Magpie

Decentralized finance is a continuously evolving landscape, driven by revolutionary protocols that persistently aim to break new ground, surpassing previous benchmarks, while striving to improve the overall user experience. <a href="https://arbitrum.io/" rel="noopener noreferrer nofollow">Arbitrum</a> has emerged as an epicenter of this technological metamorphosis, as a host of new possibilities and services to a worldwide audience. In line with this expansive vision and a commitment to further advance this ever-evolving arena, we are thrilled to announce our integration with <a href="https://camelot.exchange/" rel="noopener noreferrer nofollow">Camelot Exchange</a>, the leading native DEX on Arbitrum. This pivotal partnership has resulted in the establishment of <a href="https://twitter.com/Campiexyz_io" rel="noopener noreferrer nofollow">Campie</a>, a fresh <a href="https://blog.magpiexyz.io/magpie-the-subdao-model-d9ead54a2147" rel="noopener noreferrer nofollow">SubDAO</a> introduced by Magpie XYZ, with the ambitious goal of optimizing the future landscape of DeFi within the network.What is Camelot?<img src="https://miro.medium.com/v2/resize:fit:1400/0*PqlhHBXmP2Hp5_WY" />Camelot is the leading native DEX on Arbitrum, with a strong focus on ecosystem and community engagement. It has been designed as a highly efficient, customizable protocol that allows both builders and users to take advantage of their custom infrastructure for deep, sustainable, and adaptable liquidity. Camelot prioritizes a tailored approach that emphasizes composability. It is grounded in a dual Automated Market Maker system capable of supporting both volatile and stable swaps.What is GRAIL?<img src="https://miro.medium.com/v2/resize:fit:1400/1*JQSvRlwrBsgeEt_jSVYaBQ.png" />GRAILGRAIL serves as the native token of Camelot. Users have the opportunity to acquire GRAIL through incentivized staking positions.xGRAIL<img src="https://miro.medium.com/v2/resize:fit:1400/1*329rzjEoWBUpiKhCtJmo2A.png" />xGRAILxGRAIL is a non-transferable escrowed governance token that corresponds to staked GRAIL. It can be earned through yield-generating staking positions (spNFTs) or by converting GRAIL directly. The primary purpose of xGRAIL is its allocation to Plugins. This process involves staking xGRAIL into the token contract and assigning the deposited amount to a plugin in exchange for various benefits.Plugins:<ul><li>Dividends: Earn revenue share from the Camelot platform.</li><li>Launchpad: Get access to the launch of new tokens within Camelot.</li><li>Yield Booster: This offers enhanced rewards for liquidity providers.</li></ul>Campie: A SubDAO for the Arbitrum Royalty<img src="https://miro.medium.com/v2/resize:fit:1400/0*N5DFq49s5waGsO0-" />As part of <a href="https://www.magpiexyz.io/" rel="noopener noreferrer nofollow">Magpie XYZ</a>’s commitment to enhancing the yield in the DeFi ecosystem, Campie has been launched. This initiative is specifically intended to support the long-term development of Camelot. The key part of the strategy includes the accumulation of GRAIL tokens and locking them as xGRAIL within the platform. This strategy enables Campie to provide Arbitrum users with simple and flexible opportunities to take advantage of the benefits offered by Camelot.Campie enables GRAIL holders to earn enhanced xGRAIL rewards as passive income, provides cost-effective voting power to Camelot Exchange voters, and allows liquidity providers to benefit from increased APR% without the requirement of locking GRAIL tokens as xGRAIL.Campie provides GRAIL holders the chance to earn significant rewards by converting their governance tokens (GRAIL) into mGRAIL. Users can stake their mGRAIL on Campie to receive increased revenue share from the platform in the form of GRAIL.When users convert their GRAIL into mGRAIL, Campie automatically locks the converted GRAIL as xGRAIL within Camelot Exchange. This mechanism allows GRAIL holders to receive more substantial rewards through mGRAIL, while also providing Campie with governance rights and increased APR% as a liquidity provider on Camelot.Thanks to Campie’s xGRAIL holdings, liquidity providers can simply deposit their assets on the platform and earn boosted passive income, bypassing the need to individually lock their GRAIL as xGRAIL.The voting power amassed by Campie via its xGRAIL holdings is distributed among vlCMP holders, enabling them to participate in Camelot Exchange’s governance in a cost-effective manner. CMP, being the governance token of Campie, can be locked as vlCMP to avail of its benefits. Holders of Vote-Locked CMP can get a share of the platform’s revenue and influence the governance of Camelot Exchange efficiently while maximizing their rewards at the same time. Users are required to wait for 15 days for their vlCMP to be fully unlocked and converted back to CMP.Campie benefits for the Camelot Ecosystem<ul><li>For GRAIL holders: GRAIL holders have the option to convert their tokens into mGRAIL, allowing them to receive a share of the revenue generated by Campie in the form of GRAIL.</li><li>For liquidity providers: Risk-averse liquidity providers can achieve higher yields without the need of locking GRAIL and holding xGRAIL on their own. The xGRAIL holdings of Campie allows the platform to provide depositors with boosted passive income.</li><li>For Governance voters: Campie offers an affordable approach to obtaining voting rights on Camelot Exchange thanks to the xGRAIL accumulated by the platform. Users can acquire CMP tokens and lock them on Campie as vlCMP to cost-effectively control the xGRAIL accumulated by Campie and influence the governance of Camelot Exchange while earning maximized revenue share with a shorter lock up period.</li></ul>The CMP Token<img src="https://miro.medium.com/v2/resize:fit:1400/1*UukbYqCvo-y3Zxuv_LRBZA.png" />CMPCMP is the governance token of Campie. Users can lock CMP to earn revenue and simultaneously participate in the governance of both Campie and Camelot.Benefits of vlCMP<img src="https://miro.medium.com/v2/resize:fit:1400/1*-Op1SVex-HD1MKg3EXyBWg.png" />vlCMPVote-Locked CMP, also known as vlCMP, is the locked version of the CMP token. Users receive vlCMP at a 1:1 ratio when they lock CMP on Campie.<ul><li>Platform Governance: vlCMP provides users the opportunity to actively participate in Campie’s governance. This empowers them to contribute to the evolution of the platform and its decision-making.</li><li>Influence in Camelot Exchange: By holding vlCMP, users can participate in Camelot’s governance. As vlCMP holders are entitled to control the xGRAIL accumulated by Campie, they acquire voting rights in the governance of Camelot Exchange.</li><li>Revenue Sharing: By holding vlCMP, acquired through locking CMP, users can generate passive income via revenue sharing. A share of the platform’s earnings is allocated to vlCMP holders, fostering sustained investment and engagement.</li><li>Potential Incentives: Moving forward, vlCMP holders can potentially earn incentives from Camelot Exchange’s partners who are seeking governance votes to increase their rewards.</li></ul>SecuritySecurity and long-term sustainability are paramount to Campie. In pursuit of these goals, we have strategically arranged thorough audits by highly respected firms. Additionally, we will implement a multi-sig setup for all our smart contracts. The effectiveness and dedication of our team are further exemplified by Magpie’s established history of prosperous integrations with illustrious platforms such as Wombat Exchange, Pendle Finance, and Radiant Capital, culminating in a substantial Total Value Locked exceeding 50 million. Motivated by our resolute dedication to security and integrity, our aim is to offer the Camelot Exchange community with a solid and lucrative DeFi experience.GRAIL RUSHExciting opportunities await for GRAIL token holders! The eagerly awaited GRAIL RUSH is rapidly drawing near. This bespoke program, crafted with meticulous precision, stands to reward those who transform their GRAIL tokens into mGRAIL on Campie, allotting 3% of CMP’s total supply exclusively for GRAIL converters. Remain alert for further updates on the GRAIL RUSH debut, and prepare to bask in substantial rewards for your GRAIL conversions.Through the strategic alliance of Magpie with Camelot Exchange and the introduction of Campie, we are fortifying the resilience of the Camelot ecosystem and providing distinctive, flexible opportunities for its users. Our actions substantiate our pledge to uphold the foundational mechanics of Camelot for enduring sustainability. As we expand our reach within the fast-paced DeFi landscape, our priority continues to be the amplification of capital efficiency and user experience. The manifestation of our commitment is the pioneering development of a yield-boosting and governance layer, envisioned to deliver considerable benefits to our users. We are inspired by the potential of this initiative and await with anticipation its transformative impact on the Arbitrum ecosystem.About Campie: Campie is a groundbreaking SubDAO, created by Magpie XYZ, that is dedicated to supporting the long-term development of Camelot Exchange. Built under the principles of Camelot’s design, it amplifies the platform’s central functionalities. The primary focus of Campie is to lock GRAIL tokens as xGRAIL, which provides access to numerous benefits within the Camelot Ecosystem. Thanks to this approach, the platform is able to offer enhanced passive income for liquidity providers, cost-effective governance power for Camelot voters, and the opportunity for GRAIL holders to earn passive income without any mandatory lock-up period.<a href="https://twitter.com/Campiexyz_io" rel="noopener noreferrer nofollow">Twitter</a> / <a href="https://blog.campiexyz.io/" rel="noopener noreferrer nofollow">Medium</a> / <a href="https://t.me/CampieXYZ_Official" rel="noopener noreferrer nofollow">Telegram</a> / <a href="https://link3.to/magpiexyz" rel="noopener noreferrer nofollow">Link3</a>About Magpie XYZ: Magpie XYZ is a multi-chain platform built to boost yields for liquidity providers and governance token holders of veTokenomics protocols. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and in return share part of the protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.<a href="https://www.magpiexyz.io/" rel="noopener noreferrer nofollow">Website</a> / <a href="https://twitter.com/magpiexyz_io" rel="noopener noreferrer nofollow">Twitter</a> / <a href="https://discord.com/invite/magpiexyz" rel="noopener noreferrer nofollow">Discord</a> / <a href="https://t.me/magpiexyz_io" rel="noopener noreferrer nofollow">Telegram</a> / <a href="https://docs.magpiexyz.io/" rel="noopener noreferrer nofollow">Gitbook</a> / <a href="https://link3.to/magpiexyz" rel="noopener noreferrer nofollow">Link3</a> / <a href="https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Magpie-v1.0.pdf" rel="noopener noreferrer nofollow">Peckshield Audit</a> / <a href="https://github.com/zokyo-security/audit-reports/blob/main/Magpie_Zokyo%20audit%20report.pdf" rel="noopener noreferrer nofollow">Zokyo Audit</a>

Camelot Meets Magpie: Fortifying the Arbitrum Kingdom (Campie)

Magpie XYZ

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