KEY TAKEAWAYS
- Ociswap, a decentralized exchange on the Radix Network, has achieved over $5 million in TVL and $94.5 million in trading volume since its launch.
- The platform offers innovative features like customizable liquidity pools and a SPLASH Mechanism for enhanced rewards.
- Supported by the Radix Grants Program, Ociswap is advancing with new features like sXRD and SPLASH 2.0 to enhance DeFi capabilities.
- Ociswap’s development showcases the potential of the Radix Ecosystem for growth and innovation in decentralized finance.
Ociswap, a decentralized exchange (DEX) built on the Radix Network, has emerged as a prominent project within the Radix Ecosystem. Since its launch on the Babylon Mainnet in September 2023, Ociswap has achieved over $5 million in total value locked (TVL) and a cumulative trading volume exceeding $94.5 million.
Initially established during the Radix Olympia Network era, Ociswap serves as a central hub for deploying capital across more than 100 projects within the ecosystem. The platform offers a variety of features, including a Token Wizard for creating custom tokens, Liquidity Pools for diverse strategies, and a SPLASH Mechanism that enhances liquidity rewards. Users can earn $OCI, the platform’s native token, and other project tokens through the Community SPLASH campaign.
Innovative Pool Options and Features
Ociswap provides users with a range of pool options, such as Pool V2, which includes both 50/50 balanced pools and imbalanced pools like 70/30, where fees auto-compound. Additionally, the Precision Pool V2 allows for concentrated liquidity without auto-compounding, enabling independent fee claiming. All pools are equipped with built-in price oracles, flash loans, and hook support.
The development of Ociswap has been significantly supported by the Radix Grants Program. The team has secured multiple milestone boosters, an MVP booster, and is currently advancing on the Refine Booster Track, which offers up to $50,000 XRD in funding. These grants have facilitated the launch of Ociswap’s core DEX functionality and the development of advanced features like sXRD, Ociswap Pool V2, and SPLASH 2.0.
Advanced Features and Future Developments
Ociswap Pool V2 allows liquidity providers to add liquidity in customizable ratios, inspired by Balancer pools on Ethereum. This flexibility benefits both established and emerging tokens, making liquidity provision more efficient.
The upcoming sXRD (Staked XRD) will provide a powerful DeFi asset backed by Liquid Staking Units (LSUs). This trustless mechanism ensures automatic rebalancing between validators, offering passive staking rewards and a new collateral option for DeFi applications.
SPLASH 2.0 aims to overhaul the liquidity incentive system, aligning the interests of farmers and liquidity providers within the OCI token’s veTokenomics framework. This update is designed to ensure long-term stability and growth for the Ociswap ecosystem.
Ociswap’s success highlights the synergy between a dedicated team, the Radix Grants Program, and the innovative Radix Tech Stack. Together, they have built a leading DEX that sets a standard for DeFi on Radix, showcasing the ecosystem’s potential for growth and innovation. More details about the Radix Grants Program and Ociswap’s journey can be found here.
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