Camelot welcomes Hop Protocol to the Round Table

Camelot DEX
4 min readJan 3, 2023

With over $3bn total volume, HOP is one of the most popular trustless bridges that allows users to send tokens across rollups in a fast, cheap, and decentralized way. Hop is one of the most used bridges on Arbitrum, and we’re therefore proud to welcome them to the Round Table and support their liquidity.

Camelot aims to build deep and sustainable liquidity for $HOP on Arbitrum, enabling further innovation and creating more opportunities for their community. Hop currently offers attractive rewards on their Arbitrum bridge pools, and users can now use their $HOP tokens to provide liquidity and earn incentives on Camelot.

Users can provide liquidity and swap $HOP now, with the first farm going live on Friday, 6th Jan at 6 pm UTC.

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. Hop Protocol is a trustless bridge that provides the entire ecosystem with a fast and decentralized method of sending tokens across L1 and L2s.

While Arbitrum has the highest number of $HOP holders, there currently isn’t sufficient liquidity for users to trade the token. By welcoming Hop to the Round Table, we are committed to providing farming incentives to the HOP/ETH pool and supporting liquidity with our various custom-built features. Hop Protocol is also currently incentivizing its Arbitrum bridge pools, and therefore, users will now have further yield opportunities for their $HOP tokens.

Hop is committed to providing trustless infrastructure to the entire ecosystem, 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.

Hop Protocol — A fast, cheap, and trusted Bridge

Hop is a scalable rollup-to-rollup general token bridge. It allows users to send tokens from one rollup or sidechain to another almost immediately without waiting for the network’s challenge period.

It involves market makers (Bonders) who front the liquidity at the destination chain in exchange for a small fee.

This credit is extended by the Bonder in the form of hTokens, swapped for their native token counterpart through an AMM on the destination chain.

The result allows users to transfer tokens from one network to the next seamlessly.

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 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 is most effective for the $HOP 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 $HOP pools or add even further custom requirements to Nitro pools. This high level of control will allow us to support the Hop protocol to build an efficient rewards structure for their token liquidity. Therefore, we can enable highly efficient returns on $HOP liquidity while bootstrapping critical infrastructure that benefits the entire ecosystem.

Most importantly, by welcoming Hop 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 Hop could open up new opportunities for it to use in lending markets and other DeFi primitives.

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.





Camelot DEX

Camelot is an innovative and highly flexible DEX built to support the Arbitrum ecosystem. Community driven and capital efficient.