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Decentralized Camelot Crosses $100M in TVL Ahead of

Have you heard of Camelot, the decentralized exchange (DEX) that runs on Arbitrum, a solution for ? If not, you might want to pay attention, because this DEX is making waves in the space. 🌊

Camelot has seen its total locked (TVL), a measure of how much are deposited in its , rise by more than 50% over the past week, crossing $100 million as of Sunday. That's a huge milestone for any DEX, let alone one that launched less than two months ago. 🚀

But what's driving this growth? Well, there are a few factors that make Camelot an attractive platform for traders and providers. One of them is the upcoming Arbitrum (ARB) airdrop, which is set to happen on Thursday. Arbitrum is giving away its native token to who have interacted with its network before March 18, and Camelot is one of the eligible . 💸

Users in the Camelot are expecting ARB, once airdropped, to be listed on the DEX, which would mean ARB can be traded or deposited in Camelot's liquidity pools. This could create more demand and incentives for using Camelot, as well as boost its TVL and volume. 📈

Another factor is the low fees and fast that Arbitrum enables. Unlike Ethereum, which is often congested and expensive to use, Arbitrum offers a smooth and cheap user experience, thanks to its optimistic rollup . This means that users can swap , provide liquidity, and farm on Camelot without worrying about high gas costs or long confirmation times. 🙌

Finally, Camelot also offers some unique features that set it apart from other . For example, it has a dynamic fee system that adjusts the trading fees based on conditions and user behavior. It also has a token (GRAIL) that allows holders to vote on proposals and receive a share of the protocol's revenue. And it has a lottery system that randomly rewards users who or stake on the platform. 🎁

So, are you interested in trying out Camelot? If so, you can visit its website here and connect your to start trading or providing liquidity. You can also join its on Discord or to stay updated on the latest and developments. And don't forget to your ARB tokens on Thursday if you're eligible. You never know, they might be worth a lot in the . 😉

This article is based on information from CoinDesk, TradingView, and Yahoo Finance.

Melanie Lynskey

By Melanie Lynskey

Hi, I’m Melanie Lynskey, a writer at I love to write about politics, history, and social issues. I’m always passionate about exploring different perspectives and challenging the status quo, and I enjoy sharing my analysis and commentary with my readers. I have a degree in political science from the University of Oxford, and I have worked as a journalist and a researcher before joining When I’m not writing, I like to travel, learn new languages, and listen to podcasts. You can follow me on Facebook @melanie.lynskey or email me at

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