To form a partnership that will achieve deeper and more efficient liquidity, Camelot is proud to announce Buffer as a key launch partner.
A long-term partnership for Arbitrum
Camelot is a custom-built protocol that aims to become the native Arbitrum DEX. By building multiple novel features from the ground up, Camelot enables higher capital efficiency and attempts to bring the real-yield approach to a DEX. Buffer is committed to providing liquidity for the $BFR token on Camelot through this partnership. In addition to incentives and emissions, they will receive an ownership stake in the protocol. Not only will this provide deep and adaptable liquidity for the $BFR token, but it most importantly forms the foundation for a long-term relationship that will closely align Buffer and Camelot’s shared vision of growing the Arbitrum ecosystem.
Buffer Finance is a non-custodial, exotic options trading platform built to trade short-term price volatility and hedge the risk of high-leverage positions. Buffer has recently successfully migrated to Arbitrum, and therefore this partnership will allow them to ensure they have deep native liquidity that they can manage through Camelot’s custom features. Buffer brings exciting new financial primitives to Arbitrum, and the Camelot team looks forward to supporting their growth in the ecosystem.
Camelot’s vision is to build innovative infrastructure that supports other Arbitrum builders and to achieve this, we have custom features that don’t exist anywhere else:
- Unique AMM implementation that supports volatile & stable assets with dynamic fees (custom fees per pool, as well as per buy or sell direction)
- A custom NFT wrapper for staked positions that allows LPs to be reused for further capital efficiency gains
- Nitro pools allow protocols to permissionlessly incentivize liquidity based on custom requirements
- Innovative escrowed tokenomics that enable a more sustainable protocol that can capture real yield for holders
Camelot will leverage all its unique features to ensure that liquidity is deep and adaptable — tailored to what the Buffer team wants to achieve. For example, Nitro pools would allow Buffer to incentivize liquidity in a custom way, such as by only rewarding LPs that lock for a certain time and deposit over a certain amount. In addition, we could set custom fees for $BFR pools or add even further custom requirements to Nitro pools. This high level of control will allow Buffer to have an efficient rewards structure for their token liquidity. Therefore, Buffer will achieve highly efficient returns on their liquidity while also bootstrapping critical infrastructure that benefits the entire ecosystem.
Camelot’s upcoming launch
As mentioned in our more detailed launch schedule post, Camelot’s launch sequence will begin on 22nd November — when the genesis pools go live. Users will therefore be able to participate in the $BFR pools from this date, earning attractive yield farming rewards before the Camelot protocol is fully live.
The overall sequence will be as follows:
Nov 22nd: Genesis pools are published and open to deposits
Nov 23rd: Genesis pools rewards start being allocated to depositors
Nov 29th: Public sale start
Dec 2nd: Genesis pools are closed to deposits
Dec 5th: Public sale end
Dec 6th: Token launch and farms open
Dec 7th: Farming rewards start; genesis pools rewards can be harvested
Please read this post for more details, and make sure to follow our main social pages to receive the latest updates and announcements.
The quest for GRAIL will soon begin.