Camelot is a decentralized and community-driven DeFi ecosystem on Arbitrum. The goal of Camelot is to create a supportive and sustainable environment on Arbitrum for decentralized applications to run and grow. Their products are innovative and feature-rich.
The Camelot protocol has two native tokens, Camelot Token (GRAIL) and Camelot Escrowed Token (xGRAIL). The former can be received as yield rewards from staked positions or spNFT; the latter is a non-transferable escrowed governance token that users can only get through GRAIL conversion or staked positions.
The project was launched towards the end of 2022.
The current Camelot ecosystem consists of:
- AMM, the core of Camelot that uses two cutting-edge technologies known as dual-liquidity and dynamic directional fees. The former divides liquidity pairs into two types and applies a different formula for each to ensure better swapping rates, while the latter allows configuration of swap fees based on the pair and whether it is a buying or selling transaction.
- Staked position is a new approach of staking and yield farming, in which users provide liquidity in exchange for spNFT (staked position NFT) as a type of deposit credit. SpNFTs introduce various novel ways to earn yields, which are split into GRAIL and xGRAIL tokens.
- Nitro Pools are where any spNFTs can be staked to generate extra rewards.
- xGRAIL plugins are smart contracts that allow users to make additional income from xGRAIL.
- DAO is the place where xGRAIL holders take part in deciding the operation and future of Camelot.
GRAIL's total supply: 73,506
GRAIL's circulating supply: 11,775.86
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