Ocelex is launching as a MetaDEX on Zircuit, aiming to simplify liquidity management.

From Investing.com

December 6, 2024 04:30 AM:

Ocelex is set to launch as a MetaDEX and liquidity layer on Zircuit, a zkEVM-based Layer 2 ecosystem focused on scalability and security. With a community-driven approach and revenue sharing among token holders, Ocelex aims to create a transparent and inclusive DeFi environment.

Positioned as the first Lynex expansion, Ocelex builds on Lynex’s success by introducing Automated Liquidity Management (ALM) aggregation to simplify liquidity management and reduce risks for liquidity providers.

Before its official launch, Ocelex has secured key partnerships and significant Total Value Locked (TVL), with a current TVL of $4.6M and total trading volume of $13.3M. The public sale begins on December 9th in a Dutch auction format.

Ocelex’s Dutch auction public sale allows the market to determine its valuation, starting at $0.30 and decreasing to $0.06. Community airdrop recipients will receive 50% of the initial supply as governance tokens, benefiting from potential higher sale prices.

Ocelex has the potential to secure substantial TVL on Zircuit, with projected TVL ranging from $36.75M to $1.039B. With a focus on community alignment, Ocelex aims to deliver value and scalability within the DeFi ecosystem.

Ocelex is the first expansion of the Lynex brand, launching on Zircuit to democratize liquidity strategies. Through Automated Liquidity Managers (ALMs) and expert-level capabilities, Ocelex aims to optimize returns, minimize risks, and increase efficiency for users.

Read more at Investing.com: The Newest MetaDEX Driving DeFi Growth on Zircuit By Chainwire