I couldn't find much info for camphor laurel on this great forum.
Where I live, NE-NSW, Australia, the environment is blanketed with them.
Everyone agrees their a pest, but they're tough to control and they're better at holding soil banks together than nothing (degraded pasture).
Most folks are scared to use any part of the plant because of it's allelopathic reputation.
Landowners routinely rake up the leaves and burn them to minimize bush-fire fuel.
However, many gardeners know that if you leave camphor woodchips outside for a few months, then it's fine for use as tree-mulch.
I've grown many flushes of oyster mushrooms on aged-logs and woodchips of camphor - though I had less luck with spawning stumps.
This a great way to improve the soil under the mushroom-beds, but camphor is a softwood and doesn't flush for more than a few years.
Whole, dried camphor leaves as mulch will seriously dry out a soil, I'm not sure by what mechanism.
I think they hold onto traces of camphor oil/aromatics with intense recalcitrance. (An old, dry, bleached leaf still smells of camphor when crushed)
However, if the leaves are quartered or mashed into a coarse powder, then kept moist - this will degrade very fast as mulch/surface-compost/worm food and can be applied to the veggie patch.
A less labour intensive method is to bag up the whole leaves (and some dry twigs) in a big grain bag with drainage holes, mix with 10% green leaves or
compost, drench with compost tea, half-seal the bag and leave in the shade for 3 weeks.
The leaves are softened, moistened and just covered with fungi - use as spawn under the garden mulch.
Finally a more labour intensive method is to ferment them thoroughly over a few days:
1 cup compost, 2 cups urine, 1/4 cup of spit into a bucket of camphor leaves and water.
Kick bucket twice a day for three days to 'stir', separate and dilute the liquid [which can be 'extremely' hot with nitrogen and aromatic compounds], use the leaves as compost under mulch on fruit trees.
I like to think of this method as using enzymes, urea and bacteria to both nitrogenize and microbially-colonize the carbon of the dead leaves (greening the brown).
I hope others have stories to tell about denaturing both mechanically and chemically recalcitrant components associated with under-utilized tree-species for leaf mulch and compost.
:)