Camelot Introduces V2 Upgrade with Concentrated Liquidity AMM and UI Overhaul

Apr 07,2023,05:41

Camelot has announced the launch of its new V2 upgrades. The product, which will leverage Algebra’s V2 custom implementation, aims to provide highly efficient trading for the entire Arbitrum ecosystem. Algebra's v2 is a tick-based concentrated liquidity AMM built on top of Univ3.

The V2 launch will occur in three stages:

Stage 1 - Concentrated liquidity AMM will be released on Saturday 8th, April
Stage 2 - UI upgrades
Stage 3 - Concentrated liquidity high-efficiency farms

Stages 2 and 3 will be released in the next few weeks.

The new AMM will provide users with a more user-friendly experience, with features such as directional and dynamic volatility fees, limit orders, rebasing tokens, and custom tick spacing. The goal is to make concentrated liquidity more accessible and user-focused, which will allow the average user and passive LP to achieve the same efficiency gains as a sophisticated and active trader. By doing so, Camelot hopes to generate higher volumes and fees and provide protocols with a way to bootstrap their pools.

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