In order to access deep pools based on Arbitrum, Multichain Decentralized Exchange (DEX) and aggregator KyberSwap announced cooperation with DEX Camelot, which is native to Arbitrum.
According to Kyber Network, the integration gives KyberSwap users better trading experiences and Arbitrum users access to a wider range of liquidity sources.
Recently, KyberNetwork also collaborated with other parties. Kyber Network and Easyfi Network collaborated to provide consumers with access to deep liquidity for margin trade.
In order to gain access to a greater variety of liquidity sources on Arbitrum and to get the best rates for their swaps, additional protocols including Integral, Open Cord, Algalon AI, CVL Network wallet, and Factor DAO incorporated KyberSwap’s aggregator API.
In addition to Kyber Network, Camelot DEX has recently added protocols like O3 Labs and Lodster Finance to improve user experience and increase liquidity.
The Camelot launchpad has recently drawn some interest as well. On March 9, the $WINR token sale for JustBet’s on-chain peer-to-peer gaming platform became live.
In the near future, Perpy Finance and Halls of Olympia will also debut on Camelot.
At $0.717, Kyber Network (KNC) is up 5% in the last day of trade. At the same time, Camelot(GRAIL) is up 5.58% in the last day, trading at $2804.04.
Kyber Network definition:
In order to facilitate trades at the most competitive prices, the Kyber Network, a multi-chain cryptocurrency trading and liquidity hub, connects liquidity from numerous sources.
Kyber Network can be included into bitcoin wallets, decentralized apps (dApps), and platforms for decentralized finance (DeFi).
The Arbitrum native cryptocurrency trading platform is called Camelot DEX. The most popular trading pairings among their more than 60 available ones are WETH/USDC, GRAIL/USDC, and USDT/USDC.