed the collaboration on COTI Connect X Spaces, highlighting Bancor's legacy in DeFi and the innovative aspects of COTI's technology. Carbon DeFi offers an orderbook-style DEX with four types of liquidity positions, integrated with Bancor's Arb Fast Lane for efficient order fulfillment. COTI V2 promises lighter, faster, and private transactions, enhancing privacy solutions. The collaboration is expected to bring significant advancements in DeFi trading.