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Camelot initiates a new proposal, proposing to grant 12 million ARB to Camelot DAO within the next 6 months.

2023-06-30 02:40
Odaily News: Arbitrum ecosystem DEX Camelot has proposed a grant to the Camelot DAO on the Arbitrum forum. The proposal suggests granting 2 million ARB tokens to Camelot DAO each month for the next 6 months (totaling 12 million ARB tokens). These funds will be used to incentivize liquidity for projects on Camelot that are built on the Arbitrum network, including the introduction of new cross-chain protocols to its ecosystem.

Camelot believes that this proposal will provide deeper spot liquidity for Arbitrum native builders and support the launch of integrated partners and new protocols, thereby achieving significant growth by prioritizing the core values of Arbitrum.

Camelot will release a full AIP vote for this proposal early next week.