Trending Project: Camelot (GRAIL)
A new DEX has launched on Arbitrum.
Tl;dr: A new DEX has launched on Arbitrum.
Camelot is a decentralized exchange on Arbitrum, and supports trading over Uniswap-V2 or stableswap bonding curves. Camelot has several unique features, such as directional swap fees (trading fees that differ based on buys or sells) LP positions where users can lock their liquidity to receive boosted rewards, and “Nitro Pools” which are fixed-duration pools that allow for highly customizable rewards programs.
Camelot is governed by the GRAIL token. GRAIL can be staked for xGRAIL, a non-transferrable token that entitles holders to 22.5% of protocol revenue and the right to allocate emissions to different pools on the DEX. The GRAIL token is not yet live, but the protocol will be distributing 15% of its supply via a public sale on November 29.
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Ben Giove
Former Senior Analyst at Bankless.
