Introduction to Camelot
Camelot is an ecosystem-focused, community-driven DEX and Launchpad built on Arbitrum. It has been designed as a highly efficient and customizable protocol, allowing both builders and users to leverage custom infrastructure for deep, sustainable, and adaptable liquidity. Camelot prioritizes composability, moving beyond traditional DEX designs to offer a tailored approach.
For more detailed information, check out their documentation site (opens in a new tab).
Bridge on Axelar
Here’s how you can get started with bridging assets:
Access Satellite
First, navigate to Satellite Protocol (opens in a new tab).
Connect Your Wallet
Connect your wallet that holds your milkTIA tokens.
Select Chains and Asset
Select from Osmosis to Arbitrum for chain selection. Select milkTIA for the asset, enter the amount you wish to transfer.
Add milkTIA to EVM
Click on Add Asset button to add milkTIA asset details to your EVM wallet for the balance to show up after bridging.
Connect EVM Wallet
Manually enter your EVM address in ‘Destination Address’ or click Fill with MetaMask.
Transfer
Click Generate Deposit Address, wait for the page to load. Confirm the popup. Click Send From Keplr, and confirm the transaction.
Swap and LP on Camelot
After bridging your milkTIA to Arbitrum, you can LP into the Camelot pool or purchase milkTIA directly on Camelot:
Create Position
Navigate to the milkTIA: ETH pool page, select Create position. Select your preferred range, input amount.
Confirmation and Monitoring
Confirm the transaction. Once it’s processed, you can monitor your position directly on the pool page to see if it’s in range.
Tips for Using Camelot DEX
- Stay In Range: The smaller the range, the higher the yield, but there is also a greater risk of impermanent loss. Consider how much you expect prices to change and how much effort you’re willing to put into managing your position.
- Stay Informed: The DeFi space is rapidly evolving. Stay updated with Camelot’s updates and general DeFi trends.
Disclaimer: None of this is financial advice. Please do your own due diligence before participating in any of the mentioned protocols.