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Camelot V3 Review 2026: Arbitrum's Concentrated Liquidity DEX

Camelot V3 is the concentrated liquidity AMM from Camelot, a DEX built around the Arbitrum ecosystem. It has a long track record since 2023 but modest TVL and no audits listed on DefiLlama.

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

6.5/10

Good

Visit Camelot V3

Our verdict on Camelot V3

6.5/10

Camelot V3 suits DeFi users who trade or provide liquidity on Arbitrum and want a native, ecosystem-focused DEX with concentrated liquidity. Its strengths are its history since 2023 and its wide chain footprint. The main caveat is modest TVL of about $3.95M and no audits listed on DefiLlama, so check the documentation for security details and keep position sizes sensible.

Score breakdown

How Camelot V3 scores

Security: 5.5/10
Ease of use: 7.0/10
Fees: n/a
Features: 6.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Camelot V3?

Camelot V3 is the concentrated liquidity AMM from Camelot, a DEX built to support the Arbitrum ecosystem. DefiLlama has tracked it since April 2023 and files it under DEXs. Its token is GRAIL.

The homepage presents Camelot as the Orbital Liquidity Network, a liquidity hub for Arbitrum and a network of aligned Orbit chains. Camelot V3 is deployed on Arbitrum and a long list of other chains, including ApeChain, Plume, Xai, Gravity and Corn.

DefiLlama shows about $3.95M in TVL, down 0.8% over seven days. Search snippets from other trackers show varying volume figures, so treat any single number with caution.

How Camelot V3 works

Camelot V3 is an automated market maker. Instead of an order book, traders swap against pools of tokens supplied by liquidity providers, and prices move based on pool balances.

In a concentrated liquidity design, providers choose a price range for their capital. Liquidity inside the active range earns swap fees and offers deeper pricing, while liquidity outside it sits idle. This improves capital efficiency but requires providers to adjust positions as prices move.

Per Camelot's documentation, swaps can use a native mode that routes only through Camelot's V3 and V2 pools, or an aggregator mode that also uses ParaSwap and OpenOcean APIs.

6 features

Key features

Concentrated liquidity pools

V3 pools let liquidity providers place capital in chosen price ranges, which can make capital more efficient than full-range pools.

Orbital Liquidity Network

The wider Camelot project positions itself as a liquidity hub for Arbitrum and a network of Orbit chains.

Multi-chain deployments

V3 is deployed on Arbitrum and a long list of other chains, including ApeChain, Xai, Gravity and Corn.

Native and aggregator swap modes

Documentation describes an aggregator mode using ParaSwap and OpenOcean APIs that combines V3 and V2 liquidity, and a native mode using only Camelot pools.

GRAIL token

GRAIL is Camelot's own token and is listed on DefiLlama for the V3 product.

Community focus

The homepage describes the project as community driven and capital efficient.

Pros and cons

What we like

Established since 2023 with a focus on the Arbitrum ecosystem
Concentrated liquidity improves capital efficiency for liquidity providers
Deployed on many chains, including Arbitrum, ApeChain, Xai and Gravity
Documentation describes both native and aggregator swap routing
Has its own token, GRAIL, and an active community presence

Watch out for

TVL is modest, about $3.95M, so liquidity is thin compared with the largest DEXs
DefiLlama lists no audits for this listing, and none are named publicly
Pool depth and volume figures differ between data aggregators, so they are hard to compare
Concentrated liquidity positions need active management and can lose value to impermanent loss
Fee tiers and the GRAIL token's role in rewards are not detailed publicly reviewed
Spread across many smaller chains, some of which have little activity

Camelot V3 fees

Fee levels are not published publicly reviewed. Concentrated liquidity DEXs usually charge a swap fee that varies by pool and goes mostly to liquidity providers, but the specific Camelot V3 tiers are not stated here.

Users pay network gas on whichever chain they trade on. Current fees and price impact are shown in the app before a swap is confirmed, and the Camelot documentation is the place to check pool fee details.

Is Camelot V3 safe?

DefiLlama lists no audits for Camelot V3, and none are named publicly reviewed. Readers should look for audit reports in the official documentation before committing large amounts. As with all DEXs, smart-contract bugs are a risk, and users keep custody of their funds in their own wallets.

No incidents are mentioned publicly reviewed. Regulatory status is not covered. Always use the official site, check token contracts, and beware of fake tokens on any chain.

6 steps

How to get started with Camelot V3

1
Install a self-custody wallet that supports Arbitrum or the chain you want to use.
2
Fund the wallet with the native gas token of that chain plus the assets you want to trade.
3
Open the official Camelot site, confirm the address, and launch the app.
4
Connect the wallet and select the network.
5
Pick a swap mode and review the price impact, fees and route before confirming.
6
If providing liquidity, read the documentation on price ranges and impermanent loss first, and start small.

Open Camelot V3

Who Camelot V3 is for

Camelot V3 is for DeFi users already on Arbitrum or its related chains who want to swap tokens or provide concentrated liquidity. Liquidity providers should be comfortable managing price ranges and accepting impermanent loss. Newcomers should start with small swaps.

Camelot V3 FAQs

What is Camelot V3?

Camelot V3 is the concentrated liquidity version of the Camelot DEX, which was built to support the Arbitrum ecosystem. DefiLlama describes it as a concentrated liquidity AMM on Arbitrum. It has been tracked since April 2023.

Which chains does Camelot V3 run on?

DefiLlama lists Arbitrum, ApeChain, Plume, Reya Network, Xai, EDU Chain, Rari, Gravity, Corn, DuckChain, Superposition and WINR. Arbitrum is the original home. Availability on each chain can differ, so check the app.

What is the GRAIL token?

GRAIL is the token tied to the Camelot exchange. Per a search snippet, it acts as a liquidity-related token within the exchange. Public sources reviewed do not spell out exact reward or governance mechanics, so check the official documentation.

Is Camelot V3 audited?

DefiLlama shows zero audits for this listing, and none are named publicly reviewed. That is not proof of a problem, but readers should check the official documentation for audit reports before depositing significant funds.

Does Camelot route trades through aggregators?

Camelot's documentation describes a swap mode that uses ParaSwap and OpenOcean APIs, combining Camelot V3 and V2 liquidity. A native mode uses only Camelot's own V3 and V2 pools.

What are the main risks of using Camelot V3?

Liquidity providers face impermanent loss, smart-contract risk and the need to manage price ranges. Traders face slippage in thinner pools. Only use funds you can afford to lose.

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