Plutus is one of the key builders on Arbitrum who have played a significant role in the ecosystem’s strong growth. We’re proud to announce that they have chosen Camelot as the new home for their liquidity, and we’re excited that this partnership will align both protocols and enable the Arbitrum ecosystem to grow significantly stronger.
By welcoming Plutus to the Round Table, we are committed to supporting them with our bespoke infrastructure, sustainable tokenomics, and direct exposure to Camelot through a partner allocation and GRAIL incentives. In return, Plutus will be migrating their existing liquidity and incentives, thereby making Camelot the main DEX to trade $PLS and Pls assets such as plsDPX.
The Camelot Round Table gains a strong partner that will boost both TVL & volume, and the Plutus team gain bespoke infrastructure and support that will allow them to more effectively manage their liquidity.
To ensure a safe and smooth transition, we will be working with Plutus over the coming days to migrate their liquidity and incentives. Stay tuned for official announcements and more details.
A partnership to fuel growth 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.
Camelot is designed to move away from the standard short-term yield farm model to prioritize long-term and sticky liquidity. Therefore, we’re excited to build deep and sustainable liquidity for Plutus through our custom features, such as Nitro pools, dynamic fees, and spNFTS. Through this partnership, Plutus will be migrating its liquidity and leveraging our Nitro pools for its incentives. This will focus on PLS/ETH and plsDPX/DPX, as well as future Plutus liquidity requirements. In return, Camelot will be providing additional $GRAIL incentives to the pools. This partnership provides significant value to both protocols and thereby benefitting the broader Arbitrum community too.
Plutus is the governance blackhole of Arbitrum, and therefore this partnership is a natural fit. It is a privilege to support them on Arbitrum by welcoming them to the Round Table, and we’re committed to a long-term relationship that provides them with a bespoke service.
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.
Plutus is an Arbitrum-native governance aggregator aiming to maximize users’ liquidity and rewards while simultaneously aggregating governance behind the PLS token. Plutus’ objective is to become the de-facto Layer 2 governance blackhole for projects with veTokens.
As it stands today, Plutus has collaborated with Dopex, Jones, GMX and Sperax for a variety of Plutus-related governance products. In addition, Plutus is now expanding its product line to include Vaults with GLP as the premier product.
Plutus currently has two main product categories: plsAssets and plvAssets. plsAssets are related to governance aggregation and maximizing liquidity and rewards for users. These include plsDPX, plsJONES, and plsSPA.
plvAssets are vault products built to maximize rewards and convenience for end users, also offering a compelling building block for other protocols to use. These include plvGLP, and soon several others.
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 Plutus liquidity. For example, Nitro pools will allow Plutus 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 Plutus pools or add even further custom requirements to Nitro pools. This high level of control will allow us to support the Plutus protocol to build an efficient rewards structure for their token liquidity. Therefore, we can enable highly efficient returns on Plutus liquidity while bootstrapping critical infrastructure that benefits the entire ecosystem.
Most importantly, by welcoming Plutus 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 Plutus could open up new opportunities for use in other DeFi primitives.