Bancor, a decentralized exchange (DEX) built on the Ethereum network, has started an on-chain trading platform, Carbon.

The release comes after Bancor’s decentralized autonomous organization (DAO) issued a proposal of the deployment on Ethereum, with 100% of the votes in favor of launching. Bancor uses an automated market maker (AMM) smart contract, a mechanism designed to provide liquidity to markets,

Carbon’s aim is to make trading on DEX easier and more advanced through trading functionality of a centralized exchange (CEX) but with the access and transparency of AMMs, according to the press release.

Read more: What Is a DEX? How Decentralized Crypto Exchanges Work

Carbon will create a single concentrated liquidity position that buys and sells only in specific price ranges, according to the press release. “Buy and sell ranges can be placed above and below a set price based on where a user expects a given token will trade, automating the process of swing trading on any ERC-20 token,” the press release said.

Liquidity pools typically require users to provide liquidity in a continuous range of prices, whereas Carbon is offering users the ability to distinguish between buy range and sell range, according to Nate Hindman, Bancor’s head of growth.

Customers will be able to “use a single liquidity position to set a buy range [e.g., buy $2,000-$2,100 worth of ETH] and a separate sell range [sell ETH between $2,300-$2,400],” Hindman told CoinDesk.

This will enable users to buy the token low and sell it high as ETH moves between those ranges. The liquidity automatically rotates between users’ ranges to fill the orders. This is a similar model seen on centralized exchanges, but has lacked on DEXs, said Hindman. “Bringing the trading functionality of CEXs to DEXs is key to driving the next wave of traders on-chain,” he added.

Read more: Decentralized Exchange Bancor Proposes Burning 1M BNT Tokens to Support Prices