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The new AMM leverages Algebra’s V2 custom implementation to offer efficient trading across the Arbitrum ecosystem.
Camelot V2 enables “highly efficient” trades
Camelot DEX launches its V2 with the release of Concentrated liquidity AMM on March 8th.
According to the protocol, with the new release, Camelot will start up liquidity, focus on the deepest pairs and let the community use the platform organically without incentives. AMM will follow the UI updates and Concentrated Liquidity High-Efficiency Farms in the coming days.
Camelot DEX leveraged Algebra’s V2 custom implementation to develop AMM enabling “highly efficient” trading across the Arbitrum ecosystem. The new platform has customized and efficient features similar to the 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
The pool fees will automatically adjust according to volatility, providing efficiency. In this way, the fees for each pool will be very specific to the market, thus increasing volume and fees.
In addition, AMM will automatically close orders at a specific price without intermediaries. This feature gives market makers and traders new opportunities to increase volume and fees, increasing the efficiency of AMM.
Token Rebasing
AMM will also allow rebasing tokens to adjust supply to algorithmically optimize prices. Liquidity providers share the unreported excess balance (from both rebasing and sending tokens directly to a pool address).
Custom chin distance
The new Algebra V2 allows each pool to set its tick spacing parameters, unlocking greater flexibility and allowing more volume and fees to be recorded.
In addition, Camelot DEX plans to integrate AMM into its existing spNFT and Nitro pool infrastructure to improve user-friendliness. As a result, DEX can build customized and focused reward structures based on the already efficient technology.
Furthermore, to operate its swaps for new concentrated liquidity and existing stable/volatile pairs, Camelot has integrated with the Odos protocol.
Camelot ($GRAIL) is trading at $2348.17, up 6.02% in 24 hours.
What is Camelot:
Camelot DEX is a native cryptocurrency trading platform from Arbitrum. 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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