Camelot DEX GRAIL Project Highlights

Bitrue
3 min readFeb 20, 2023

It’s 2023 and DEXes have been all the hype!

#Bitrue was responsible for listing both $GMX and $GNS months before they were listed on top exchanges such as Binance.

Now, we believe that we have found yet another gem–Camelot DEX $GRAIL.

  1. What is Camelot DEX?

Built on Arbitrum, Camelot DEX was launched in November 2022 with a focus on being a community-centric and decentralized organization for governance

2. Why Camelot DEX?

Camelot DEX stands out with its unique feature of a dual AMM model that allows it to support both Arbitrum native tokens and stablecoin swaps.

For traders and project teams, Camelot implements a dynamic directional fee mechanism, adjusting trading fees according to market condition and volatility of each trading asset.

Liquidity providers will be given a non-fungible staked position token, spNFT, which is unique to the platform. spNFTs can generate even more rewards when staked on Camelot’s Nitro Pools. Other usages of spNFTs are changing the amount of tokens deposited in the position, changing deposit lockup periods, and merging different LP positions.

On top of being a DEX, Camelot offers plenty of different features that enable users to maximize their gains, such as:

  • Yield Farms
  • Nitro Pools
  • Genesis Pools
  • xGRAIL staking & yield booster
  • Token launchpad
  • DEX tools including analytics, calculator, and earnings dashboard

When users stake using Camelot’s yield farms, nitro pools, or genesis pools, they will be rewarded with xGRAIL tokens (escrowed governance tokens) which can in turn be used for voting or staking for greater yield.

3. What is GRAIL?

GRAIL is the native token of Camelot DEX.

Since its inception late 2022, the token has reached an ATH of US$3,317 from its original launch price of US$227.

Here are some reasons why GRAIL has been pumping:

Designed as a deflationary token, GRAIL has a maximum market cap of 100,000 GRAIL tokens, which is considerably lower than most protocols in the space. Next, GRAIL also employs buyback and burn to ensure buy pressure for the token. Finally, GRAIL is the utility token of the platform, which can be used to provide liquidity to GRAIL pools.

While xGRAIL is a non-transferable escrowed governance token which can be used for governance voting, sharing protocols, yield boost pools, launchpad, and other additional plugins investment vehicles.

This dual token model allows GRAIL to truly represent a stake in the protocol’s value, while xGRAIL can be the main lifeblood of the ecosystem. The tokenomics of GRAIL is top tier and one of the best that we have seen so far.

4. Conclusion

Amongst the large number of Arbitrum DEXes, GRAIL continues to stand out as one of the top projects in the space with its far-sighted product and tokenomics model. On top of that, the platform has been gaining significant traction by being the go to public sale platform for tokens from innovative Arbitrum projects such as TROVE, FCTR, WINR, AMBR, and PRY. Not to mention, the DEX has also partnered with some of the biggest names in Arbitrum including JonesDAO and PlutusDAO.Camelot’s team has high aspirations to become the liquidity hub of Arbitrum, and from the looks of where its going, we can safely say that they are on the right track.

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Bitrue

Leading crypto exchange offering access to 700+ cryptocurrencies, with services including spot, futures, OTC, staking, auto-invest, copy trading, and more.