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Bancor DAO Mulls Proposal for Self-Arbitrage Bot to Cover $26 Million Deficit

Bancor DAO, the decentralized community that oversees the Bancor DEX, is considering a proposal to create a self-arbitrage bot to profit off opportunities on its own protocol in an attempt to reduce the deficit of $26 million on the platform.

The proposal calls for the creation of an arbitrage bot called Bancor Fast Lane. This bot will search for arbitrage opportunities, which capitalize on differences in the price of the same trading pair across different marketplaces, on all available Bancor pools.

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