Bancor DAO proposes to create an arbitrage bot to reduce a $26 million deficit

According to ChainCatcher, The Block reports that the decentralized community overseeing the Bancor DEX, Bancor DAO, is considering creating an arbitrage bot named Bancor Fast Lane. This bot will search for arbitrage opportunities by exploiting price differences of the same trading pair across different markets in all available Bancor pools. The arbitrage bot is one of the ways Bancor is trying to cut its $26 million deficit. (The Block)