[Camelot] Bi-Weekly Update [11/30/2023] - Epoch #1
Recap of the Previous Two Weeks (11/14 to 11/28)
Over the first epoch, Camelot has seen strong growth across all the key metrics. Most importantly, in addition to the increase in baseline metrics, Camelot has focused its STIP incentives to support protocols migrating to v3 liquidity, onboarding new pools, and a consistent BD effort to expand the ecosystem.
Whilst these objectives are harder to quantify, Camelot emphasises that its strategy combines efficiency with long-term sustainable growth for Arbitrum. By directly supporting builders, Camelot’s impact goes beyond just liquidity alone.
Alternative approaches could maximise short-term metrics, but as seen by the fees metrics, the current distribution of incentives aims to achieve long-term liquidity rather than just short-term growth alone.
Camelot’s ecosystem-focused approach is also demonstrated by over 55 individual pools being incentivised, 45 of which are for Arbitrum partner protocols. Therefore, the overall increase in performance is not just for bluechip pools, but broadly spread across builders and their communities.
ARB Received Last Disbursement: 441,429
ARB Utilized as Incentives in the Last Two Weeks: 385,000
Contracts incentivized over the last 2 weeks: https://docs.google.com/spreadsheets/d/1javjk3siZv5f3zJ4zMdrCudnH6mhbFeWP4HjAu10kwc/edit#gid=0
Contract address label Form completed for all addresses: Yes
ARB left over: 56,429
Plan for leftover ARB: Kept in reserve to be used on new protocols / pairs / emissions adjustments if needed, will be sent back at the end of the STIP if not.
Summary of incentives: CAMELOT - STIP - ARB allocations - Google Sheets
STATS
Average daily TVL: 107.8m
Edit (fix): had previously mistakenly written V3 TVL only
Average daily transactions: 17,483 (trades only)
Average daily volumes: 51.8m
Number of unique user addresses: 3,622 (DAU)
Link to Dashboard showing metrics:
https://dune.com/whale_hunter/camelot-dex-arbitrum-stip
*Note: while global metrics are fully accurate, some specific pairs’ metrics (TVL/volume/fees $) can be considerably undervalued due to Dune’s lack of support of some tokens. Accurate data for those specific pairs can be found on our analytics page:
https://info.camelot.exchange/
Metrics comparison (pre-stip vs epoch #1) for incentivized pairs only:
Plan For the Next Two Weeks (11/28 to 12/12)
As mentioned above, Camelot will continue the strategy executed within the first epoch to support native builders, onboard new protocols, and achieve long-term sustainable liquidity.
Several new protocols are included in the 2nd epoch, such as $MIM, $RDO, $FCTR, and $TST. Incentives for these new pools will help support the liquidity of ecosystem protocols, with the 2nd epoch distributing incentives to over 50 partner pools.
Metrics showed significant growth across the board in the first epoch due to strong momentum and a general market pickup. While we expect consistent growth going forward, we would also like to reiterate that the first epoch will naturally show some of the highest growth when the metrics are compared to pre-STIP conditions.
Amount of ARB to be distributed: 350,000 ARB
Contracts that will be incentivized: https://docs.google.com/spreadsheets/d/1javjk3siZv5f3zJ4zMdrCudnH6mhbFeWP4HjAu10kwc/edit#gid=0
Contract address label Form completed for all addresses: Yes
Mechanism for distribution incentives: Merkl and Camelot’s Nitro pools
Summary of incentives plan: CAMELOT - STIP - ARB allocations - Google Sheets
Summary of changes to the original plan: In regard to the current new deadline set to February 16th, we’ve accordingly decreased the allocations for epoch #2 from 400k to 350k ARB - despite the strong results obtained in epoch #1 - so we could extend our distribution to 7 epochs instead of 6. The +/- 10% adjustments between the next epochs will be maintained as stated in the originally proposal, based on those 350k ARB as a starting point.
