Halls of Olympia is building an immersive gaming and social experience set in Mt Olympus, where users will be able to explore a semi-open world and play engaging gladiator and chariot racing games. The $AMBR token plays an important role for in-game actions and utility, and in the coming months it will first be listed for trading on Camelot.
A long-term partnership to support native Arbitrum innovation
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. HOO is an exciting new Arbitrum platform that will launch in the coming months, and through this partnership, they are committed to seeding liquidity for the $AMBR token on Camelot. Camelot’s custom infrastructure will enable deep and adaptable liquidity for $AMBR, but most importantly, this partnership forms the foundation for a long-term relationship that will closely align HOO and Camelot’s shared vision of growing the Arbitrum ecosystem. HOO is driven by gaming and social innovation, and Camelot is proud to welcome them formally to the Round Table.
The Round Table is composed of the key Arbitrum builders, and we are excited that this partnership will further align the ecosystem to collaborate, innovate, and build together.
Bespoke support for an Arbitrum native gaming platform
The Halls of Olympia platform is set in a depiction of Mt Olympus, and users will be able to explore a semi-open-world map, interact with players, and engage with user-driven content and lore.
Most importantly, HOO will offer two exciting core games that users can spectate and predict the outcome on. The initial game modes will be Chariot Racing and Gladiatorial Combat. Game outcomes will be dictated by on-chain interactions, and be decided by a combination of your Olympian’s traits, abilities, and equipped items — as well as verifiable on-chain randomness.
$AMBR is the native token of HOO, and it’ll be vital across the core game loop and secondary activities in HOO, through mandated use and incentivized use. Users will be able to use $AMBR for crafting, playing games, prediction markets, buying in-game items, and even more.
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 HOO team wants to achieve. For example, Nitro pools would allow HOO to incentivise liquidity in a custom way, such as by only rewarding LPs that lock for >3 months and deposit over a certain amount.
In addition, we could set custom fees for $AMBR pools or add even further custom requirements to Nitro pools. This high level of control will allow HOO to have an efficient rewards structure for their token liquidity. Therefore, HOO will achieve highly efficient returns on their liquidity while also bootstrapping critical infrastructure that benefits the entire ecosystem.
Most importantly, this partnership will form the foundation for a long-term relationship that could lead to even further collaboration. For example, Camelot is committed to building a custom liquidity infrastructure that could enable novel vaults on HOO. The possibilities are endless, and we are excited to support one of the newest members of the Arbitrum ecosystem.
Upcoming launch plans for HOO
Halls of Olympia are currently hosting a community raise on Aerlin, and in the coming weeks and months they will roll out their first game features. Following the release of their first user-experiences, the $AMBR token will come to life and will be first listed on Camelot DEX.
The quest for GRAIL
Camelot has been live for 2 weeks and has now achieved just under $20m TVL. Our genesis pools were the first to launch and allowed us to build deep and sticky liquidity before our token emissions were even live. Following those, our public sale ended on Monday after raising $3.8m! These funds are being split 50% to PoL, 30% to xGRAIL dividends, and 20% to fund the team.
The GRAIL token launched successfully on Tuesday, and we’re proud that everything went smoothly and that our $4m of PoL managed to absorb the initial volatility. Our emissions and dividends are now live, and therefore the Camelot protocol is officially launched.
We are excited to form the Round Table and support the native builders on Arbitrum.