Overall one of the more detailed proposals, although i am still trying to work out if the amount is fully justified.
Similar to GMX, i think anyone being honest with themselves will admit the role Camelot has played in the ecosystem, even if there have been some flaws. Its merit is clear.
A spread of 1.87m min and 3.09m max is quite a big difference, i would be curious to know how the team is going to manage this?
EDIT because i read too fast, my mistake⌠i did not see they split Camelot v2 and v3
Standardize DEX rewards across all Arbitrum DEXs.
Let competition win out.
Letâs not have a Velodrome situation on Arbitrum (kills competition)
@lolno Just look at the comments above ~ your statement is incorrect. How can you claim that they are underperforming in every metric when they have remained the number one native DEX on Arbitrum for many months now? Surely, there must be a reason for their successâŚ
No disrespect but your response doesnât come across as very convincing. So when you mention that the Camelot team has acted negatively toward teams you are allegedly associated with, I believe you may be lying for some undisclosed reason. If you scroll up, youâll find complementary comments from reputable individuals in the space that contradict your statement. And if they were truly difficult to work with, how did they manage to forge so many partnerships and attract numerous new teams to the ecosystem? If that were the case, they wouldnât hold the position of the number 1 protocol on Arbitrum when it comes to onboarding projects from other chains and fresh aspiring teams.
Are you trying to say that every DEX that applied for the grant should receive the same amount, regardless of their size and contributions to Arbitrum? Iâm not sure if you realize this, but at this point, several DEXes have applied for STIP, and the idea that every one of them should receive an equal amount of ARB doesnât make sense.
Camelot has consistently delivered substantial value to Arbitrum since day one, and ever since it became the number 1 native DEX on the chain, it has maintained that position. No other native DEX comes close to them. A few DEXes come to mind, like Zyber, Chronos, and Solidlizard, that tried to dethrone them and had a good go at it but look where they are now compared to Camelot.
Camelot has proven that they have everything it takes to become the flagship DEX of the ecosystem. Quite frankly, for the native flagship DEX of the chain, 3m ARB out of a 50m pot is hardly anything when you consider their accomplishments, sustainability, and all the contributions theyâve made to the ecosystem.
Itâs not like they are asking for a ridiculous amount sucked out of the finger, many already agreed that this is a very reasonable request considering all the aspects related to Camelot. In fact, I saw many people all over the discord servers saying that Camelot should have asked for more, and to be quite honest with you I wouldnât blame them if they did.
As far as I know, Velodrome was heavily incentivized pretty much right from the moment they launched. In contrast, Camelot never received any grants, they built their reputation and protocol position through pure grind. This certainly isnât a fair comparison when you evaluate OP and Velodrome against Camelot and Arbitrum. The game was fair right from the start on Arbitrum and every DEX participating in the ecosystem had the same fair chance to prove their worth.
Im not going to repost what I said. My posts have been remove three times already.
Camelot falls behind in the Volume / TVL metrics.
3 million ARB? No thanks
you already admitted you have a personal grudge against Camelot, donât try to pretend itâs about metrics now. youâre free to have your opinion but it seems obvious from the comments here that most builders and community members disagree, both about the platform and about the team.
As the biggest native DEX on Arbitrum, The Magpie Ecosystem acknowledges the role of Camelot DEX. Our collaborations with Camelot include initiatives like the PNP token IDO and the upcoming integration with Campie. With the support of the STIP, Camelot has the potential to enhance community growth and engagement within Arbitrum. The Magpie Ecosystem stands behind their long-term objectives and we seek to amplify their ecosystem.
Camelot has been the community first DEX on Arbitrum, having supported multiple projects on Arbitrum since their inception.
We at Stella support this proposal. We intend to build leveraged LPing on top of the Camelot V3 concentrated liqudiity AMM, and see multiple stakeholders in ecosystem benefiting from the incentives requested by Camelot.
This is a reasonable request for Camelot, given the huge amount of partners supported.
It is not limiting competition given some other DEX requests either.
I actually think the Ramses request at ~1.5m ARB is too high relative to Camelotâs request.
The ridiculous volume/TVL metrics being passed around in a table are honestly just noise and irrelevant of underlying AMM efficiency. Data points have to be viewed with singular pools over a longer time frame and irrespective of results, CLAMMs effectiveness are largely down to LPs rather than âprotocol efficiencyâ.
Having worked with the Camelot team firsthand, we at Gamma want to endorse this proposal and the team for all their hard work. Theyâve consistently been helpful, patient, and accommodating to us. We hope the delegates support the Camelot proposal!
Camelotâs approach to liquidity management is innovative and strategic, and it addresses Arbitrumâs core needs. Need to mention that their proven track record in sustainable liquidity management and commitment to data-driven adjustments are commendable.
Incentivizing a broad range of liquidity pools can not only deepen liquidity but also foster an environment that attracts more new protocols to the ecosystem.
We support this inititative!
Iâm precisely not a huge Camelot supporter, but thatâs simply wrong. Camelot is basically the native DEX with most volume/fees generated.
Hello @Camelot,
Now that your application has been marked eligible, please be advised of the remaining steps in the application process to be completed prior to the Review Period Deadline:
Please complete the following steps required for your application to proceed to Snapshot:
To change your proposal to final, please tag an Arbitrum Foundation Forum Moderator (@ stonecoldpat @ cliffton.eth @ eli_defi) by the Review Period deadline to notify them of your proposalâs readiness to proceed from [Draft] to [Final] status.
Once notified, the Arbitrum Foundation Forum Moderator will adjust your title from [Draft] to [Final] status. Once marked as [FInal], your application post will be locked by moderators and you will no longer be able to edit your proposal.
Firstly, thank you for your thoughtful proposal and your dedication to the Arbitrum ecosystem.
Camelotâs proposal aims to enhance the liquidity of native projects on Arbitrum, fortifying the broader ecosystem. They are seeking a grant between 1.87 million and 3.09 million ARB. Camelot stands out as the leading native DEX on Arbitrum and acts as a foundational liquidity hub for new protocols. With a focus on customization and flexibility, Camelotâs infrastructure supports both v2 and v3-like structured pools. The unique aspect of this proposal lies in its focus on rewarding performance and its adaptability after each epoch. We find this proposal aligns well with the goals of the Arbitrum ecosystem and consider it highly effective.
Castle Capital is genuinely impressed by the efforts put forth by Camelot and the valuable services they provide to the Arbitrum ecosystem. We fully support the proposal as it stands, recognizing the alignment of Camelotâs vision with that of Arbitrumâs.
We have no recommendations for change and trust that our comments are seen as an endorsement for the innovation and strength Camelot brings to the ecosystem. Thank you for your commitment and we look forward to your continued success in enhancing Arbitrum.
We would like to confirm that our application is ready be moved to [FINAL]. Please kindly adjust the application title accordingly @stonecoldpat @cliffton.eth @eli_defi.
Thank you.
Post has been marked FINAL and locked.
Blockworks Research is inclined to support this proposal on the condition that the requested maximum amount comes down to 2.5M ARB based on, among other things, the anticipated sustainable impact on, and goodwill to, the ecosystem, metrics such as TVL / volume / fees on Arbitrum and overall, a comparative analysis of all submitted STIP proposals, the distribution of incentives across verticals, as well as, to a certain extent, the recommendations made by the Arbitrum Working Group through the four grant categories.
The censorship on this forum is next level. All I said was: You guys vote how you want. Iâd rather have standardized DEX incentives or none at all.
How does that warrant my post getting removed?
Ramses is number 1 using this metric but they only requested ~1.2m ARB.
How does Camelot asking for over 3m make sense?
Standardize DEX incentives or risk killing competition like what happened on Optimism.
I voted against the Velodrome grants for the same reason.