Ocelex
  • Welcome to Ocelex
    • About Ocelex
    • Our Foundations
    • Why Zircuit?
    • What can Ocelex do?
    • DefiZoo Ecosystem
  • Protocol overview
    • DEX Functionalities
      • Swap
      • Providing Liquidity
      • Lock
      • Gauges
      • Voting
        • Account-Based Voting
        • Vote for a Manager
        • Vote for Liquidity
      • External Incentives
      • Rebase Protection
    • Concentrated Liquidity
      • Liquidity Pools
      • Manual Ranges
      • Dynamic Fees
    • Automated Liquidity Management
      • Gamma
      • ICHI
      • Steer
    • Flywheel Fundamentals
  • Tokenomics
    • Initial Supply and Emissions Schedule
    • Protocol Revenue
    • oTokenomics
    • Tokens
      • OCX
      • veOCX
      • oOCX
      • bveOCX
      • eOCX (Pre-Mining Token)
    • Community Airdrop
  • info & security
    • Pre-Launch & Pre-Mining
    • Public Sale
    • Team
    • Brand Kit
    • Audits
    • Contracts
    • Legal Disclaimer
  • LINKS
    • 🔵Website
    • 💻DApp
    • 🐦X
    • 💬Discord
    • ✍️Mirror
Powered by GitBook
On this page
  1. Protocol overview
  2. DEX Functionalities

Rebase Protection

Safeguarding Your veOCXHoldings

Ocelex combines Olympus DAO’s anti-dilution rebase mechanism with Curve’s vote-lock model, inspired by Solidly’s ve(3,3) concept, to protect veOCX holders from dilution. The system begins with a 52% anti-dilution cap, decreasing by 1% weekly for a year to ensure fairness. The longer veOCX is locked, the more rebases are received, promoting long-term participation.

Note: Ocelex has a 52% rebase, decreasing 1% per epoch for 52 epochs.

Example:

If you hold 10% of the 10,000 OCX supply, and 10,000 more OCX are emitted, the total supply doubles to 20,000. With 52% dilution protection, you’d receive 500 additional OCX, maintaining a significant portion of the supply at 7.5% post-epoch. This demonstrates how the rebase mechanism sustains your share over time.

PreviousExternal IncentivesNextConcentrated Liquidity

Last updated 7 months ago