Camelot welcomes Lexer Protocol to the Round Table

Camelot DEX
4 min readJan 5, 2023

Lexer is an upcoming Arbitrum native perp DEX that will support trading for crypto, FX, and other assets. Lexer is powered by its innovative Hybrid Liquidity Engine and Smart Router on top of an evolving group of Oracle-based Settlement Algorithms.

Following their successful testnet, Lexer will launch their paper trading competition on Monday, 9th Jan. During the comp, users will be able to trade and test the app to have a chance to win $LEX token prizes. As a key partner, Camelot supports the competition, allowing users to select Camelot as a team.

After the trading competition, Lexer will continue to roll out its app on Arbitrum. We are excited to announce that it will exclusively list on Camelot when the $LEX token launches.

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 Lexer to the Round Table, we are committed to supporting $LEX liquidity with our various custom-built features and sustainable GRAIL incentives. Lexer is committed to seeding the pool with initial protocol-owned liquidity, and we’re excited that this will support their further growth on Arbitrum.

Lexer is an innovative protocol focused on building decentralized perpetual instruments, 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.

Lexer Protocol

Lexer is a decentralized perpetual trading platform supporting a wide range of markets with deep liquidity, the core features of Lexer are:

  • Wide range of tradable asset, Forex, Crypto and more
  • Zero slippage, Better Price for traders
  • Cross Margin , Position as NFTs enabling high composability
  • Liquidity providing without Impairment Loss

Lexer is powered by its innovative Hybrid Liquidity Engine and Smart Router on top of an evolving group of Oracle-based Settlement Algorithms. The Hybrid Liquidity Engine organically combines multiple liquidity models into a single trading platform. For example, multi-asset liquidity works for blue chip coins, while a synthetic model is more appropriate for forex and commodity indices.

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

Most importantly, by welcoming Lexer 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 Lexer could open up new opportunities for use in 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.