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Use Cases:
Camelot Decentralized Exchange (DEX)
What is Camelot?

What is Camelot?

Camelot is a decentralized exchange (DEX), a platform for trading cryptocurrencies without using an intermediary or relying on a central authority. Here, privacy and control lie in the hands of users. 

The DEX is built on the efficient Arbitrum layer-2 chain to allow for improved transaction speeds and reduced costs.

Camelot is driven by community involvement, employing a design that supports the larger digital currency ecosystem. It features adaptable features that allow users to customize their trading experience while ensuring a steady and flexible availability of liquidity for trades.

The platform offers Yield Optimization Strategies, which allow users to employ various risk management and profit maximization techniques. This complements its user-centric approach by providing tools for making informed decisions in yield generation.

Camelot also has an innovative feature specially designed to maximize their yield. Called Nitro Pools, it allows users to stake digital assets under specific conditions to gain access to higher rewards. This significantly enhances the traditional liquidity provision model.

Camelot has a launchpad that actively supports new protocols on Arbitrum by equipping them with essential tools necessary for launch and sustainable growth. Moreover, it strives to bring advanced functionalities to other protocols within the ecosystem. 

Below is a look at some of the platform’s defining features. 

What is unique about Camelot?

What's unique about Camelot? Camelot has 4 defining features: launchpad, grail token, xGRAIL, next-gen yield and incentives, and Nitro Pools. Read the full article to learn more about Camelot.

Camelot’s defining features include;

  • Launchpad: Camelot’s launchpad offers a unique and fair way for everyone to participate in token sales. It has no eligibility requirements, preferring instead to use a fair launch model. Here, all participants have an equal opportunity to buy tokens, regardless of their influence or investment size.
  • Grail token: This is Camelot’s native token. It facilitates farming rewards, market supply control, liquidity growth, and redistribution of earnings to users.
  • xGRAIL: This is the escrowed version of Camelot’s native GRAIL token. It serves as a non-transferable governance token and a source of farming rewards.
  • Next-gen yield and incentives: Camelot utilizes Staked Positions (spNFTs) instead of traditional yield farming mechanisms, allowing selected wrapped LPs to receive incentives. 

Users earn dual rewards (typically 80% xGRAIL and 20% GRAIL) when their spNFTs match listed pairs. Yield is boosted through locks or the staked asset, usually doubling returns.

  • Nitro Pools: These pools accept staked positions, offering additional yield rewards to liquidity providers. They allow protocols to directly incentivize targeted liquidity types or user profiles permissionlessly.

With these, Camelot allows you to experience DeFi in several ways. 

What can I use Camelot for?

  1. Yield Farming: Earn yield from staked positions in different DeFi protocols using Camelot’s unique liquidity approach based on non-fungible staked positions.
  2. Liquidity Provision: The DEX lets you provide liquidity to various DeFi protocols to earn farming rewards.
  3. Governance: Participate in the governance of the Camelot protocol using its native tokens, GRAIL and xGRAIL.
  4. Token Swapping: Swap different tokens within the Arbitrum ecosystem on the DEX.
  5. Real Yield: Benefit from Camelot’s real yield narrative where protocol earnings are partly redistributed to the xGRAIL users in the form of real yield.
  6. Yield Boosts: Utilize yield multipliers and lock-in features to boost returns from yield-generating staked positions.

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