KEY TAKEAWAYS
- Camelot, a leading DEX on Arbitrum, has launched on the Aleph Zero EVM, marking a significant expansion for Aleph Zero’s DeFi ecosystem.
- Camelot’s integration is expected to boost DeFi activities on Aleph Zero, leveraging its expertise in liquidity strategies and trading volumes.
- The platform will support both V2 and V3 models, offering diverse trading experiences and optimizing capital efficiency for users.
- Upcoming farming incentives aim to attract liquidity providers, enhancing trading activity and rewarding participants within the Aleph Zero ecosystem.
Camelot, the largest decentralized exchange (DEX) on Arbitrum, has officially launched on the Aleph Zero EVM. This development marks a significant milestone for Aleph Zero’s ecosystem, as Camelot brings its expertise in decentralized finance (DeFi) to a new platform.
Previously, Camelot facilitated over $75 million in total value locked (TVL) and daily trading volumes of approximately $200 million on Arbitrum. Its expansion into Aleph Zero is expected to enhance DeFi activities within this ecosystem.
Understanding Camelot’s Role in DeFi
Camelot is a prominent DEX initially developed for the Arbitrum ecosystem. It is recognized for its efficiency, flexibility, and innovative liquidity strategies. The platform supports a wide range of DeFi operations through both V2 and V3 models.
Camelot V2 offers traditional automated market maker swaps and farming, while Camelot V3 introduces concentrated liquidity. This feature allows users to supply liquidity within a selected price range, optimizing capital efficiency. By supporting both V2 and V3, Camelot caters to diverse trading experiences, accommodating various participants in the DeFi space.
Impact on Aleph Zero Ecosystem
The integration of Camelot into the Aleph Zero EVM opens up new possibilities for the Aleph Zero community. Users can now trade tokens on Aleph Zero EVM and soon benefit from additional yield opportunities through pools and farms.
Camelot will initially serve as the swap engine for the upcoming Common mobile app and the newly released extension. As Aleph Zero’s privacy layer evolves, users will be able to trade on Camelot while maintaining privacy.
In the coming days, farming incentives will be introduced to reward liquidity providers and stimulate trading activity. This approach aims to attract liquidity in a transparent, fair, and cost-efficient manner, allowing anyone to participate and earn rewards.
For more details on the launch, visit the official announcement here.
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