PufETH/WETH Ocelex Incentives on Zircuit

Incentives
1

Protocol/Gauge Name:

Provide the full name of your protocol or project e.g.: Uniswap V3 - pufETH/stETH

  • Ocelex: Algebra - pufETH/WETH

Protocol Description:

  • Ocelex is a dex on Zircuit that democratizes liquidity strategies by featuring a competitive ecosystem of Automated Liquidity Managers (ALMs) and strategists. ALMs optimize CL returns minimizing risk of impermanent loss, and boosting capital efficiency for every LP.

Protocol Overview:

  • Within Ocelex’s ve33 model, users lock $OCX in exchange for voting power which allows them to direct protocol emissions to their preferred Liquidity Pool, thereby earning the fees & bribes generated from that pool.

  • Our target audience consists of three types: DeFi trader’s who want to swap with minimum slippage, yield mercenaries who want juicy returns, and LPs who want to benefit from CL but don’t have the time or skillset to manage active ranges.

Key Features:

  • User-Friendly Trading Experience
  • Advanced Analytics
  • Community-Driven Listings
  • oTokenomics
  • Liquidity Flywheel Mechanisms
  • Automated Liquidity Management

Distribution Method:

  • Ocelex will use a staking contract once the pool is deployed.

Pool Addresses:

  • Recipient Chain: Zircuit

  • Pool Address: Once the initial LP of $50k is added, then we can create an ALM strategy and the pool. Puffer community must choose between Gamma and Steer(or both).

Incentive Impact Statement:

  • Season 2 token incentives are likely to significantly boost user adoption for Ocelex Protocol by providing attractive rewards. By offering a tangible value to users, these incentives will encourage participation from both new and existing users. This rewards proposal will also foster greater retention by keeping users motivated to interact with the platform to earn tokens. This strategy will enhance community loyalty and protocol sustainability. By aligning token incentives within our ecosystem, Ocelex can establish a strong foundation for long-term success.

Eligibility Verification:

Logo URL, please provide us with the logo (ideally IPFS):

Any Other Resources e.g. direct URL to pool, docs, etc.

Contact Information:

iriesam:

Telegram & Discord: @iriesam
Email: samemmes@gmail.com

3 Likes
2

If I add pufETH to the Algebra - pufETH/WETH pool, will I have to hold $OCX and vote to earn incentives on Ocelex?

1 Like
3

You would hold $OCX, and then choose between voting every week or delegating your votes to one of the ALMs to do it for you. I personally delegate because it’s much less work. All I have to do is claim the rewards which are made up of incentivizes and fees.

pufETH/WETH LPs also earn protocol emissions.

2 Likes
4

Hey pufETH frens, I wanted to add some more context to this proposal.

In addition to Ocelex, our team also successfully built lynex.fi on Linea, achieving over $4b in volume in the first year.

We are very interested in expanding our ve33 model dex to UniFi under a new name & brand identity. We are eager to position ourselves as a potential Tier 1 protocol that will help facilitate growth alongside partners of the UniFi ecosystem.

This Ocelex incentivizes proposal is a stepping stone to a deeper collaboration in the future. We see this initial step as an opportunity to grow pufETH liquidity, to expand the presence of the Puffer narrative, and to reward the pufETH pioneers for their participation in the growth of cross chain liquidity.

2 Likes
5

Proposal: [ PufETH/WETH Ocelex Incentives on Zircuit ] has been escalated to the internal review committee.

Status: Approved

2 Likes