Arbitrum-based cryptocurrency exchange Carmelot will release its v2 upgrade.
Arbitrum has been gaining attention since its launch. One of the recent developments has been the arrival of an Arbitrum-based exchange upgrade.
Carmelot Releases v2 Version
Camelot, as an Arbitrum-based decentralized exchange (DEX), is preparing to launch a v2 upgrade aimed at making its crypto trading platform more efficient and user-centric. This upgrade will include a new automatic market maker (AMM) to make trading more efficient. This AMM will be based on the Algebra codebase and will be liquidity focused. Also, this upgrade will bring many important improvements to Camelot’s infrastructure. These will include features such as adjusting pool fees and rebase tokens.
The first phase of the upgrade will be the launch of the beta-stage automated market maker. In the second phase, the UI will be overhauled, and in the final phase, farms will be released for concentrated liquidity. Camelot’s native token, GRAIL, is up 3.7 percent in the last 24 hours but is down 23.4 percent from last week. Camelot is the sixth largest protocol in Arbitrum, with a total value of over $107.2 million.
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