Dopex x Camelot
We are thrilled to share a new development that will maximize our LPs' efficiency, rewards, and opportunities. We have just joined forces with Camelot, a leading Arbitrum native DEX that is pushing the space with its unique approach. This strategic partnership is set to enhance capital efficiency, improve yields, and set a path for additional integrations in the future for our esteemed liquidity providers.
Today we will go over some of the key players in this new development on a very high level to illustrate what this partnership entails and the possible future possibilities of it.
Camelot pushes to have innovation built on top of its platform, in our case one that particularly interests us, is its state-of-the-art algebra v3 pools. These pools allow for precision LPing, enabling providers to offer CLAMM liquidity within specific ranges of their choosing. It's a blend of flexibility and efficiency, ensuring that your liquidity is not just provided but optimized for better yields. Dopex will specifically utilize these v3 pools not only for the DPX/ETH pair but also for our upcoming Dopex v2 products.
What are CLAMM’s:
CLAMM elevates liquidity provision allowing for full control. With Camelot’s v3 pools, you have the autonomy to determine the specific range within which your CLAMM liquidity is provided. This tailored approach ensures that your liquidity is precisely positioned to optimize efficiency and rewards.
We also partnered with Merkl (which is also partnered with Camelot) allowing depositors to reap incentives that are proportional to the concentration of their liquidity, where tighter ranges translate to more efficient swaps (less slippage for swaps) and enhanced yield for our esteemed LPs or liquidity managers. Merkel is great as it allows us to incentivize efficiency and in the future set incentives for even out the money ticks which will be advantageous for our Dopex v2 product.
Dopex v2 - The road ahead:
Dopex will soon be undergoing its rehaul and we are positioning ourselves for it. Dopex v2 is right around the corner, and our goal is to convert ALL of Arbitrum’s liquidity into this new disruptive hybrid model, blending enhanced LP efficiency with the creation of an options buy market for any asset. With Camelot’s v3 liquidity pools, Dopex v2 is set to transform all v3 positions, driving efficiency, and offering LPs opportunities to earn fees from otherwise idle out-of-the-money ticks.
The Camelot chads have gifted Dopex with a portion of GRAIL to be used as incentives. They offered us a generous allocation of which (50% will be used for incentives and 50% will be vested (utilization TBD)) this will be provided with our continued contribution of 20 DPX/Day to the DPX/ETH pool and 15 DPX/Day to the rDPX/ETH pool until rDPX v2 launch (more details at launch). In other words, Dopex will be supercharging incentives into the DPX/ETH pool with both DPX and GRAIL rewards. Through the migration process, we will also be doing a double incentive week to make sure we have a smooth migration.
- 20 DPX/Day on Camelot and 20 DPX/Day on Sushi for 1 week for the DPX/ETH pool during the migration period
- 15 DPX/Day on Camelot and 15 DPX/Day on Sushi for 1 week for the rDPX/ETH pool during the migration period
- TBD amount of GRAIL/Day distributed by Camelot (50% of the GRAIL will be allocated through Merkl and the other 50% will be through an ALM partner (To be announced))
Our partnership with Camelot isn’t just another partnership; it’s a new combination of liquidity and options. We’re ready and set to transform all their v3 liquidity pools into option buy markets. With the integration of Merkl’s technology, we’ll be able to incentivize and craft a liquid market that’s not just deep but flexible.
ALM Integration For Passive yields
For those who prefer the serene path of passive earning, we’ll soon be integrating with Active Liquidity Managers. These will be pre-built strategies built atop Dopex v2, designed for effortless depositing, seamless earning, and tranquil peace of mind.
Every section of our combined ecosystem, is finely tuned to drive LPs to be optimized, and actually rewarded.
We are at the point of a new stage for Dopex, and we expect many to join us in redefining the landscape of liquidity providing in DeFi.
P.S. We are always here to assist and support you, feel free to reach out if any issue is encountered.
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner. Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.
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