Camelot V2 Enables “Highly Efficient” Trades

Camelot DEX launches its V2 with the release of Concentrated liquidity AMM on March 8. 

According to the protocol, with the new release, Camelot will bootstrap liquidity, focusing on the deepest pairs and allowing the community to use the platform organically without incentives. The AMM will follow the UI updates and the Concentrated Liquidity High-Efficiency Farms in the coming days. 

Camelot DEX leveraged Algebra’s V2 custom implementation to develop the AMM that enables “highly efficient” trading across the Arbitrum ecosystem. The new platform features custom and efficient features, similar to Univ3 code's tick-based concentrated liquidity AMM. 

The vanilla Univ3 codebase includes a number of performance improvements from Camelot DEX, including the following:

Dynamic Volatility Fees

Pool fees will automatically adjust according to volatility, adding efficiency. In this way, the fees for each pool will be highly specific to the market, thereby boosting volume and fees.

In addition, the AMM will automatically close orders at a specific price without an intermediary. This feature gives market makers and traders new opportunities to boost volume and fees, enhancing the efficiency of the AMM.

Token Rebasing

The AMM will also allow rebasing tokens to adjust the supply to optimize prices algorithmically. Liquidity providers share the unaccounted excess balance (from both rebasing and sending tokens directly to a pool address).

Custom Tick Spacing

The new Algebra V2 allows each pool to set its tick spacing parameters, unlocking greater flexibility and allowing more volume and fees to be captured.

Additionally, Camelot DEX plans to integrate the AMM into its existing spNFT and Nitro pool infrastructure to improve user-friendliness. As a result, the DEX can build custom and focused reward structures based on the already efficient technology.

Further, to power its swaps for new concentrated liquidity and existing stable/volatile pairs, Camelot has integrated with Odos Protocol.

Camelot ($GRAIL) is trading at $2348.17, up by 6.02% in 24 hours. 

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What is Camelot:

Camelot DEX is an Arbitrum native cryptocurrency trading platform. They have more than 60 trading pairs, the most popular being WETH/USDC, GRAIL/USDC, and USDT/USDC. 

Learn more about Camelot:

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