Ecosystem
Camelot DEX Launches on Aleph Zero EVM!
Dec 27, 2024
AI Summary
Camelot, the largest DEX on Arbitrum, is finally live on Aleph Zero EVM! Facilitating more than $75 million in TVL and daily trading volumes of around $200 million on Arbitrum, Camelot opens up a whole new era in decentralized finance on Aleph Zero’s ecosystem.
This launch has been highly anticipated by the Aleph Zero community, marking an important step toward growing private DeFi in the Aleph Zero ecosystem.
What is Camelot?
Camelot is a prominent decentralized exchange built first for the Arbitrum ecosystem. Known for its efficiency, flexibility, and innovative liquidity strategies, Camelot supports a wide range of DeFi operations through both V2 and V3 models:
- Camelot V2 offers traditional automated market maker swaps and farming.
- Camelot V3 introduces concentrated liquidity, which lets users supply their liquidity in a selected price range for better capital efficiency.
By offering support for both V2 and V3, Camelot can cater to a wide variety of trading experiences that suit every type of participant in DeFi.
What This Means for Aleph Zero
The integration of Camelot into Aleph Zero EVM opens up exciting possibilities for the Aleph Zero community!
You can now trade tokens on Aleph Zero EVM and soon get additional yield from pools and farms.
That’s just the beginning, though. Camelot will also serve initially as the swap engine on the upcoming Common mobile app and in the extension that has just gone live with its initial release.
As Aleph Zero’s privacy layer continues to evolve, you’ll also be able to trade on Camelot while protecting your privacy.
Farming: building up the liquidity transparently
In the next few days, we’ll support farming incentives to reward liquidity providers and kickstart trading activity. This is a transparent, fair, and cost-efficient way of attracting liquidity where anyone can participate and be rewarded.
Stay tuned to the news for when the farms are live to be one of the first LPs on Aleph Zero EVM!
You can already use it!
With your participation, we’re building a powerful, user-friendly DeFi ecosystem that prioritizes speed, security, and privacy.
A DEX has been one of the key missing parts on Aleph Zero EVM, for both private and public trading–and we’re happy to have it powered by Camelot, a well-known brand in the crypto ecosystem.
Start Swapping on Camelot Now!
