CamelotMicro-cap

Camelot receives a B risk grade (24/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — strong Arbitrum ecosystem position but closed-source code and no bug bounty create a blind spot for security The main decentralized exchange on Arbitrum, offering token swaps and liquidity pools with about $100M in deposits. Over 75 partner protocols use it for liquidity. Its B- grade reflects a closed-source codebase with no bug bounty program, meaning security researchers have no incentive to find bugs before hackers do.

The key risks identified for Camelot are: (1) The code is not public and there is no bug bounty program. If someone finds a vulnerability, they have every incentive to exploit it rather than report it (2) The trading engine relies on Algebra V2, a third-party library. A bug in Algebra would directly drain Camelot's pools, similar to how Curve lost $73M from a compiler bug (3) Only 18,386 GRAIL tokens circulate out of 73,506 total. This thin liquidity means a small buyer could manipulate the governance token price or capture the protocol cheaply

Camelot scores 24/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 6/20, Oracle Surface: 0/10, Documentation Gaps: 4/10, Track Record: 0/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 111 rated DEX protocols on Hindenrank, Camelot ranks #12 by safety (lowest risk score = safest). Its 24/100 risk score and B grade place it among the safer DEX protocols.

Camelot scores 0/15 on the Track Record risk dimension, indicating no significant exploits or security incidents in its history. However, past performance does not guarantee future security.