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Home All Events Camelot Genesis Pools Launch

Date

Nov 22 2022
Expired!

TimeUTC

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Nov 22 2022
  • Time: 12:00 pm

Status

Active

Camelot Genesis Pools Launch

Genesis farms for a new DEX on Arbitrum.

DETAILS
    • Launch Details
      • Deposit in available genesis pools to earn native xGRAIL rewards and also additional partner token rewards in available partner pools
      • Available genesis pools will include native & partner pools;
        • Native pools – USDC/USDT, DAI/USDC, ETH/USDC, ETH/BTC
        • Partner pools – GMX/USDC, MIM/USDC, SPELL/ETH, GMD/ETH, SPA/USDs, USDC/USDs, BRF/ETH, UMAMI/ETH, JONES/ETH
      • Deposits will remain open until Dec 2 — after which, deposits are no longer possible
      • Rewards emission will begin on Nov 23 (but can’t be harvested yet) and linearly distributed for 6 months
      • Rewards harvesting will begin on Dec 7
      • Normal LP farms open on Dec 6 and LP farming rewards begin on Dec 7. Genesis stakers will earn dual genesis and LP farming rewards
      • To participate in the genesis farms;
        • Create a position (spNFT) by adding liquidity for the available liquidity pairs
        • spNFT will receive xGRAIL rewards automatically
      • No deposit or withdrawal fee
      • Deposits can be withdrawn anytime
    • Mechanics & Features
      • Camelot is a DEX based on a dual AMM able to support both volatile (UniV2) and stable (Curve) swaps
      • Dual token system – native liquid GRAIL and escrowed version xGRAIL; a non-transferable governance token, both being used as farming rewards
      • Features include;
        • Dynamic directional swap fees – ability to set different fees depending on the direction of the swap
        • swap referrals – partner projects can add its referral address and receive a part of their pool’s swap fees
        • NFT staked positions (spNFT) – yield-bearing NFTs which can be staked in yield farms to earn GRAIL, or in fixed-duration Nitro pools to earn xGRAIL
        • Dividends & yield booster – stake xGRAIL and earn a share of protocol earnings; 0.5% unstake fee
        • governance – xGRAIL is the governance token, more xGRAIL held, more voting power
      • Protocol earning (fees) distributed as;
        • 60% for Liquidity Providers in LP tokens
        • 22.5% in dividends redistributed to xGRAIL holders
        • 12.5% for GRAIL buyback and burn
        • 5% to the Core Contributors funds
    • Tokenomics
      • Token symbol: GRAIL
      • Token supply: 100,000
        • 15% — Public sale (5% xGRAIL & 10% GRAIL)
        • 10% — Protocol Owned Liquidity (7.5% used for initial liquidity, pre-minted in a multisig)
        • 5% — Genesis Nitro Pools (distributed as xGRAIL – 6 months linearly vesting)
        • 22.5% — Liquidity Mining (3 years linear vesting)
        • 20% — Core Contributors (3 years linear vesting)
        • 10% — Partnerships (6 months cliff, then 2 years vesting)
        • 8% — Reserves (pre-minted in a multisig)
        • 5% — Ecosystem
        • 2.5% — Development Fund (3 years linear vesting)
        • 2% — Advisors (3 years linear vesting)
    Links & Resources
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