Bancor launches beta version of arbitrage robot Arb Fast Lane

Odaily Planet Daily News Bancor announced that its arbitrage robot Arb Fast Lane has now launched a beta version and has been open source. Fast Lane allows any user to arbitrage between the Bancor ecosystem protocol and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem. With Fast Lane, the Bancor ecosystem protocol can now internalize arbitrage profits and not lose them to external agents such as arbitrage bots and MEV bots. Fast Lane currently supports arbitrage between Bancor V3, Uniswap V2, Uniswap V3 and Sushi. According to the Fast Lane proposal, arbitrage trading through Fast Lane contracts will be exempted from Bancor V3 mining pool fees. 50% of the profits earned by Fast Lane will be automatically converted into BNT and destroyed, and the remaining 50% of the profits will be automatically paid as a "finder fee" (capped at 100 BNT) to users who discover arbitrage opportunities and send them to Fast Lane.