What is Camelot (Grail and Xgrail): GRAIL Price Prediction 2024, 2025 to 2030

Camelot is gaining attention on Arbitrum ecosystem, and its native token GRAIL is topping the charts every day. In this post we are going to talk about what is Camelot and what makes it different from other decentralised exchanges, why is it the talk of the town. We will also explore the tokenomics of Camelot, examine current market trends, and provide a price prediction for GRAIL from 2024 to 2030.

What is Camelot?

Camelot is a decentralized exchange (DEX) and a launchpad developed on Arbitrum, which is community-driven and focused on ecosystem enhancement. Camelot is used by projects to raise funds through a fair auction.

Its protocol is highly customizable, emphasizing composability and flexibility for liquidity provision. The team’s objective is to strengthen the Arbitrum ecosystem by offering innovative features that promote control and sustainability over liquidity.

Camelot’s dual automated market maker (AMM) is a notable aspect of the platform, as it supports both volatile (UniV2) and stable (Curve-like) swaps. The protocol’s innovative AMM also allows for dynamic directional fees, permitting different fees to be set for each pool and direction of swap. These unique features enable the creation of more tailored pool configurations to suit specific trading pairs.

About GRAIL

How is Camelot Different from other Decentralised Exchanges?

Camelot’s next-generation yield and incentives system is another noteworthy feature, as it incorporates non-fungible staked positions in addition to the standard LP tokens. These positions generate yield, enhance capital efficiency, and provide adaptable staking strategies that can be reused both inside and outside the protocol.

Camelot places a strong emphasis on permissionless interactions, enabling projects to directly engage with the protocol without intervention from the team. Nitro Pools afford projects complete control over their incentives and the flexibility to create tailored liquidity solutions. The custom launchpads are also fully permissionless, empowering all projects to bootstrap their token launches and liquidity in a decentralized, community-driven manner.

Camelot’s long-term sustainability is reflected in its tokenomics, which feature a dual token system. The native GRAIL and its escrowed counterpart xGRAIL, a non-transferable governance token, serve as farming rewards. xGRAIL receives the majority of emissions, giving control over supply flow.

The earnings of the protocol are utilized to provide actual yield to xGRAIL holders and also to perform buybacks and burns, which help in keeping a buy pressure on the platform’s native token, GRAIL.

What is GRAIL and xGRAIL token?

Grail Token (GRAIL) is the native cryptocurrency of Camelot, an Arbitrum-based platform. Users can obtain GRAIL as yield rewards by participating in incentivized staking positions. Xgrail Token (xGRAIL) is a governance token (non-transferable) that corresponds to staked GRAIL and can be earned through spNFTs (yield-generating staking positions) or directly converting to GRAIL. The primary use case for xGRAIL is to allocate it to Plugins, which provide various benefits. Both GRAIL and xGRAIL are interchangeable with each other.

Benefits of xGrail

To benefit from its perks, users can allocate their xGRAIL to plugins, but while it’s allocated, it can’t be used for anything else. Users can also redeem xGRAIL for GRAIL, but the process involves vesting, which users can select the duration of. xGRAIL can be used for governance, with more xGRAIL equating to more voting power.

Camelot has implemented deflationary measures to reduce GRAIL’s total supply, such as buyback & burn, xGRAIL redeems, and xGRAIL deallocations, in addition to the hardcap on GRAIL.

Should you hold Grail and XGrail?

By holding GRAIL and xGRAIL tokens, users can earn yield rewards, allocate xGRAIL to Plugins for benefits, and participate in governance via voting power. Nevertheless, users must also consider the vesting period and deflationary measures established in the tokenomics.

Camelot’s native token on the Arbitrum chain is called Grail, and its maximum supply is 100,000 tokens. Yield rewards can be earned on incentivized staking positions with Grail. xGrail, a non-transferable governance token, is earned from yield-generating staking positions (spNFTs) or direct Grail conversion, corresponding to staked Grail. The primary use of xGrail is to allocate it to Plugins, which requires staking xGrail in the token contract and assigning the deposited amount to a plugin for various benefits.

Grail and xGrail tokens employ various deflationary measures to decrease the overall supply. For instance, some Grail tokens are reserved for buyback and burn, continuously raising the buying pressure. When xGrail is redeemed with a vesting period shorter than the maximum, excess Grail is burned. Also, when users deallocate xGrail from a plugin, a deallocation tax is imposed, and the corresponding Grail amount is destroyed.

Users who hold xGrail tokens have governance capabilities, allowing them to vote on official proposals, with the number of xGrail tokens held representing their voting power. Additionally, users can allocate their xGrail tokens to any plugin to access its benefits, but once allocated and deposited, xGrail cannot be used for other purposes. When users redeem xGrail, 50% of its value is automatically allocated to the dividends plugin, and the remaining 50% can be allocated to any plugin at the user’s discretion.

In general, the tokenomics of Grail and xGrail aim to encourage staking and involvement in the Camelot ecosystem, as well as to provide advantages to token holders and gradually decrease the token supply.

GRAIL Price Prediction 2024 to 2030

GRAIL Price Prediction 2024