DeFi Project On #Arbitrum Needs More Breakthrough.

7 my honest take on the platform and what could make it truly exceptional -

@CamelotDEX

I. Introduction

  1. The project is a blockchain-based platform that uses AI to automate data-

    related tasks, by extracting data from human-generated documents like

    financial statements and contracts.

  2. Looking for a customizable and versatile decentralized exchange? Look no

    further than Camelot.

    As a native DEX on the #Arbitrum ecosystem, @CamelotDEX prioritizes ease

    of use and flexibility for its users. Plus, you can tailor protocols to fit your

    unique needs.

  3. Camelot Technologies Inc. created the project, which is a blockchain and

    cryptocurrency platform. The platform is intended to enable decentralized

    financial services such as payment, lending, leasing, and investing.

  4. This platform uses a unique AMM paradigm for trading and swapping tokens

    and stablecoins. The dynamic directional fees allow customized pool setups

    for specific trading pairs.

  5. Camelot's tech has a POS network and smart contract framework for safe

    decentralized financial services. They'll partner with other initiatives on the

    Arbitrum ecosystem to drive innovation, operating independently from DEX

    exchanges like @Uniswap or @Sushiswap.

II. Ecosystem

  1. Dex Exchange

    CamelotDEX's main product is AMM, which has a dual-liquidity system. It

    reduces slippage while trading high-volatility and low-volatility currency

    pairings.

    AMM proposes "variable transaction costs" dependent on market

    circumstances and the protocol’s own intents.

    This approach enables tailored fees for each currency pair, computed

    differently depending on the purchasing or selling direction.

    Users with Dual-Liquidity may trade any asset on @CamelotDEX’s platform.

  2. Camelot also presents the Dynamic Directional Fees model to adjust

    transaction fees based on time and market circumstances.

    Lastly, there's a referral code that allows customers to promote friends and

    collect a portion of their transaction cost.

  3. Camelot's new liquidity model uses #spNFTs (Staked Position

    Non-Fungible Tokens). Each LP has a unique stake position that can be

    minted into an NFT. Advantages include:

    • Unique ID

    • Save all of the user’s position parameters, such as the number of tokens

    • Token APY value and lock time using Multipliers Point.

  4. Yield Farming: Double Your Rewards

    Supply liquidity to @CamelotDEX using dual liquidity and get rewarded 80/20

    through $GRAIL and $xGRAIL incentive programs. Don't miss out!

  5. Nitro Pools are liquidity pools made of locked LPs or spNFTs with set unlock

    dates. Users, projects, or Camelot can establish Nitro Pools.

    @CamelotDEX may provide this service for projects looking to build a pool

    with ample community liquidity.

    Users can still contribute, withdraw, or harvest rewards while using the Nitro

    Pool. Developers must follow certain factors that favor holders and genuine

    project contributors:

    • Provide minimum #spNFT quantity when staking

    • Set minimum lock time or unlock date

    • Specify eligible wallet addresses for pool participation

  6. Lift-off with CamelotDEX's Launchpad!

    New projects in Arbitrum can launch tokens directly to the community

    through Launchpad, built into CamelotDEX's UI.

    Six successful projects, including GRAIL token, have already launched.

  7. Genesis Pools

    This is a liquidity pool built with the goal of increasing liquidity for partner

    projects in @CamelotDEX through Liquidity Farming. The majority of the

    incentives, however, are paid in tokens depending on that project and some

    $GRAIL + $xGRAIL.

  8. xGRAIL Plugin:

    • Users can design and integrate plugins in the ecosystem.

    • Dividends Plugin redistributes protocol revenues to users as $xGrail.

    • Yield Booster allows users to stake their $xGRAIL for greater profit.

    • Community Plugins are available but must adhere to technological

    constraints set by @CamelotDEX. Use caution before allowing new contracts

    to prevent losses.

III. Token

CamelotDEX has two tokens, $GRAIL and $xGRAIL, which users can farm.

Converting $xGRAIL to $GRAIL requires vesting, while the reverse conversion is

unrestricted.

The Dual-token System helps Camelot regulate supply and demand, ensuring stability.

Users transitioning to $xGRAIL can earn extra incentives and interest.

Camelot ranks first alongside @UniSwap V3 in the Arbitrum system's DEX array.

Revenue comes from transaction fees, Launchpad projects, and partners using

@CamelotDEX products.

Income will be distributed proportionally among liquidity providers (60%), $xGRAIL

holders (22.5%), $GRAIL buyback and burn (12.5%), and core contributors (5%).

CamelotDEX uses two tokens:

  • $GRAIL (liquidity token)

  • $xGRAIL (profit-sharing token, empowers DEX)

Token Release Schedule

$GRAIL (blue) and $xGRAIL (green) will be assigned on a three-year cycle, as

illustrated below. $GRAIL has 31% of the market’s initial floating tokens, while

$xGRAIL has 5%.

$xGRAIL is a token earned by farming on CamelotDEX.

Users can convert $xGRAIL to $GRAIL at 0.5 GAIL for every 1 $xGRAIL within 15

days or 1:1 after 6 months.

$xGRAIL enables platform voting and some transaction fees are used to acquire

and burn $GRAIL tokens.

$xGRAIL cannot be transmitted or exchanged, while $GRAIL can be freely traded

and swapped for $xGRAIL. This technique helps reduce selling pressure on $GRAIL

by incentivizing support through $xGRAIL.