DeFi protocols Camelot and Cypher have merged to form Frontier, focusing on Uniswap v4 infrastructure.
49 minutes ago
DeFi protocols Camelot and Cypher have announced their integration into a new brand called Frontier, focused on building programmable market infrastructure based on Uniswap v4. The two projects previously processed over $100 billion in combined spot trading volume on Arbitrum and Ethereum, and supported the launches of more than 45 projects. The team stated that after years of practice, they have decided to abandon their independent Automated Market Maker (AMM) path, fully shift to Uniswap v4’s Hooks mechanism, and build a more comprehensive market and ecosystem support layer. Fifteen percent of the total supply of Frontier’s native token FRONT will be distributed to Camelot and Cypher holders. Holders of GRAIL, xGRAIL, CYPH, and xCYPH have a 30-day migration window, and users may also choose to redeem their tokens in USDC at a price based on the 7-day Time-Weighted Average Price (TWAP) prior to the announcement. Frontier has launched on Robinhood Chain, and will subsequently expand to Ethereum Mainnet, Arbitrum, and other networks. Camelot and Cypher will gradually cease independent operations and be fully integrated into the Frontier ecosystem.
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