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Home All Events Camelot Liquidity & Farms Launch

Date

Dec 06 2022
Expired!

TimeUTC

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Dec 06 2022
  • Time: 12:00 pm

Status

Active

Camelot Liquidity & Farms Launch

Token and farm launch for a new DEX on Arbitrum.

DETAILS

  • Launch Details
    • Token will launch on native Camelot DEX
    • Token pair: GRAIL/USDC
    • Listing price: $254
    • Presale price: $254
      • Vesting: 100% at TGE
      • Presale held on Camelot website, here
    • Initial market cap (fully diluted): to be determined at the end of the presale
    • Initial liquidity: unknown
    • Taxes: 0%
    • Farms open right after token launch and farm rewards begin on Dec 7
  • 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)

Blockchain

Arbitrum

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