Camelot Token (GRAIL)
Unlock Schedule
Camelot Token (GRAIL) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and distribution
GRAIL has a stated maximum supply of 100,000 tokens. The original allocation set aside 15% for the public sale, 10% for protocol-owned liquidity, and 5% for Genesis Pool rewards. Later allocations included 22.5% for liquidity mining, 20% for core contributors, 10% for partnerships, and smaller portions for reserves, the ecosystem, development, and advisers. Several allocations followed vesting schedules, meaning tokens were released over time rather than all at once. (docs.camelot.exchange)
GRAIL is the transferable token. It can be converted to xGRAIL at a one-to-one rate. xGRAIL is generally non-transferable and can be assigned to protocol plugins. Converting it back takes time: Camelot’s redemption design offers half the GRAIL amount after a 15-day period or the full amount after a six-month period. For shorter redemption periods, the portion not returned as GRAIL is burned. (docs.camelot.exchange)
What holders can do
An xGRAIL holder can assign tokens to Camelot’s Real Yield Staking plugin. It distributes an allocated share of protocol earnings among participants according to their share of the xGRAIL assigned to that plugin. Camelot also describes a Yield Booster plugin that can increase incentives tied to eligible liquidity positions. Moving xGRAIL out of a plugin normally involves a small deallocation fee under the documented rules. (docs.camelot.exchange)
Camelot directs another portion of certain protocol fees toward buying and burning GRAIL. A burn removes tokens from supply. The amount distributed or burned therefore relates to activity under the protocol’s fee rules, rather than being a fixed payment attached to each token. (docs.camelot.exchange)
Assumptions
GRAIL began with a 72,500-token mint, and Camelot documents budgets for the public sale, liquidity, farming, contributors, partners and other uses within its originally stated 100,000-token maximum. Contributor, advisor and development vesting have published durations, but reward payments, treasury spending, future minting and user-selected xGRAIL redemption do not have complete dated schedules. The chart can show the initial mint, allocation releases on their separate accounting bases, and estimated growth between total-supply measurements; these measures must not be added together. The early supply-growth estimate closes the gap to the first supplied 2023 measurement, while the dates and amounts of individual early mints remain unknown.
- Post-launch GRAIL emissions: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Post-launch GRAIL emissions: Emission continues with no published future rate or end date.
- Protocol-owned liquidity: Releases depend on future governance or treasury decisions.
- Liquidity mining: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Reserves: Releases depend on future governance or treasury decisions.
- Ecosystem: Releases depend on future governance or treasury decisions.
- User-selected xGRAIL redemption: Releases depend on recipients claiming tokens or on grants being awarded.
- 1. https://docs.camelot.exchange/tokenomics/token-distribution/
- 2. https://docs.camelot.exchange/launch-and-genesis/
- 3. https://arbiscan.io/token/0x3d9907F9a368ad0a51Be60f7Da3b97cf940982D8
- 4. https://www.arbiscan.io/token/0x3d9907f9a368ad0a51be60f7da3b97cf940982d8?a=0x4c30ae8533aeab84f460eae3d6a750f01e38e310
- 5. https://arbiscan.io/token/0x3d9907f9a368ad0a51be60f7da3b97cf940982d8?a=0x254a033f86ed86f78a82b10c71e6df0eafe31aa3
- 6. https://docs.camelot.exchange/tokenomics/deflationary-mechanisms/
- 7. https://docs.camelot.exchange/tokenomics/xgrail-token/conversion-redeeming/
- 8. https://docs.camelot.exchange/references/multisigs/
- 9. https://docs.camelot.exchange/get-started/faqs/grail-and-xgrail-plugins/
- 10. https://www.coingecko.com/
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 10,500 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Estimated from the last observation onward: about 13 per day (406 per month), the rate between the observations of 25 September 2026 and 1 October 2026.