What is Camelot? Project Overview

What is Camelot?

Camelot is a DEX platform built on the ecosystem of Arbitrum. The objective of the initiative is to generate sustainable and adaptable liquidity to maximize investors’ money.

Camelot Products

AMM DEX

AMM is the central system of the Camelot ecosystem, and its development is based on the following methodologies:

• Dual liquidity: gives a high level of flexibility and customisation for liquidity
• Fee optimization: Enhances transaction efficiencies and optimizes user fees
• Product Launches: Generate revenues for consumers by enabling them to share links with numerous others.

Staked Positions

You can choose between a liquidity lock and unlocked liquidity when providing liquidity for pools with volatile assets, depending on the time frame you desire. The longer the lock time, the greater the protocol’s rewards.

The pooled assets will be represented by the spNFT symbol (transferable).

Use characteristics of spNFTs:

• Deposit/Withdraw/Increase/Decrease the quantity of tokens included within the position.
• Increase Lock time by editing Lock time
• If positions are consolidated, the position with the longest lock-up period will be the one that remains following consolidation.
• If positions are split and they have a lock period, the split positions will have the same lock period as the original.

Yield Farming

When the brothers furnish Camelot with liquidity via dual liquidity. She will have just earned a reward from two LPs and an incentive program with payouts of $GRAIL and $xGRAIL in the proportions of 80% and 20%, respectively.

Nitro Pools

Nitro Pool is the place to create pools that provide liquidity for Camelot’s partner project and for the user community.

In addition to the reward coming from providing liquidity, in Nitro Pool, the project will create a new layer of rewards with $ETH to incentivize the funds for the projects inside.

There are 2 types of Nitro Pool:

• Official Nitro Pools: created by Camelot or previously verified reputable partners
• Community Nitro Pools: can be created by anyone.

Since the liquidity of projects on Arbitrum is quite limited, this can be viewed as a very effective method of encouraging liquidity for Camelot’s partner projects. At the moment, each project will have its own DEX with liquidity. If Camelot is executed effectively, there would likely be a substantial concentration of liquidity for partner projects such as GMX, Buffer Finance, Sperax, JonesDAO, and Dopex…

Genesis Pools

Genesis Pool is a created-from-scratch liquidity pool designed to stimulate liquidity for partner projects via Liquidity Farming at Camelot. The majority of rewards, however, are paid in project-specific tokens and a little amount of $GRAIL + $xGRAIL.

This Pool is anticipated to be open for approximately six months beginning on 22 November 2022.

xGRAIL plugin

Plugins are related contracts with xGRAIL contracts. Anyone can design and incorporate them into the Camelot ecosystem. Some plugins were first developed by the Camelot staff (like dividend system, yield booster, launchpads,…)

• Dividend Plugin: The majority of protocol earnings are dispersed to users in the form of xGrail via the Dividend Plugin. In each weekly cycle, dividends are distributed continuously (in the form of incentives per second).
• Yield Booster: Using the YieldBooster plugin, each user can stake their xGRAIL for greater income. The increment multiplier varies based on the LP of the stake position, but is often two times the default number.
• Community Plugins: Thanks to xGRAIL allocations, any user or protocol can offer or implement their own plugins. However, they are subject to the protocol’s main technical constraints. Likewise, Camelot is not responsible for any Plugins authorized by third parties. Before approving new contracts, users must be cautious to avoid undue losses.

Token Details

Basic information

• Token Name: Camelot
• Ticker: GRAIL
• Blockchain: Arbitrum
• Token Standard: ERC-20
• Token type: Utility Token
• Total Supply: 100,000 GRAIL

Token allocation

• Liquidity Mining: 22.5%
• Public Salel: 15%
• Protocol Owned Liquidity: 10%
• Genesis Nitro Pool: 5%
• Advisor: 2%
• Ecosystem: 5%
• Reserves: 8%
• Partnerships: 10%
• Core Contributor: 20%
• Development Fund: 2.5%

Unlock schedule

It is evident that things such as Liquidity Mining, Core Contributor, Reserves, Development Fund, and Advisor are not locked and are paid in three-year payments beginning at TGE. However, partnership tokens are locked for the first six months and gradually unlocked over the course of two years.

Token Use Case

Users that participate in farming on Camelot will receive xGRAIL tokens as a reward. Users can convert xGRAIL to GRAIL at a rate of 1 xGRAIL = 1/2 GAIL for at least 15 days, then at a rate of 1-1 for six months. This factor prevents GRAIL from being released onto the market.

• xGRAIL is used for voting on the platform.
• Part of the transaction fee is burn, buy & burn GRAIL token.

Contact

Website: https://camelot.exchange/

Whitepaper: https://docs.camelot.exchange/

Twitter: https://twitter.com/camelotdex

Discord: https://discord.com/invite/r9V7rry3nz

Telegram: https://t.me/camelotdexann

Summing up

Through the above article, CryptoChill has helped you know about the Camelot Exchange and the highlights of the project.

Disclaimer: This post is not investment advice. You will be 100% responsible for your investment decisions.
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