COTI Foundation, a rapid and easy-to-use Web3 confidentiality layer, has announced the details of its partnership with Bancor, a prominent Automated Market Maker. The partnership aims to revolutionize the trading strategies to facilitate the consumers. The platform took to social media to disclose the new developments in this partnership.
COTI Joins Forces with Bancor to Revolutionize Trading Strategies While Ensuring Privacy
COTI Foundation asserted that the collaboration with the well-known Automated Market Maker Bancor will allow consumers to conduct modified trading strategies on-chain. Simultaneous to this, the partnership will also focus on maintaining the privacy of their approaches. For this purpose, COTI will leverage its exclusive Privacy-on-Demand technology.
Bancor has gained a substantial attention for operating as a pioneer AMM project in the DeFi sector. AMMs utilize liquidity pools that a smart contract drives. Liquidity providers put funds into the respective pools, enabling their trading availability. In addition to this, an algorithm is used to set the trade price in line with an equation to determine the token share for traders. With this approach, Bancor boosts security and simplicity. Apart from that, Bancor has released Carbon DeFi (a decentralized P2P trading protocol) which enables asymmetric liquidity.
Additionally, Bancor has deployed Arb Fast Lane, a unique arbitrage framework, to identify and execute arbitrage opportunities across on-chain markets. This backs Carbon DeFi, utilizing chain-wide liquidity for effective fill orders. Carbon DeFi addresses blockchain-related challenges such as sequencer manipulation, front-running, and sandwich attacks by minimizing the risks without entirely eliminating them. On the other hand, Garbled Circuits, the cutting-edge privacy feature of COTI, offers a landmark solution. It obscures crucial transfer details to keep exploiters from attacking the system.
Mutual Initiative Denotes Pivotal Shift in Web3 Landscape to Boost Adoption
According to COTI Foundation, the collaboration with Bancor will integrate the former’s tech stack into Arb Fast Lane and Carbon DeFi. This will reportedly add an exclusive privacy layer for the respective consumers. While Bancor provides security and flexibility for the crypto traders, COTI delivers advanced privacy functionality for the Web3 realm. Moreover, the Privacy-on-Demand technology of COTI underscores a pivotal shift for the Web3. This brilliant synergy of COTI and Bancor’s strengths paves the way for robust and versatile privacy solutions to expand Web3 adoption.
