What is Camelot? Camelot is a DEX platform built and developed on Arbitrum’s ecosystem. Camelot has many differences compared to other DEXs on the market. So what’s the difference? Everyone, let’s find out through this article!
To understand more about Camelot, people can refer to some of the articles below:
- What is DEX? The Role Of DEX In DeFi
- What is Uniswap (UNI)? Uniswap Cryptocurrency Overview
- What is Arbitrum (ARB)? Arbitrum Cryptocurrency Overview
Camelot Overview
What is Camelot?
Camelot is an AMM built on Arbitrum aimed at high customization and flexibility, besides transactions are maximized efficiency for users and protocols can customize many factors to suit the project. mine.
AMM
Camelot’s AMM brings a concept that Dual – Liquidity Type (Dual Liquidity) means that Camelot’s AMM has two models: the model for Uniswap V2 volatile assets (x * y = k) and the model for Solidly’s parity assets (x^ 3y + y^3x = k).
With Dual – Liquidity Type, users can trade any type of asset on Camelot’s platform. The Dual – Liquidity Type model is similar to the 3xcaliSwap model of the 3xcalibur project. You can read the article again: What is 3xcalibur (XCAL)? 3xcalibur Cryptocurrency Overview
Besides Dual – Liquidity Type, Gamelot also introduces the model Dynamic Directional Feet Provides the ability to customize transaction fees (buy – sell) for different trading pairs depending on the time and market situation.
Finally, Camelot provides referral codes for users so they can refer their friends and receive a portion of the invitee’s transaction fee.
Staked Positions (spNFTs)
Providing liquidity for Pools with volatile assets, you can choose to lock liquidity depending on the time you want or not have liquidity locked. The longer the lock time, the more protocol rewards you receive.
The assets you lock into pools will be represented by spNFT (transferable).
Nitro Pool
Nitro Pools are liquidity pools consisting of locked LPs or spNFTs with a fixed unlock date and time. Nitro Pools can be created by users, projects or the Camelot platform itself.
There is a high possibility that this could be a service that Camelot brings to projects that want to start a liquidity pool from scratch with abundant liquidity from the community similar to Liquidity As A Service that Tokemak is implementing.
Tokenomics
Overview information about GRAIL token
- 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 Sale: 15%
- Protocol Owned Liquidity: 10%
- Genesis Nitro Pool: 5%
- Advisor: 2%
- Ecosystem: 5%
- Reserves: 8%
- Partnerships: 10%
- Core Contributor: 20%
- Development Fund: 2.5%
Token Release
All items such as Liquidity Mining, Core Contributor, Reserves, Development Fund, Advisor are not locked and are paid in installments within 3 years starting from TGE. Partnership’s tokens are locked for the first 6 months and gradually opened within 2 years.
Public Sales will be paid 5% as xGRAIL and 10% as GRAIL. Genesis Pool is paid in xGRAIL and vesting within 6 months.
Token Use Case
xGRAIL is a token that is rewarded when you participate in farming on Camelot. Users can convert from xGRAIL to GRAIL (within a minimum of 15 days 1 xGRAIL = 0.5 GAIL and within 6 months the conversion rate is 1 – 1). This is the point that helps GRAIL not be released into the market.
xGRAIL is used for voting on the platform.
In addition, a part of the transaction fee is burned, bought & burned GRAIL tokens.
Information Channel of Camelot Project
- Website: https://camelot.exchange/
- Twitter: https://twitter.com/camelotdex
- Medium:
Summary
The most worrying thing is that 35% of the total token supply was unlocked at the time of TGE, which is a relatively large number compared to normal projects, which are only about 5 – 10%. Besides, the % of the development team that is not locked also partly raises thoughts about whether the team will stick with the project for a long time?
As for the project’s products, they are a patchwork of many different products and do not have many breakthroughs in the products.
I think the project still needs a lot of time to observe!
