To form a partnership that will achieve deeper and more efficient liquidity, Camelot is proud to announce Umami 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. As part of this partnership, Umami will receive an ownership allocation in the Camelot protocol, as well as receive bootstrapping incentives for an UMAMI pair. Not only will this benefit the Umami protocol directly, but it additionally provides further yield opportunities for the Umami community.
Umami is committed to seeding the liquidity for the cmUMAMI/UMAMI LP on Camelot, which, with our unique AMM, we’ll support with a dynamic fee stableswap pool. This means that in addition to more efficient liquidity, Umami are able to set different fees per buy or sell direction. This introduces a new primitive layer of control that allows for dynamic trading of the cmUMAMI token.
Whilst the initial partnership will focus on cmUMAMI/UMAMI, we are excited to form a long-term relationship with Umami and are excited to support the team with any future specific liquidity requirements.
Bespoke liquidity strategies for a core Arbitrum native protocol
Umami is pioneering the mass adoption of DeFi with its expanding array of DeFi Yield products tailored to institutional investors. Umami bridges the gap between DeFi and TradFi by creating best-in-class DeFi products and distributing them to financial institutions through its in-house Registered Investment Advisor (RIA), Umami Advisors, and its expanding partnership network of digital asset custodians.
Umami is one of the core native Arbitrum protocols, and we are therefore excited to have the opportunity to support their liquidity and any other future bespoke liquidity requirements. Umami represents the reasons that make Arbitrum so fundamentally strong; this partnership will allow the broader ecosystem to see further innovation and collaboration.
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 Umami team wants to achieve.
This high level of control will allow Umami and the broader ecosystem to have an efficient rewards structure for token liquidity, which leads to better trading for users and better yields for LPs.
As mentioned above, this partnership will begin by focusing on cmUMAMI/UMAMI leveraging our stableswap pools and our unique ability to assign different fees on a pair according to the swap direction.
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 Umami pools from this date, earning attractive yield farming rewards before the Camelot protocol is fully live.
The overall sequence will be as follows:
Nov 22th: Genesis pools are published and open to deposits
Nov 23th: Genesis pools rewards start being allocated
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
Please read this post for more details, and follow our main social pages to receive the latest updates and announcements.
The quest for GRAIL will soon begin.