Ocelex Positioned to Launch as a MetaDEX and Liquidity Layer on Zircuit
Zircuit, a zkEVM-based Layer 2 ecosystem designed for scalability and security, has launched Ocelex on its platform.
According to an official announcement today, Ocelex, the first franchise expansion of Lynex, the leading liquidity protocol on Linea, has become the newest MetaDEX and liquidity layer on Zircuit following the launch.
Ocelex is on a mission to create a transparent and inclusive DeFi environment. It focuses on capital-efficient innovation, community-driven participation, and 100% revenue sharing among token holders.
While Zircuit has earned notable recognition in the crypto ecosystem, the launch will see Ocelex building on Zircuit to establish itself as a primary decentralized exchange, prioritizing liquidity, accessibility, and growth within the DeFi sector.
Zircuit gained a notable foothold in the crypto ecosystem. Its AI-driven sequencer security provides a strong foundation for decentralized applications. The network has also garnered attention with the recent token generation event (TGE) of its $ZRC token.
While Ocelex currently boasts of a TVL of $4.6M and a total trading volume of $13.3M, the project already achieved a significant TVL and key partnerships before its launch on Zircuit.
Ocelex has partnered with EtherFi, Kelp, and Renzo for LRTs (liquidity restaking tokens), Lido and StakeStone for LSTs (liquid staking tokens), including StakeStone and Elara to ensure seamless, integrated liquidity flows for users.
The announcement further revealed that the Ocelex public sale will commence on December 9th and will run for 60 hours in a Dutch auction format. While the auction will start at $0.0 and decrease to $0.06, it promises to ensure fair market pricing.
While the auction public sale aims to allow the market decide its valuation and launch price, starting at $0.30 and decreasing linearly to $0.06, the tokens supplied for the public sale is 2,000,000 $OCX (2% of initial supply).
Notably, the Token Generation Event (TGE) will commence, marking the start of liquidity mining and distributing tokens to pre-miners and airdrop recipients. Impressively, the community airdrop recipients, who will receive 50% of the initial supply as governance tokens,will also be able to benefit from higher sale prices.
The team expects Ocelex to secure a significant TVL on Zircuit after measuring its potential based on the remarkable success of Aerodrome, Lynex, and Thena.
Read more: https://zycrypto.com/ocelex-positioned-to-launch-as-a-metadex-and-liquidity-layer-on-zircuit/
Text source: ZyCrypto
