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        <title><![CDATA[Stories by Carbon Terminal on Medium]]></title>
        <description><![CDATA[Stories by Carbon Terminal on Medium]]></description>
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            <title>Stories by Carbon Terminal on Medium</title>
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            <title><![CDATA[Carbon 2026 Roadmap: TradFi & Scaling]]></title>
            <link>https://medium.com/@CarbonTerminal/carbon-2026-roadmap-tradfi-scaling-9d6f0eb7b336?source=rss-60c097e581c7------2</link>
            <guid isPermaLink="false">https://medium.com/p/9d6f0eb7b336</guid>
            <dc:creator><![CDATA[Carbon Terminal]]></dc:creator>
            <pubDate>Tue, 06 Jan 2026 17:40:58 GMT</pubDate>
            <atom:updated>2026-01-06T17:40:58.219Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*9FNjujO2cnoEpAW7dJ3sPQ.png" /></figure><p>In 2025, we rebuilt Carbon from the ground up.</p><p>We refined our vision, built on it, and are now:</p><p><strong>The Everything Perp DEX.</strong></p><p>We introduced the Carbon Zero campaign.<br>We crossed over $1 billion in total volume.<br>We redesigned and modernized almost every part of the UI and UX.<br>And, most importantly, we spent the year building quietly, preparing Carbon for a transformational 2026.</p><p>Everything we did in 2025 was foundational. Everything coming in 2026 is directional.</p><p>This is the year the Carbon Solver goes live.<br>This is the year CFDs arrive on-chain at scale.<br>This is the year Carbon becomes a full-spectrum derivatives exchange: Crypto + RWAs, all in one terminal powered by the Carbon Solver.</p><h3>2025: The Setup</h3><p>Before we talk about 2026, here’s what we accomplished last year:</p><h4>The Relaunch from IntentX to Carbon</h4><p>Not just a name change and a new look, a completely revamped platform with the future in mind.<br>New architecture, new interface, new positioning, new capabilities.</p><h4>Zero Fees and Volume Growth</h4><p>Introducing <strong>Carbon Zero</strong> helped users discover the platform in its best state ever.<br>It played a major role in pushing Carbon&#39;s<strong> total trading volume past $1 billion</strong>.</p><h4>Major UI and UX Evolution</h4><p>Cleaner, faster, tighter.<br>Hundreds of improvements across the trading engine, analytics, account management, onboarding, and mobile experience.</p><h4>Defining a New Identity</h4><p>Carbon found its home as <strong>The Everything Perp Dex</strong>: a platform capable of supporting every major asset class, not just crypto.</p><p>2025 was the year we set up the layup. 2026 is when we dunk it in.</p><h3>2026: The Year Carbon Expands Beyond Crypto</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*9tUQLmZ_GkHYHTzYxZmmPQ.png" /></figure><p>Everything in 2026 centers around one system:</p><h4>The Carbon Solver</h4><p>The Carbon Solver is not a feature.<br> It is the foundation that enables everything Carbon is becoming.</p><p>It unlocks:</p><ul><li>Deeper and more resilient liquidity</li><li>Lower and more efficient spreads</li><li>Significantly more markets</li><li>New asset classes beyond crypto</li><li>Real RWA derivatives through CFDs</li><li>Sustainable yield through CLP Vaults</li><li>Higher capacity with lower systemic risk</li></ul><p>Every other initiative — UI upgrades, infrastructure work, analytics, and mobile improvements — exists to support this system and what it enables next.</p><p>Once the Solver is live, Carbon becomes structurally capable of aggregating global derivatives liquidity on-chain.</p><h3>Phase 1: Foundation and Liquidity Activation</h3><p>The first priority is to activate the core engine and ensure liquidity can scale safely.</p><h4>Carbon Solver Launch and CLP Vaults</h4><p>This is the year’s defining milestone.</p><p>With the Solver live:</p><ul><li>Bybit markets become available on Carbon</li><li>CLP Vaults open to users</li><li>Open interest capacity increases materially</li><li>Execution becomes more stable and capital-efficient</li></ul><p>The CLP Vaults power:</p><ul><li>Delta-neutral yield with a 40–60 percent target APR</li><li>Larger and more consistent liquidity</li><li>A scalable, solver-driven execution model</li></ul><p>This phase establishes the liquidity backbone required for everything that follows.</p><h4>User Acquisition and Early Momentum</h4><p>Alongside the Solver launch, Carbon introduces a targeted user acquisition initiative designed to attract real, experienced traders and create initial momentum around the upgraded platform.</p><p>The focus here is on:</p><ul><li>Quality flow</li><li>Active traders</li><li>Sustainable volume growth</li></ul><h3>Phase 2: Expansion Into Real-World Markets</h3><p>With the Solver and CLP Vaults live, Carbon shifts its full focus to its most important expansion.</p><h4>CFDs: The Core Expansion</h4><p>This is Carbon’s true breakout moment.</p><p>Carbon launches with over 200 CFD markets, including:</p><ul><li>Stocks</li><li>Forex</li><li>Indices</li><li>Commodities</li></ul><p>This makes Carbon the first perp DEX to bring RWAs on-chain properly, using real liquidity through CFDs rather than synthetic or shallow markets.</p><p>CFDs allow Carbon to:</p><ul><li>Access existing global liquidity</li><li>Offer stable funding rates</li><li>Avoid the extreme funding costs common on DEX RWAs</li><li>Scale markets without rebuilding liquidity from scratch</li></ul><p>From this point forward, CFDs become a primary growth driver for the platform.</p><h4>CFD Expansion Layer</h4><p>After the initial rollout, the CFD offering expands rapidly.</p><p>Thanks to Carbon’s architecture:</p><ul><li>New markets can be listed quickly</li><li>Thousands of CFDs become feasible over time</li><li>No liquidity bootstrapping or protocol redesign is required</li></ul><h3>Phase 3: Optimization, Risk, and Professional Flow</h3><p>Once CFDs are live and actively traded, Carbon layers in additional systems to optimize scale and resilience.</p><h4>Dynamic Spreads</h4><p>Execution quality is further refined through dynamic spreads:</p><ul><li>Near-zero spreads for small retail trades</li><li>Gradual scaling for larger orders</li><li>Improved competitiveness across all user segments</li></ul><h4>Auto-Deleveraging (ADL)</h4><p>A clear and predictable ADL system is introduced to handle extreme market conditions, improving:</p><ul><li>Risk control</li><li>Platform resilience</li><li>Trader confidence during volatility</li></ul><h4>Funding Rate Arbitrage Dashboard</h4><p>A dedicated dashboard compares Carbon’s funding rates against other major venues, attracting funding arbitrage traders who:</p><ul><li>Hold positions longer</li><li>Increase open interest stability</li><li>Add sticky, low-churn volume</li></ul><h3>Phase 4: Scaling and Experience</h3><p>With the core system proven, Carbon continues to scale.</p><h4>CLP Scaling</h4><p>CLP Vaults expand across both crypto and CFD markets, increasing:</p><ul><li>Total value locked</li><li>Available open interest</li><li>Execution depth as volume grows</li></ul><h4>Trading API Rework</h4><p>A major API upgrade enables:</p><ul><li>Institutional trading flow</li><li>High-frequency strategies</li><li>Custom execution integrations</li></ul><h4>Continued UI and UX Improvements</h4><p>Ongoing improvements focus on:</p><ul><li>Better analytics and dashboards</li><li>Clearer execution and risk metrics</li><li>Smoother onboarding</li></ul><h4>Mobile Expansion</h4><p>The mobile PWA experience continues to improve, with exploration into a dedicated mobile app as usage broadens.</p><h3>The Vision</h3><p>Carbon’s 2026 roadmap is not about shipping features in isolation.</p><p>It is about:</p><ol><li>Activating the Carbon Solver</li><li>Using it to unlock real-world markets through CFDs</li><li>Then optimizing, scaling, and professionalizing the platform around that core</li></ol><p>Everything else exists to support that trajectory.</p><h3>The Vision Behind the Roadmap</h3><p>If 2025 was about rebuilding, 2026 is about expanding.</p><p>Everything leads to the Solver.<br>Everything after the Solver leads to CFDs.<br>CFDs are the main driver that turns Carbon into the Everything Perp DEX, the platform that merges crypto and TradFi liquidity on-chain and makes hundreds of markets accessible without KYC, borders, or intermediaries.</p><p>Carbon is building toward a future where:</p><ul><li>Crypto traders can trade global markets</li><li>CFD traders can trade on-chain</li><li>Arbitrageurs can operate 24/7</li><li>LPs can earn a delta-neutral real yield</li></ul><p>The pieces are now in place.<br>2026 is when we put them together.</p><p>Thank you to everyone who used Carbon in 2025, whether for the first time or since the IntentX days.<br>This year, you’ll see Carbon grow faster, expand wider, and deliver more than ever before.</p><p>2026 is the year Carbon becomes the perp DEX that actually changes what people expect from a trading platform.</p><p>Carbon coded.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=9d6f0eb7b336" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Introducing Carbon — The Everything Perp DEX]]></title>
            <link>https://medium.com/@CarbonTerminal/introducing-carbon-the-everything-perp-dex-e822bbd5d1ba?source=rss-60c097e581c7------2</link>
            <guid isPermaLink="false">https://medium.com/p/e822bbd5d1ba</guid>
            <dc:creator><![CDATA[Carbon Terminal]]></dc:creator>
            <pubDate>Fri, 03 Oct 2025 15:36:05 GMT</pubDate>
            <atom:updated>2025-10-03T15:36:05.514Z</atom:updated>
            <content:encoded><![CDATA[<h3>Introducing Carbon — The Everything Perp DEX</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*hkAViaEh3ZCYcoRFQxQYSA.png" /></figure><p>The ultimate liquidity aggregator, bridging TradFi and Crypto liquidity for optimal execution on-chain. <strong>The Everything Perp DEX.</strong></p><p>As a team, we’ve spent many years navigating the intersections of traditional finance and blockchain. What started as a frustration with the limitations of both worlds has evolved into a clear mission: to create a decentralized perpetual exchange that aggregates all liquidity — crypto and TradFi — into one seamless on-chain platform. Carbon isn’t just another DEX; it’s the bridge that brings the full potential of derivatives trading to everyone, anywhere.</p><p>To date, Carbon (previously IntentX) has proven its product and thesis in crypto markets, generating over $13.5B in trade volume over the last 2 years, with our Solver hedging on Binance with over 500+ trading pairs.</p><p>We’re now undergoing the next evolution in our journey with the release of Carbon and the introduction of the <strong>Carbon Solver</strong> — unlocking 500+ additional Bybit crypto Pairs and 200+ TradFi Contracts for Differences (CFDs) for trade on the exchange.</p><p>This is a first-of-its-kind evolution in DeFi, fully integrating TradFi derivative products and liquidity for execution on-chain. No KYC, instant execution, fully collateralized, decentralized, secure.</p><p>Check out the <a href="https://carbon.inc">new website</a> &amp; <a href="http://docs.carbon.inc">docs</a>.</p><h3><strong>The Need for Carbon: Uniting Fragmented Markets</strong></h3><p>Finance today is a tale of two silos. On one side, crypto operates as a closed ecosystem — innovative yet limited, with liquidity often confined to a finite group of participants.</p><p>The broader economy, meanwhile, runs on traditional finance (TradFi), where the global derivatives market holds a notional value exceeding <strong>$600 trillion</strong>, with daily turnover averaging around <strong>$6.5 trillion</strong> in OTC derivatives alone. The Contracts for Difference (CFD) market, which provides retail access to assets such as stocks and commodities, is reaching a monthly volume of over <strong>$30 trillion</strong>.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*92iLkvmI3MmEjD_TY_tgPQ.png" /></figure><p>We can see that while growth in Crypto derivatives (CEX + DEX) has been rapid, it is still a fraction of the global derivatives market. By unifying both markets into one exchange with seamless on-chain execution, Carbon unlocks the combined total addressable market.</p><p>These worlds are disconnected, leading to inefficiencies. Crypto traders miss out on TradFi’s liquidity and asset selection, while traditional markets lack blockchain’s accessibility and speed.</p><p>Tokenizing real-world assets (RWAs) — bringing stocks or commodities on-chain — is a half-solution; it introduces real friction, including custody issues, redemption processes, high costs, and the challenge of rebuilding liquidity from scratch.</p><p>The reality is, blockchain excels at exchanging risk, not physical assets. That’s where derivatives come in. They enable us to trade exposure without moving the underlying asset, allowing for instant settlement, provable solvency, and real-time transparency. No more relying on credit rating agencies or opaque audits; everything is verifiable on-chain.</p><p>Carbon addresses this by <strong>solving the liquidity equation</strong>. Our intent-based solver system acts as a hybrid bridge, executing trades across off-chain TradFi venues and on-chain environments. This means accessing genuine liquidity — not synthetic recreations or limited liquidity pools — from sources like Binance, Bybit, and major Traditional Finance brokers.</p><p><strong>Carbon will bring access to global CFD markets on-chain. Real CFDs, real liquidity, and real connection to the TradFi markets.</strong></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*P2KgGAvGY4hhFqAmnzzjpw.png" /></figure><p><strong>Carbon bridges not only CEX &lt;&gt; DEX liquidity (Binance, Bybit), but now CEX &lt;&gt; TradFi liquidity.</strong></p><h3>Why Now: The Convergence of On-Chain and Global Finance</h3><p>The groundwork for this shift has been building since the early days of blockchain speculation in 2017–2021, but 2025 feels like the tipping point. Major institutions are moving on-chain: Cantor Fitzgerald is tokenizing U.S. Treasuries, VanEck is pushing crypto ETFs, and payment giants like PayPal and Stripe are integrating stablecoins. Brokerages such as Robinhood are blending DeFi features, and even U.S. policy under the current administration is leaning pro-crypto. BlackRock’s CEO has described tokenized assets as the “next generation for markets,” with projections of $10 trillion in tokenized securities by 2030.</p><p>At the same time, crypto derivatives are maturing rapidly. Perpetual futures now make up about 78% of total crypto derivatives volume, with perps dominating 68% of Bitcoin trading and 59% of overall crypto activity in recent quarters. Platforms like Carbon are seeing monthly volumes in the hundreds of billions, signaling a market ready for expansion into trillions. Regulatory clarity post-FTX, combined with Layer 2 scaling for low-cost transactions, makes now the ideal moment to build this bridge. Carbon will capitalize on a global migration to on-chain finance.</p><h3>Our Approach to RWA Derivatives: Intent-Based Efficiency</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*2P4dCBwIyvG03oEN.png" /></figure><p>Carbon’s core innovation is intent-based trading. Users simply state their goal — like “long Tesla at 5x leverage” — and our Automatic Market for Quotations (AMFQ) system gathers real-time quotes from competing solvers. These solvers hedge off-chain on venues like Binance, Bybit or TradFi platforms via MetaTrader5, then settle everything on-chain for security and transparency. This hybrid setup avoids the pitfalls of pure on-chain models, like shallow liquidity, while delivering CEX-like speed with DEX security.</p><p>The benefits are straightforward:</p><ul><li><strong>Instant Settlement</strong>: Trades execute without delays, with collateral locked on-chain.</li><li><strong>Provable Solvency and Transparency</strong>: Real-time auditing eliminates hidden risks.</li><li><strong>Deep, Real Liquidity</strong>: We tap into the full global CFD market liquidity.</li><li><strong>Lowest Costs</strong>: With Carbon Zero, we’re offering zero fees and tighter spreads for a limited time, making us the most efficient venue for both crypto and RWA assets.</li></ul><p>We’re launching the Carbon RWA Solver by the end of 2025, starting with 200+ CFDs across categories:</p><ul><li><strong>Stocks (123 pairs)</strong>: Including AAPL, TSLA, MSFT, AMZN, and META.</li><li><strong>Forex (62 pairs)</strong>: Covering USD, EUR, GBP, JPY, and more.</li><li><strong>Indices (12 pairs)</strong>: Such as S&amp;P 500, NASDAQ, Dow Jones, FTSE 100, and Nikkei 225.</li><li><strong>Commodities (8 pairs)</strong>: Featuring gold (XAU), oil (WTI/Brent), natural gas, and silver (XAG).</li></ul><p>From there, we’ll expand into more specialized derivatives, always prioritizing the most in-demand sectors.</p><h3><strong>Carbon: The Everything Perp DEX . Owned by You</strong></h3><p>Carbon is designed to be more than a trading platform. It’s a true DeFi native project with the <strong>$CARBON</strong> token capturing all upside in the platform’s growth and revenue. Details on <strong>$CARBON</strong> tokenomics are forthcoming, but right now, trading earns you Stacks, our points system that guarantees access to a substantial airdrop allocation for early users.</p><p><strong>We’re also introducing a public LP model for the RWA Solver, where depositors provide funds on-chain as collateral while sharing in profits from hedged trades. It’s delta-neutral, minimizing risk, and fully democratized.</strong></p><p>To make it sticky, we’ve built social features like Teams: Add our bot to a Telegram group, invite friends, and turn trading into a collaborative experience with one-click trade copying, P&amp;L leaderboards, and rewards like 25% fee rebates for group leaders. Accessibility is a key focus as well — log in via Telegram without a wallet, or connect seamlessly with any Web3 Wallet.</p><h3>The Endgame: All Assets, All Liquidity, On-Chain</h3><p>Ultimately, Carbon’s vision is to aggregate every asset and every pool of liquidity into one on-chain perpetual exchange. Whether you’re trading crypto pairs (over <strong>900</strong> with Bybit integration) or dipping into TradFi derivatives, Carbon makes it simple, secure, and efficient.</p><p>Check out our webapp and Telegram bot today. Start trading, earn Stacks, and be part of the future we’re building together.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*9-XaaRyol5SNkzLiz4NL1Q.png" /></figure><p>Website: <a href="https://carbon.inc">https://carbon.inc</a><br>Docs: <a href="https://docs.carbon.inc">https://docs.carbon.inc</a><br>WebApp: <a href="https://app.carbon.inc">https://app.carbon.inc</a><br>TG Bot: <a href="https://t.me/CarbonTerminal_Bot">https://t.me/CarbonTerminal_Bot</a><br>X: <a href="https://x.com/CarbonTerminal">https://x.com/CarbonTerminal</a><br>Discord: <a href="https://discord.gg/CarbonTerminal">https://discord.gg/CarbonTerminal</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=e822bbd5d1ba" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Introducing Carbon Zero — Trade With Zero Fees]]></title>
            <link>https://medium.com/@CarbonTerminal/introducing-carbon-zero-trade-with-zero-fees-ef64eb2cb808?source=rss-60c097e581c7------2</link>
            <guid isPermaLink="false">https://medium.com/p/ef64eb2cb808</guid>
            <dc:creator><![CDATA[Carbon Terminal]]></dc:creator>
            <pubDate>Thu, 25 Sep 2025 17:52:21 GMT</pubDate>
            <atom:updated>2025-09-25T17:52:21.806Z</atom:updated>
            <content:encoded><![CDATA[<h3>Introducing Carbon Zero — Trade With Zero Fees</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*RTzWqkGWjCD3_npJTP080g.png" /></figure><p>At Carbon, we’re building the best perp dex, period. But we don’t just want you to take our word for it. We want you to experience it. That’s why we’re launching <strong>Carbon Zero</strong>: for a limited time, you can trade on Carbon with <strong>absolutely zero fees </strong>and<strong> reduced solver spreads.</strong></p><p>This makes Carbon the most efficient perp dex to trade on-chain, with both super deep liquidity and the lowest fees.</p><p>This is your chance to see what the <strong>Deepest Liquidity On-Chain</strong>, <strong>500+ pairs</strong>, and Carbon’s <strong>trading engine </strong>really mean when you put them together.</p><h3>TL;DR</h3><ul><li><strong>Zero fees across all markets</strong> for a limited time</li><li>Reduced <strong>Solver Spreads</strong> for a limited time</li><li>Trade <strong>500+ pairs</strong> with the deepest liquidity anywhere on-chain</li><li>Try out Carbon’s <strong>Cartel system: </strong>trade with friends, earn together</li><li>Earn <strong>Stacks</strong> while you trade → direct line to the <strong>$CARBON</strong> airdrop</li><li>Available now on <strong>Web + Telegram</strong></li></ul><h3>Why Carbon Zero?</h3><p>Because Carbon is different. We know we’ve built the best perp DEX:</p><ul><li><strong>500+ pairs</strong> across crypto, Binance pairs, Bybit pairs, and more coming</li><li><strong>Deepest liquidity</strong> thanks to Carbon’s Solver architecture</li><li><strong>Telegram-native access: </strong>trade straight from chat</li><li><strong>Cartel trading: </strong>form or join Cartels, climb the leaderboard based on PnL, earn rewards.</li></ul><p>But we don’t just want to tell you. We want you to experience it.<br>So for now, <strong>fees are gone.</strong></p><h3>What You Can Do Right Now</h3><h4>🌐 Trade Everything in One Place</h4><p>From BTC and ETH to altcoins, Binance pairs, and soon Bybit Pairs &amp; RWAs, Carbon puts <strong>over 500 Perp Markets</strong> at your fingertips.</p><h4>💧 Feel Real Liquidity</h4><p>No more ghost books. Carbon infrastructure enables you to trade on-chain with CEX-level Liquidity, no more scam-wicks and high spreads.</p><h4>💎 Earn While You Trade</h4><p>Every trade earns <strong>Stacks</strong>. Stacks guarantee your place in the upcoming <strong>$CARBON</strong> airdrop. With <strong>Carbon Zero</strong>, you’re not just trading for free, you’re stacking rewards for the future.</p><h3>The Message Is Simple</h3><p>Carbon is, in our opinion, the best place to trade; we just want you to be able to experience it in the best way possible.</p><p>And this is just the beginning.<br>The markets we unlock next will change trading forever.</p><p><strong>Zero Fees. 500+ Pairs. Deepest Liquidity. Telegram. Stacks.</strong><br>It’s all live. It’s all Carbon.</p><p>👉 <a href="https://app.carbon.inc/trade"><strong>Trade Carbon Zero today.</strong></a><br>Your edge stays yours.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=ef64eb2cb808" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Introducing Carbon Fee Rebates — Up to 60% Off Trading]]></title>
            <link>https://medium.com/@CarbonTerminal/introducing-carbon-fee-rebates-up-to-60-off-trading-790567fb9180?source=rss-60c097e581c7------2</link>
            <guid isPermaLink="false">https://medium.com/p/790567fb9180</guid>
            <dc:creator><![CDATA[Carbon Terminal]]></dc:creator>
            <pubDate>Thu, 28 Aug 2025 16:46:48 GMT</pubDate>
            <atom:updated>2025-08-28T16:46:48.398Z</atom:updated>
            <content:encoded><![CDATA[<h3>Introducing Carbon Fee Rebates — Up to 60% Off Trading</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Q_7QDBASoYNLoqjVfqPKKA.png" /></figure><h3>The Carbon Fee Rebate System</h3><p>Trading fees suck. We know. That’s why <strong>Carbon’s Fee Rebate System</strong> is designed to reward serious traders with serious savings — up to <strong>60%</strong> off.</p><p>If you trade, you earn. No points hoops. No vague conditions. No lockups. Just pure $USDC ready to be claimed. While also earning Stacks for your activity!</p><h3>🧮 How It Works</h3><p>Your <strong>rolling 30-day volume</strong> <strong>&amp; Stacks Rank</strong> determine your <strong>fee rebate tier</strong>. As your volume increases, your rebates do too — automatically.</p><p>You can <strong>check your rebate tier anytime</strong> from your account settings and on the rewards page, and <strong>claim rewards.</strong> The rebates are real, onchain, and claimable from a smart contract, straight in $USDC.</p><p>Not only are you paying less fees the more you trade, you’re also earning more Stacks pushing you to a higher tier.</p><h3>💰 Fee Rebate Tiers</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*_j0CpKxGsnDoAO8wrk5azQ.png" /></figure><p>You don’t need to do anything special, just trade.</p><p>The higher your rolling 30-day volume, the higher your tier. The highest rebate possible is a massive <strong>60%</strong> off fees for traders pushing size.</p><h3>🔗 Claiming Your Rebates</h3><p>Once you qualify, head to the <a href="https://app.carbon.inc/account/overview"><strong>Accounts Page</strong></a>.<br>From there, you’ll see your active tier, past rebates earned, and a button to <strong>claim directly from the contract</strong>.</p><p>If you have an EOA account, claiming will happen via your wallet and funds will be distributed to your wallet.</p><p>If you have an Account Abstracted account, when clicking claim your $USDC Fee Rebate is added to your account balance.</p><h3>👀 Why It Matters</h3><p>Most DEXs charge and forget.<br>Carbon rewards and returns.</p><p>We want the best traders. So we’re building the best incentives.<br>Volume should come with perks, and Carbon makes sure it does.</p><p>The more you trade, the less you pay.<br>The less you pay, the more you earn.<br>Simple.</p><p>Start Trading Now: app.carbon.inc/trade</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=790567fb9180" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Carbon Stacks Explained]]></title>
            <link>https://medium.com/@CarbonTerminal/carbon-stacks-explained-cbfddc332f1a?source=rss-60c097e581c7------2</link>
            <guid isPermaLink="false">https://medium.com/p/cbfddc332f1a</guid>
            <dc:creator><![CDATA[Carbon Terminal]]></dc:creator>
            <pubDate>Mon, 18 Aug 2025 12:44:02 GMT</pubDate>
            <atom:updated>2025-08-18T12:44:02.724Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*YYTpIIdbSy5-78x7KBthhQ.png" /></figure><p>Carbon rewards those who contribute in volume, execution, and Cartel performance. <br>The result is <strong>Stacks</strong>: Carbon’s performance-based point system.</p><p>Every week, <strong>200,000 base Stacks</strong> are distributed to the traders and Cartels that move size and win consistently. These Stacks <strong>guarantee access to the $CARBON airdrop.</strong></p><p>In this article, we’ll go through all the ways of earning stacks and explain precisely how you can accumulate the most. Let’s get started.</p><h3>🧱 Base vs Bonus Stacks</h3><p>There are two types of Stacks distributed every week:</p><h3>1. Base Stacks</h3><p>These are fixed weekly: <strong>200,000 Stacks</strong> total:</p><ul><li><strong>60% to individual users based on Volume (120,000 Stacks)</strong></li><li><strong>40% to Cartels based on PnL (80,000 Stacks)</strong></li></ul><h3>2. Bonus Stacks</h3><p>Bonus Stacks are distributed <strong>on top of</strong> the 200K base.<br>They are primarily awarded through referrals and don’t subtract from the core pool.</p><p>If everyone had a 10% bonus in one week, the system would distribute 220,000 total, not 200,000 reallocated.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*WC9yfhLLluHf_UNJOTgy2w.png" /></figure><h3>📈 How Users Earn Stacks</h3><h3>🔹 Trade Volume</h3><p>Users earn Stacks based on their <strong>weekly trade volume</strong>, calculated from both opening and closing positions.</p><p><strong>Open = Volume.</strong><br><strong>Close = Volume.</strong><br>Two sides, both count.</p><p><strong>Examples:</strong></p><ul><li>A $40k position opened this week, but was not closed → $40k volume</li><li>A $60k position opened and closed this week → $120k volume</li><li>A $100k position opened before this week and was left open → $0 volume</li></ul><p>All volume is calculated <strong>within the weekly distribution window</strong> (Thursday 00:00 UTC to Thursday 00:00 UTC).</p><h3>👥 Referral Bonuses</h3><p>Referrals offer <strong>bonus Stacks</strong> to both the referrer and referee:</p><ul><li><strong>Referrer:</strong> Receives <strong>20%</strong> of their referees’ base Stack earnings</li><li><strong>Referee:</strong> Receives a <strong>10% bonus</strong> on their base Stacks</li></ul><p>These are <strong>additive</strong>. Nobody loses anything; both sides earn more.</p><p><strong>Example:</strong></p><ul><li>Referee earns 100 base Stacks</li><li>Referrer gets +20 bonus</li><li>Referee ends with 110 total</li></ul><p>This system is designed to reward <strong>networked traders</strong> without introducing complexity or dilution.</p><h3>🏆 How Cartels Earn Stacks</h3><p>Each week, <strong>80,000 base Stacks</strong> go to the <strong>Top 10 Cartels</strong>, ranked by <strong>total PnL</strong>.</p><p>Only Cartels with:</p><ul><li><strong>≥ $20K in volume</strong>, and</li><li><strong>Net positive PnL</strong><br>…are eligible to compete.</li></ul><h3>Weekly Cartel PnL Breakdown:</h3><p>Rank 1: 30%<br>Rank 2: 20%<br>Rank 3: 15%<br>Rank 4: 10%<br>Rank 5: 8%<br>Rank 6: 6%<br>Rank 7: 5%<br>Rank 8: 3%<br>Rank 9: 2%<br>Rank 10: 1%</p><p>If fewer than 10 Cartels qualify, unused Stacks are withheld for that week.</p><h3>📊 How Cartel Stacks Are Distributed</h3><p>Once a Cartel earns its share of Stacks, they’re distributed <strong>proportionally based on member PnL</strong> within the Cartel.</p><h3>🧬 Leagues: Track Your Progress</h3><p>As you accumulate Stacks, you’re placed into <strong>Leagues</strong> that reflect your overall performance.</p><p>🧪 Carbon: Top 5%<br>💎 Diamond: Top 10%<br>🥇 Gold: Top 20%<br>🥈 Silver: Top: 50%<br>🥉 Bronze: Everyone else</p><h3>✅ TL:DR</h3><ul><li><strong>200K base Stacks</strong> distributed weekly</li><li><strong>60% to users, 40% to top Cartels</strong></li><li><strong>Bonus Stacks</strong> via referrals (additive)</li><li><strong>PnL ranks Cartels &amp; splits Stacks</strong></li><li><strong>Only positive-PnL, $20K+ Cartels qualify</strong></li><li><strong>Leagues reflect long-term accumulation</strong></li><li><strong>Check your Stacks here: </strong><a href="https://app.carbon.inc/rewards"><strong>https://app.carbon.inc/rewards</strong></a></li></ul><p>Stacks aren’t something you buy.<br>They’re something you <strong>earn</strong> by blood, sweat, and tears.</p><p><strong>And all the blood, sweat, and tears will be worth it when $CARBON goes live.</strong></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=cbfddc332f1a" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Carbon Early Access is Now Live]]></title>
            <link>https://medium.com/@CarbonTerminal/carbon-early-access-is-now-live-bd26b0f1260d?source=rss-60c097e581c7------2</link>
            <guid isPermaLink="false">https://medium.com/p/bd26b0f1260d</guid>
            <dc:creator><![CDATA[Carbon Terminal]]></dc:creator>
            <pubDate>Mon, 04 Aug 2025 17:08:18 GMT</pubDate>
            <atom:updated>2025-08-04T17:08:18.242Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*tcq9PqAJDEcJtZSBHh6v2A.png" /></figure><p>Carbon is officially open. Early Access has begun.</p><p>You can now trade over 450 markets with up to 60x leverage, directly from the Web App or right inside Telegram. Whether you trade solo or with a Cartel, everything is built for speed, simplicity, and results.</p><p>Alongside Early Access, the <strong>Stacks Program</strong> is now live. Every trade, referral, and Cartel performance earns you Stacks.</p><p>Let’s find out what makes Carbon special:</p><h3>Webapp</h3><p>The Carbon Webapp is your full-featured trading terminal. You can log in with Telegram in a few seconds or use your wallet if you prefer.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*a3r7kzhLIgOgYCEHsYnftg.png" /></figure><p>Once inside, you can deposit from most EVM chains and start trading across 450+ pairs with 60x leverage. Thanks to Carbon’s design, you enjoy deep liquidity, tight spreads, and zero slippage surprises.</p><p>You’ll find your positions, PnL, referral stats, Stacks, and Cartel rankings all in one place. Everything is synced in real time with the Telegram Bot.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ZAi0yCkGy2P09M-9U6xfcg.png" /></figure><h3>Telegram Bot</h3><p>The Carbon Telegram Bot gives you full control of your account from inside Telegram. You can place trades, track performance, manage your Cartel, and chat directly with <strong>Corvus</strong>, your AI trading assistant. Everything is fully integrated.</p><p>There are two ways to use the bot:</p><ul><li>Use <strong>commands</strong> for quick actions</li><li>Or just chat naturally with <strong>Corvus</strong> for a smarter, conversational experience</li></ul><h4>Trading Commands</h4><p>Whether you’re on the go or just prefer Telegram, you can open and manage trades directly through chat. That’s what makes Carbon so special.</p><ul><li>/trade — Open a trade<br> <em>Example:</em> /trade BTC<br> <em>Or just say:</em> “Open a $20k ETH long with 20x leverage”</li><li>/positions — View your current open positions<br> <em>Or:</em> “What are my current positions?” <br>Close a position: (just reply to the one you want to close.)<br> <em>Or:</em> “Close my ETH short”</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/809/1*6uvUW4bmeUFOIhOtITKSSg.png" /></figure><h4>Cartel Commands (Group Chats Only)</h4><p>Cartels are trading teams. These commands let you create or manage them directly from your group chat.</p><ul><li>/create — Start a Cartel in the current group chat</li><li>/join — Join the Cartel connected to the group</li><li>/overview — View Cartel stats, leaderboard, and members</li><li>/invite — Create a link to bring new members in</li><li>/cartel — Manage your Cartel (for leaders)</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/805/1*r7Bv2KKBWOAGF5mCiOvk7Q.png" /></figure><h4>Referral &amp; Reward Commands</h4><ul><li>/referral — View your referral stats and link<br> <em>Or:</em> “What’s my referral link?”</li><li>/rewards — Check your Stacks, total earnings, and Cartel bonus<br> <em>Or:</em> “How many Stacks do I have?”</li></ul><h4>Leaderboards</h4><ul><li>/leaderboard — See top Cartels and traders<br> <em>Or:</em> “Show me the Cartel leaderboard”</li></ul><h4>Account &amp; General Commands</h4><ul><li>/start — Set up your Carbon account in Telegram</li><li>/account — Check your stats: volume, PnL, referral rewards</li><li>/docs — Quick link to Carbon documentation</li></ul><h3>Cartels</h3><p>Cartels are trading teams inside Carbon. You can either start one with your group or join an existing Cartel through Telegram.</p><p>Once you’re in, all of your PnL contributes to your Cartel’s leaderboard score. The Top 10 Cartels weekly, based on P&amp;L, earn bonus Stacks.</p><p>To create or join a Cartel, just add the Carbon Bot to a Telegram group. Once it’s added, any member can type:</p><ul><li>/create — to start a new Cartel in that group</li><li>/join — to join the Cartel connected to the group</li><li>/overview — to view your Cartel&#39;s stats, leaderboard rank, and members</li><li>/invite — to get an invite link to bring more members in</li><li>/cartel — for Cartel leaders to manage settings</li></ul><p>Cartels can be run however you want. Some have a single person posting signals, while others are full-on trading teams where everyone contributes. Everything is synced with the Web App, too, so even if you start a trade on Telegram, it appears instantly on your account. If you prefer trading on the Web App, it works the same way. Simply trade wherever you want; it’s all integrated.</p><p>There’s no limit on how many Cartels can be created during Early Access. The sooner you start one, the faster you climb the leaderboard.</p><h3>Stacks</h3><p>Stacks are Carbon’s way of rewarding early traders.</p><p>During Early Access, 2<strong>00,000 Stacks</strong> are distributed every week to users based on trading activity and Cartel performance. The more you trade, the more you earn. If your Cartel performs well, you’ll earn even more on top.</p><p>Every Stack you earn brings you closer to the $CARBON airdrop, but exact details on that will come later. For now, just know that early participation is heavily rewarded, and every trade counts.</p><p>Referrals are built in, too. When someone joins Carbon through your invite link, you earn <strong>20% of all their Stacks</strong>, forever. They also get a <strong>10% boost</strong> on the stacks they earn.</p><p>You can grab your link anytime with the /referrals command in the Telegram Bot.</p><p>Share it. Trade. Compete. Stack up.</p><h3>Get Started Now</h3><p>Early Access is now live, and this is just the beginning. Stay tuned for even more features, there’s a lot of building going on behind the scenes…</p><p>You can trade directly on the <a href="http://app.carbon.inc"><strong>Carbon Web app</strong> </a>or via Telegram with the <a href="http://t.me/CarbonTerminal_Bot"><strong>Carbon Bot</strong></a>. Everything is synced. Same account, same Cartel, same trades.</p><p>Start stacking. Build your Cartel. And trade like it matters.</p><p>Welcome to Carbon.</p><ul><li>Website: <a href="https://carbon.inc">https://carbon.inc</a></li><li>Twitter: <a href="https://x.com/CarbonTerminal">https://x.com/CarbonTerminal</a></li><li>Discord: <a href="http://discord.gg/CarbonTerminal">discord.gg/CarbonTerminal</a></li><li>Telegram: <a href="http://t.me/CarbonTerminal">t.me/CarbonTerminal</a></li></ul><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=bd26b0f1260d" width="1" height="1" alt="">]]></content:encoded>
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