Camelot welcomes Factor to the Round Table
Factor is an on-chain asset management platform launching on Arbitrum in February. They are uniting DeFi liquidity and yield under one easy to use protocol via managed vaults with access to yield-bearing assets, tokenized baskets, and derivatives.
Vault managers create custom portfolios and indices. Depositors utilize vaults to hedge or earn yield. The protocol takes fees on AUM. They are creating the no-code infrastructure and liquidity layer for on-chain asset management — a potential trillion dollar industry.
Following the completion of a successful initial boostrapping event with participation from well respected names in the space, Factor will be launching their $FCTR token through a public sale on Camelot. By leveraging our fair-launch model, Factor will be able to achieve a sustainable sale that prioritises price discovery and community distribution.
The public sale will be held on Camelot in early February, directly followed by the launch of the Factor platform, stay tuned for more details.
A long-term partnership to support innovation on 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.
By welcoming Factor to the Round Table, we are committed to supporting the launch of the $FCTR token with our custom-built fair-launch model. Last month, we launched $GRAIL through a fair-launch public sale, and we’re excited to now offer this as a feature for other Arbitrum builders.
Following the public sale for Factor, the $FCTR token will first be tradeable on Camelot. In addition to our bespoke support, we are committed to ensuring deep and long-term liquidity for $FCTR through our novel features and sustainable GRAIL incentives. By using our fair-launch model, Factor will be able to ensure their community has an equal opportunity to participate, and we’re excited that this will support their future growth on Arbitrum. In addition to supporting their launch and token liquidity, Camelot will also be one of the integrated sources of liquidity for Factors decentralized vaults.
Factor is an innovative protocol focused on building infrastructure for decentralized asset management, and it is a privilege to support them on Arbitrum by welcoming them to the Round Table.
The Round Table comprises the key Arbitrum builders, and we are excited that this partnership will further align the ecosystem with collaborating, innovating, and building.
With Factor’s easy-to-use interface, users can manage and discover digital assets with a few clicks. Factor caters to any risk profile or investment criteria, so users can easily find instruments that suit their needs. Users can also mix and match yield-bearing assets, tokenized baskets, and derivatives to create new portfolios and indices.
Factor’s infrastructure for tokenized vaults is based on the ERC-4626 token standard. This standard was officially recognized by Ethereum in Q4 2021 and provides a flexible framework for vault creation. However, the default state of the ERC-4626 contract does not support multiple underlying assets. That is why we’ve made minor but impactful modifications that expand upon the smart contract’s functionality and flexibility. This will allow creators to add multiple supported tokens into the vault, which opens up a vast number of possibilities.
Use cases for these vaults include tokenized indices, yield pools, and other derivatives. Not only can these features be leveraged by the entire Arbitrum ecosystem, but they also open up unique opportunities for treasury management and more sophisticated investment strategies on-chain.
Custom-built Liquidity Infrastructure
Camelot’s vision is to build innovative infrastructure that supports other Arbitrum builders through unique custom features:
- 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 incentivize liquidity based on custom requirements permissionlessly
- 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 is most effective for the $FCTR token. For example, Nitro pools would allow us 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 $FCTR pools or add even further custom requirements to Nitro pools. This high level of control will allow us to support the Factor protocol to build an efficient rewards structure for their token liquidity. Therefore, we can enable highly efficient returns on $FCTR liquidity while bootstrapping critical infrastructure that benefits the entire ecosystem.
Most importantly, by welcoming Factor to the Round Table and building deep liquidity for their token, we hope to foster further innovation within the Arbitrum ecosystem. For example, deeper liquidity for Factor could open up new opportunities for use in other DeFi primitives.
See below for relevant resources. They’re hosting a community call in their Discord at 16:00 UTC today (Saturday 7 January 2023). Join Discord using the link below to hear from the team and learn more!:
Product walkthrough: https://youtu.be/LGtdAmjT0c8
The quest for GRAIL
After launching one month ago, we’re proud to have set the initial foundations for Camelot to become the Arbitrum native DEX.
Before launching, we announced the formation of the Round Table with our Genesis partners: GMX, Umami, Jones, Buffer, GMD, Sperax, and Nitro Cartel. With our partner’s support, our genesis pools allowed us to bootstrap $15m TVL before even having a token live!
Following our initial partners and genesis pools, we proceeded with the fair launch of our $GRAIL token. We’re proud to have had a smooth sale, raising over $3.8m with a final valuation of $25m FDV! No VC, no presale, $GRAIL was an utterly fair opportunity for the community to purchase.
From the beginning, Camelot is designed as a custom-built protocol that prioritizes sustainable tokenomics and long-term behavior. We’re proud that our Genesis farms & fair launch sale demonstrated these commitments to the community.
Now that the foundation has been set, we’re excited to move forward at full speed, with some very exciting announcements planned for the coming weeks.