With many features to offer not only on Cardano is OccamFi a cross-chain platform with a lot to offer for it's customers. OccamFi which is built on Cardano are working cross-chain as told to promote a bigger use of Cardanos DeFi but also to get liquidity from other blockchains to Cardano maximizing the growth not only of it's own platform but for the whole Cardano ecosystem. OccamFi consists of three parts OccamRazer, OccamX and OccamDAO. The first part OccamRazer is already released on Ethereum. OccamFi has a lot to offer with it's unique nex generation IDO platform which will be explained in this article.
OccamRazer - One of The Three Main Features
OccamRazer is OccamFi's lauchpad platform for new projects being released and it's a new generation lauchpad winch works a bit different against the lauchpad's we're used to use. OccamFi's own token OCC is a token which is a must to have for utilizing OccamRazor, OCC for now is an ERC20 token on Ethereum but will also of course be a token on Cardano as soon Cardanos's DeFi is released fully. OccamRazor will exist on both Cardano and Ethereum and this is a part of OccamFi being cross-chain and also is there a bridge that will be released by that can Ethereum users take part in Cardanos DeFi and vice versa. The cross-chain features enable one more feature for the developers to utilize which it to bring more liquidity from other blockchains to Cardano blockchain.
Before the release of OccamRazor on Cardano can you use OccamFi on Ethereum to be able to take part in launches of new tokens on Cardano blockchain in a trustless way. OccamRazor works diffrently as told and the mechanism of OccamRazor it that you need to stake OCC tokens with a minimum of 150 to be able to get tokens from every launch, yes every launch if you meet the tier requirement for that. For staking OCC at OccamRazor will you get tokens from every new token launching on OccamRazor thru CED rewards which stands for "Continuous Ecosystem Diversification". For IDO's launched on OccamRazor will everyone who has staked a minimum of 150 OCC tokens get CED rewards if they have been staking OCC for the time required to get CED rewards for that IDO launch.
There is a tier system in OccamRazor there you'll know how much OCC you need to stake to participate and get CED rewards for every IDO lunched otherwise is there a countdown of 1-2 IDO's until you can get CED rewards again. So to be able to get CED rewards of every IDO launch do you only need to meet the minimum requirements when it comes to amount of OCC staked and time which the image below describes. In addition to the CED rewards will you get rewards in OCC tokens from the staking itself.
Thru liquidity mining can you earn addition rewards in OCC by providing an LP of ETH and OCC at Uniswap and you'll get an APY of 36.81%.
OccamX - One of The Three Main Features.
OccamX will be the DEX of OccamFi which will have liquidity pools based on multi-assets with dynamic asset weight, this kind of pools are called "metapools". This feature presents a new way to bring huge liquidity to early projects that depends on secondary market trading. Single assets in OccamX can be traded for another (any of assets in OccamX metapools) assets combined liquidity inside the metapools. This will ease liquidity problems for early projects.
OccamX will be a DEX utilizing assets inside it's pools in another way for example Uniswap or Pancakeswap does, which was explained above. This will provide liquidity for Cardanos DeFi in the early stages when just released and ease the startup of it. The metapools will bring a lot of use for this problem but it's not the only contributing factor for bringing Hugh liquidity, OccamRazor has a big part in this to.
OccamDAO
OccamDAO is a single governance layer to leverage OccamFi's ecosystem to the community. The governance system via DAO is controlled by the community that will control how the ecosystem behaves. OccamDAO in simple term in the collection of rules and automatic processes for the ecosystem which in turn are govern by the community in the end. This will direct future ways and developments of OccamFi.
Use Cases And Tokenomics Of OCC Token
The OCC token is essential to have in OccamFi's ecosystem at least to utilize it fully. To be able to participate in OcamRazor which you know is OCC tokens required to stake for CED rewards and addition rewards in OCC for the staking itself. You are also able to get rewards in OCC from liquidity mining as told to. On OccamRazor will it be private pools to, to be able to access those do you most to stake a minimum requirement of OCC. This powers the OccamFi community.
There will also be higher rewards for liquidity mining thru these private pools this will bring higher value to the OCC tokens in the long run. Another feature enables value to OCC is the fee to unstake your OCC which from beginning was 0.6% but will after communication between developers and community be raised, the fee taken from unstaking will be distributed to current users staking in the pool. This features do will bring longevity to OccamFi according to developers. The OCC tokens is an ERC20 for now on Ethereum blockhain which the first release of OccamRazor is as well.
The OCC token will be a Cardano native token to with the same characteristics as the ERC20 OCC token, the token supply of Cardano native OCC will be equivalent to the supply of OCC ERC20 which is a amount of 100,000,000 tokens on both sides.
Roadmap
You can look at the image below to see the roadmap of OccamFi.
Other Notes
- Certified By CertiK
- To Access Laucnhpad (OccamRazor) must KYC be done once.
- Bridge between Cardano and Ethereum is finished, the bridge works from both sides, this can make liquidity and user count higher on Cardano's blockchain. (Ease liquidity problems for early projects) to proceed to bridge click here.
-cFund and EMURGO is helping to fund OccamFi. (cFund and EMURGO is in partnership with Cardano engineering firm started by Charles Hoskinson, by this is OccamFi funded by official Cardano entitles, the first launchpad getting this)
- Guide and FAQ to OccamFi do you find here.
- OccamFi whitepaper, click here.
OccamFi Official Social Network Links
- OccamFi Website, click here.
- OccamFi Medium Page, click here.
- OccamFi Telegram Chat, click here.
- OccamFi Telegram Announcement Channel, click here.
- OccamFi Twitter, click here.
- Occamfi Reddit, click here.
Thank you for reading and all support!
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