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Camelot is the native decentralized exchange of Arbitrum, designed as the ecosystem's liquidity hub. It features multiple pool types including concentrated liquidity (V3), volatile, and stable pools.
The platform's unique Nitro pools allow protocols to bootstrap liquidity with customized incentive mechanisms. xGRAIL, the escrowed version of GRAIL, provides governance and boosted yields.
Camelot has become central to Arbitrum's DeFi ecosystem, hosting liquidity for many native projects and providing launchpad services through its partnerships.
V3, volatile, and stable AMMs
Custom incentive mechanisms
Escrowed tokens for governance
Built for the Arbitrum ecosystem
Round Table for new projects
Protocol revenue sharing
Swap with multiple AMM types
Provide V3-style liquidity
Earn boosted rewards in Nitro pools
Lock for governance and dividends
Bootstrap liquidity for new tokens
Nitro pools are Camelot's customizable incentive pools. Projects can create pools with specific requirements (lock duration, position size) and rewards. This allows precise liquidity bootstrapping beyond standard farming.
GRAIL is the liquid governance token. xGRAIL is escrowed GRAIL that provides boosted yields, governance voting, and dividend rights. xGRAIL has vesting periods to convert back to GRAIL, encouraging long-term alignment.
xGRAIL holders receive dividends from protocol fees. A portion of trading fees and other revenue is distributed to xGRAIL stakers. This creates real yield from actual protocol usage.
Camelot is Arbitrum-native with ecosystem focus and xGRAIL incentives. Uniswap is the established leader with deeper liquidity on major pairs. Camelot often has better rates for Arbitrum-native tokens.
Camelot is audited and has significant TVL on Arbitrum. It's been operating since 2022 without major incidents. Standard DEX risks apply. The xGRAIL mechanism is well-tested.