I/ @CamelotDEX is a DEX built on Arbitrum. It has developed a set of customizable liquidity infrastructures, designed to provide more liquidity and composability to Arbitrum. In addition, Camelot also contains a Launchpad that helps Arbitrum projects to conduct token public sales
II/
TokenInsight has rated Camelot's current performance with a B and a positive outlook.
2/ $GRAIL is the native token of Camelot, with a maximum supply of 100,000 and no substantial use. There would be no return by holding $GRAIL alone.
The portion of $GRAIL allocated to team/ partners/advisors will be fully unlocked over 3 years.
2.1/
xGRAIL is the governance token through converting $GRAIL with conversion ratio of 1:1. It is non-transferable. xGRAIL holders receive dividend, exclusive access or discount on launchpad events, etc. The number of xGRAILs held by users represents voting rights on governance.
3/
Since $GRAIL's launch in Dec 2022, its price has risen from $200 to around $3,400 with a 24h trading volume of $15.6m.
Besides Camelot DEX, $GRAIL is also live on multiple exchanges including @MEXC_Global, @BingXOfficial, @Uniswap, and @bitgetglobal.
4/ @CamelotDEX's TVL has also exploded due to the rapid growth of the @arbitrum, going from $18M to an ATH of $63M (2023-02-16) in less than 30 days. It is currently ranked 31st among all DEXs.
4.1/
Camelot's daily trading volume jumped from around $100,000 in early 2023 to a peak of $22 million, a nearly 200-times increase. Liquidity has also grown from $17 million to nearly $65 million.
5/ @nitrocartel
Nitro Cartel will launch the public sale of its governance token $TROVE on Camelot's Launchpad on Feb 17. It's a yield-bearing index and strategy vault protocol natively built on the Arbitrum network, designed to generate yield for users.
5.1/ @FactorDAO
It will launch its native token $FCTR on Camelot Launchpad on Feb 20. It's an on-chain asset management platform that helps users aggregate multiple DeFi assets and increase revenue through a variety of instruments and strategies.
5.2/ @PerpyFinance
A GMX-based perpetual asset management protocol with social functions. Users can create their own portfolios directly on Perpy or copy other traders' portfolios via smart contracts to earn revenue. The public sale of $PRY will launch on March 16.
6/ If you find our evaluations insightful, give us a β€οΈ
Retweet it for us!
TokenInsight Daily #CryptoNews π° Recap, Feb 16th
1/ π΅πππ π«πππ π«ππππ
HK's plan to become a crypto hub by officially legalizing crypto trading has led to a surge in crypto markets, amidst the US regulators' war on crypto. This move is expected to make it easier for money from China to flow into digital assets.
1.1/
Crypto experts have commented on the bullishness of this development, with predictions of an emerging Asian stablecoin and a shift away from U.S. dollar.
TokenInsight Daily #CryptoNews π° Recap, Feb 15th
1/ π΅πππ π«πππ π«ππππ @blur_io launched its long-awaited $BLUR airdrop and aim to establish decentralized governance for the Blur marketplace and to compete with rivals like OpenSea. This airdrop is the largest one in the NFT ecosystem since early last year.
1.1/
The token experienced high volatility and the price drop over 80% from the initial high of $5, the current market activity indicates that the fully diluted market cap of $BLUR is approximately $2.2 billion USD.
In this thread, we'll cover 5 project categoriesπ
1/ Vaults, the biggest category with most projects. 2/ Lending, enabling degens to borrow against their GLP holdings and add leverage to their yield farming.
3/ Options 4/ Social Trading 5/ Others
1.1/ @MIM_Spell
Abracadabra is the largest auto-compounding GLP farm with a TVL of $15.47 million. With magicGLP, the ETH yield generated is automatically reinvested into magicGLP, which maximizes returns. The value of magicGLP will increase over time due to the auto-compound.
1/
The graph shows the tokens with a trading volume of more than $1.3m in the past 24 hours, their overall price changes, as well as the corresponding community info.
2/ Most of the projects were launched on @ethereum and @BNBCHAIN, with #DeFi, #Meme and #NFT as the main fields. Although more than 30 new DeFi-related tokens were listed, most of them performed average. The ones with the most heat are in NFT and #Game. #AI is still hot as well.
TokenInsight Daily #CryptoNews π° Recap, Feb 14th
1/ π΅πππ π«πππ π«ππππ
The collapse of Terra's UST has impacted the decentralized stablecoin ecosystem, but $DAI, $FRAX, $LUSD, and sUSD have survived the volatile period. Newer upcoming Aave's $GHO and Curve's crvUSD have introduced innovation in the space.
1.1/
$DAI is the most established and widely used decentralized stablecoin. $DAI has shifted its focus to generating revenue from RWAs (real-world assets).
In this π§΅πwe will walk you through:
how an imbalance between longs/shorts in a bull market will reduce GLP returns, decrease GLP AUM and liquidity, and trigger a death spiral. #CryptoResearch
2/
In a bull market, GMX shorts not only do not receive funding fees but also have to pay borrowing fees.
As a result, GMX will be 95%+ long in a bull, as evidenced by OI between 2021-9-1 and 2021-11-10.
3/ GLP was losing money to traders during that period as well.