Camelot DEX, built on the Arbitrum network, is a community-driven decentralized exchange. Camelot provides both builders and users with an adaptable infrastructure for establishing sustainable and customizable liquidity. Unlike traditional DEX designs, Camelot takes a unique approach that prioritizes composability, allowing the Arbitrum ecosystem the flexibility in managing assets. This DEX introduces innovative features, including a dual AMM system supporting both volatile and stable swaps, along with dynamic directional fees tailored to each trading pair's specifics.
One particularly unique element of Camelot is its novel liquidity approach, centered around non-fungible staked positions, enhancing capital efficiency and fostering strategic staking strategies.
At https://app.camelot.exchange/ you can toggle between the tabs at the top of the page to view trading, liquidity pools, positions, and more.
With Stride’s integration of Camelot, an stATOM/stETH pool is available for users, incentivized with GRAIL.
See for yourself here: https://app.camelot.exchange/pools/0x76d382d3e1C7A79fAD23Caf4c7A7fABb38D14017
Use this tutorial to navigate the process of providing liquidity using stATOM on Camelot.
Connect Your Wallet
Go to https://app.camelot.exchange/ and connect a Metamask wallet. Note that if you do not have a Metamask wallet yet but you have a different kind like Keplr, you are able to create a Metamask wallet simply by importing your existing wallet. Input your secure seed phrase to your wallet and save the Metamask widget to your Add-Ons by the searchbar.
Note: You must have some ETH in your wallet balance to pay gas and transaction fees.
Swap Assets for stATOM and wstETH
- Exchange funds for the assets you need - in this case, we want stATOM and wstETH.
- Go to the Trade/Swap tab and find the right pair. Specify the amount and confirm the asset you are trading away (in this case, USDT) by clicking “Approve [Token].”
- Pay fees and confirm the transaction in your wallet.
- Select the SWAP button in order to convert your original asset to stATOM.
- Follow the same procedure to acquire wstETH.
Providing Liquidity
- After you have the required assets available on Camelot, go to the Earn tab.
- In the Earn dropdown menu, select “Pools.”
- In the Search line, type stATOM to narrow the search circle. Go to the relevant pool and click Create position.
- Input the balance of each asset in the pool that you wish to provide liquidity to. Select “Approve” for both assets.
- Prepare to pay fees and confirm assets. Ensure that you have enough ETH for transaction fees.
- After confirming the assets, select Create position.
- In the next pop-up window, you have the option to set the number of days for which you want to lock your funds. The more days, the higher the APR.
NOTE: The maximum bonus to the annual interest rate is given for locking your funds for 6 months and 3 days.
Select the number of days you want to lock your assets for and select Create position. Pay fees and complete the transaction in your wallet.
Viewing Your Positions
Congratulations - your liquidity has now been added.
