@MB_Richardson possible to integrate copy trading into carbon? Take a

Question

@MB_Richardson possible to integrate copy trading into carbon? Take a

look at this https://x.com/lookonchain/status/1771040009719869791?s=20

If carbon could auto copy trade wallets, and allow carbon to also limit the trading pairs to only the coins the user allows for, would be a useful tool

#bancor #blockchain #cryptocurrency #english

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22.03.2024

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glenn🗿 · Accepted Answer

For this, I think there is a lot of technical issues with an implementation that is always copying every action of another wallet. Meaning there is an external system that has to monitor another strategy on your behalf and that system must also have access to change your strategy on your behalf (this is a very risky trust assumption to make) to make changes on the strategy. There is a lot of moving parts and overhead for such a system. I think a better system is to have a third party manage a vault where you deposit into and that third party then manages an underlying carbon strategy on your behalf. This already exist in DeFi as some DAOs do this for their own governance token. Finding a third party to manage a directional trading strategy for a popular token pair is problematic as any legitimate individual needs to have proper licenses to do this the correct way. In addition, there must be some compensation for this work so you have to think about performance/management fees as well.

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@MB_Richardson possible to integrate copy trading into carbon? Take a

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