Zircuit Welcomes Ocelex, the Newest MetaDEX Driving DeFi Growth on Zircuit

December 6, 2024 – Zurich, Switzerland

Ocelex is positioned to launch as a MetaDEX and liquidity layer on Zircuit, a zkEVM-based layer-two ecosystem designed for scalability and security.

With its focus on capital-efficient innovation, community-driven participation and 100% revenue sharing among token holders, Ocelex aims to create a transparent and inclusive DeFi environment.

Zircuit’s infrastructure – which includes AI-driven sequencer security – provides a strong foundation for DApps (decentralized applications).

Recent developments, such as the TGE (token generation event) of the ZRC token, have increased attention on the ecosystem.

Ocelex’s launch will leverage this momentum to establish itself as Zircuit’s primary DEX (decentralized exchange), prioritizing liquidity, accessibility and growth within the DeFi sector.

Ocelex as the first Lynex expansion

As the first franchise expansion of Lynex – the leading liquidity protocol on Linea – Ocelex builds on a proven foundation.

Lynex has achieved over $3.5 billion in trading volume and distributed $7.5 million in revenue to token holders, positioning it as one of the top-performing ve(3,3) DEXs.

Ocelex continues this legacy by introducing ALM (automated liquidity management) aggregation, a feature designed to simplify liquidity management through automated strategies.

This approach reduces risks like impermanent loss while ensuring consistent yield for LPs (liquidity providers).

Strategic partnerships and pre-launch momentum

Even before its official launch, Ocelex has established key partnerships and secured significant TVL (total value locked).

These partnerships include the following.

• EtherFi, Kelp and Renzo for LRTs (liquidity restaking tokens)
• Lido and StakeStone for LSTs (liquid staking tokens)
• StakeStone and Elara, two leading money market protocols to ensure seamless, integrated liquidity flows for users

Ocelex’s strong pre-launch performance underscores its potential to play a key role in Zircuit’s ecosystem growth.

With a current TVL of $4.6 million and total trading volume of $13.3 million, Ocelex has already secured a solid foothold in the DEX category.

A community-first approach

Ocelex follows Lynex’s community-centric strategy with an airdrop that prioritizes long-term alignment.

Forty-five percent of Ocelex’s initial supply will be airdropped to Lynex veLYNX holders who have locked tokens for one year or more. This approach rewards loyal participants while fostering ecosystem stability.

Locking veLYNX has historically provided some of the most consistent yields among ve(3,3) protocols, a trend Ocelex aims to replicate.

The upcoming public sale

The Ocelex public sale begins on December 9, 2024, at 2:00 a.m. PST and will run for 60 hours in a Dutch auction format.

The auction ensures fair market pricing, starting at $0.30 and decreasing to $0.06.

Key sale details

• Tokens for sale – 2,000,000 OCX (two percent of initial supply)
• Minimum price – $0.06
• Starting price – $0.30

Following the sale, the TGE will commence, marking the start of liquidity mining and distributing tokens to pre-miners and airdrop recipients.

For a comprehensive overview of the public sale, refer to this article or watch the accompanying short video.

Ocelex public sale projections

Ocelex’s Dutch auction public sale lets the market decide its valuation and launch price, starting at $0.30 and decreasing linearly to $0.06.

Community airdrop recipients, who will receive 50% of the initial supply as governance tokens, also stand to benefit from higher sale prices.

With interest in Ocelex as the next big ve(3,3) DEX on Zircuit, the auction is expected to be highly competitive, following in the footsteps of Lynex, Aerodrome and Thena.

Ocelex’s growth potential

Ocelex has the potential to secure substantial TVL on Zircuit, a network with over $2.5 billion in TVL. This potential is modeled on the success of other ve(3,3) protocols including the following.

• Aerodrome – Secured 41.6% of Base’s $3.85B TVL ($1.6 billion), with an FDV (fully diluted valuation) of $2.5 billion. Ocelex could achieve $1 billion TVL with a similar share.
• Lynex – Commands 4.7% of Linea’s $494 million TVL ($23.2 million) with an FDV of $29 million. Ocelex could secure $117.5 million TVL with comparable performance.
• Thena – Captures 1.5% of BNB Chain’s $5.8 billion TVL ($85 million) with an FDV of $565 million. Ocelex could achieve $36.8 million TVL with this share.

Ocelex key metrics

• Dominant case – $1 billion TVL (41.6%)
• Moderate case – $117.5 million TVL (4.7%)
• Conservative case – $36.8 million TVL (1.5%)

With an FDV range of $6 million to $30 million, Ocelex presents an undervalued opportunity for early participants, particularly when compared to Aerodrome’s $2.5 billion FDV or Thena’s $565 million.

The future of DeFi with Ocelex and Zircuit

Ocelex combines Lynex’s successful model with Zircuit’s technical infrastructure, aiming to serve as a cornerstone for DeFi activity.

With strong pre-launch momentum, strategic partnerships and a focus on community alignment, Ocelex is positioned to deliver value and scalability for users and the broader DeFi ecosystem.

About Ocelex

Ocelex is the first expansion of the Lynex brand, launching as a franchise on Zircuit, an emerging layer-two.

Ocelex democratizes sophisticated liquidity strategies, seamlessly connecting everyday traders with expert-level capabilities.

It features a competitive ecosystem of ALMs (automated liquidity managers) and strategists, all striving to optimize returns, minimize risks like impermanent loss and boost overall efficiency for every user.

Users can learn more about Ocelex through the following links.

Website | DApp | X | Discord

Contact

Zarolo Vesper, Ocelex