Camelot DAO put out a proposal on June 30th, “Accelerating Arbitrum - leveraging Camelot as an ecosystem hub to support native builders”. It proposes to grant 1.5M ARB per month (~9M in total) to the Camelot DAO for the next 6 months to fund liquidity incentives for Arbitrum-focused projects on Camelot. The proposal aims to support the protocols building on Arbitrum, and more importantly, foster the adoption of ARB as the base asset within liquidity pools and partner integrations.
Why Is the Proposal Necessary?
Deep liquidity is often missing in early-stage DeFi...