Camelot Launched stATOM/stETH Pool on Arbitrum incentivized with $STRD and $GRAIL

Camelot DEX has launched a new stATOM/stETH pool incentivized with $STRD and $GRAIL tokens. The pool marks the first use-case of stATOM outside the Cosmos ecosystem.

This expansion is expected to attract non-Cosmos DeFi users and facilitate stATOM trading on DEXes outside the Cosmos. Despite previous attempts to establish use-cases for $ATOM outside the Cosmos, these efforts were not highly successful.

The development is seen as a positive step towards the growth of Cosmos-native DeFi. In the future, stATOM may appear on other non-Cosmos DEXes and potentially serve as collateral for non-Cosmos applications.