Here's the deal: Camelot DEX is your go to spot on Arbitrum for quick swaps, farming yields, and tossing in liquidity without the usual headaches. It's fast, cheap-gas fees hover around 0.000005 ETH or whatever Arbitrum's running that day-and honestly, once you get the hang of it, you'll wonder why you messed with clunky CEXs. Okay, first things first. You need a wallet. I always use MetaMask 'cause it's dead simple. Head to metamask.io, grab the extension for Chrome or whatever browser you're on. Hit "Get started," create a new wallet, set a strong password. Boom-now jot down that seed phrase on paper, hide it good. No screenshots, dude. Why? Someone hacks your pics, you're toast.
Switch to Arbitrum network. In MetaMask, click the network dropdown, add Arbitrum One. RPC is https://arb1.arbitrum.io/rpc, chain ID 42161, symbol ETH, explorer arbiscan.io. Fund it with some ETH from a bridge like Arbitrum's official one-expect like $5-10 worth to start swapping without sweating gas.
Swaps are the easiest entry. Hit up app.camelot.exchange. Top right, "Connect Wallet." Pick MetaMask, approve. You're in on Arbitrum-double check the network icon says Arbitrum, not mainnet or you'll burn cash bridging wrong.
Now, pick your swap mode. Aggregator (V3) is my default-pulls best rates from Paraswap and Camelot's own pools. V3 only if you want pure concentrated liquidity action, V2 for old school constant product pools. The thing is, Aggregator usually saves you 0.1-0.3% on slippage.
What's next? I swapped 0.1 ETH for USDC last week, got 240 bucks worth at 0.2% impact. Smooth. But if tx fails? Usually slippage or low liquidity-bump tolerance or wait for volume.
Slippage's that gap between expected and real price. High volume pair like ETH/USDC? Negligible. New token? Can hit 5-10%. Solution: Use Aggregator mode, or split trades. Sound familiar from Uniswap fails?
Liquidity's how you earn. Provide tokens to pools, snag trading fees (your share of that 0.3%) plus GRAIL rewards if incentivized. But watch impermanent loss-prices drift, you end up with more of the loser token. I usually stick to stables like USDC/USDT for chill 5-15% APY.
From main page, Trade tab > Liquidity. Pick V2 for simple (full range, like Uniswap V2) or V3 for concentrated (pick price ranges, earn more but riskier). V3's the meta now-up to 10x efficiency if you nail ranges.
V2 first, 'cause beginners love it. No brain required.
V3? More fun. Manual mode lets you set ranges, like 2000-2500 USDC per ETH. Current price 2250? You're fully active, raking fees. ETH moons to 2600? Inactive till it dips back. Auto mode handles ranges for you-lazy win.
Example: I threw 1 ETH + 2250 USDC into ETH/USDC at 2200-2400 range. Price wiggled inside, earned 0.5% daily fees. Dipped out? More USDC, less ETH-classic IL, but fees covered it.
Okay, swaps and LP are step one. Farming's where yields explode. Camelot's got veGRAIL staking, xGRAIL locking, Nitro pools-pick your poison. Start with GRAIL farms.
First, snag GRAIL. Swap for it, or check Launchpad for airdrops. Convert to xGRAIL (emissions token) or esGRAIL (locked). I usually lock 30 days for max multiplier-boosts farm APYs 2-5x.
| Farm Type | Rewards | Lock Needed? | APY Ballpark |
|---|---|---|---|
| LP Farms (V2/V3) | GRAIL + fees | No, but xGRAIL boosts | 10-50% |
| Nitro Pools | Partner tokens + GRAIL | esGRAIL min | 100-500% |
| veGRAIL Single Stake | Bribes + fees | Lock GRAIL 1-4 yrs | 20-100% |
To farm: Earn tab > Farms. Pick one, say ETH/USDC V3. New position? Approve LP tokens, stake amount, set lock (30 days boosts). Claim rewards daily-costs pennies gas. Unstake? Minus button, withdraw.
In my experience, Nitro's wild-USDC pools hit 200% APY last month, but tokens dump post farm. Risk/reward, right? Potential issue: Dust rewards under 0.01 GRAIL? Gas eats it-claim weekly.
Stake GRAIL > Lock tab. Convert to xGRAIL (18% fee? Nah, one time). Lock es/xGRAIL for multiplier. 30 days? Easy 1.5x boost. Max 4 years veGRAIL? Vote on bribes, insane yields. But illiquid-plan ahead.
Fails happen. Wallet not connecting? Clear cache, switch RPC to Alchemy's Arbitrum endpoint. Tx pending forever? Bump gas or speed up on Arbiscan. "Insufficient funds"? Grab more ETH. LP imbalance? Interface fixes it, but single sided V3 needs range tweaks.
Impermanent loss bugging you? Sim it on pools page-enter amounts, see projected IL. Stables only if you're sleeping on it. High price impact on swap? Aggregator mode or limit orders via their advanced tab.
Tax tokens screwing swaps? Approve extra for fees, set slippage 5%. I lost 10% once forgetting-lesson learned.
Once comfy, hit Launchpad. Stake xGRAIL to join token sales-buy early at 0.1 floor price, flip or farm. Factors like FCT? Swap ETH to USDC, approve, buy button. Rewards post TGE.
spNFTs? V3 positions mint 'em-single positions per range, tradeable. Stake in farms for extra GRAIL. I minted one on GRAIL/USDC, traded for 2x profit.
Analytics page: Check TVL, volume, IL protector pools. Pick farms with >$1M TVL, 24h vol >$100k. Why? Less risk, steady fees.
Honestly, Camelot's Arbitrum native-sub second txs, 10x cheaper than ETH. Bridge assets via official portal, start small like $100. Scale as you go. You'll be farming 20% APY passive in no time. Questions? Hit their Discord. Go crush it.
One last thing-always DYOR on pairs. Meme coins? Fun, but rug risks. Stables? Boring wins. Mix it up.