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
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On this page
  • Initial Supply
  • Emissions
  • Rebase & Anti-Dilution Mechanism
  1. Tokenomics

Initial Supply and Emissions Schedule

Breakdown of initial supply and token inflation

PreviousFlywheel FundamentalsNextProtocol Revenue

Last updated 6 months ago

Initial Supply

Category
%
Allocation
Vesting

Protocol Activations

4%

4,000,000

Permanently locked veOCX

Community Airdrop

50%

50,000,000

Max locked veOCX (2 years lock)

Early Adopters

9%

9,000,000

50% oOCX, 50% veOCX (2 years lock)

Ecosystem

3%

3,000,000

100% at TGE

Initial Liquidity

2%

2,000,000

100% at TGE

DAO Treasury

20%

20,000,000

Permanently locked veOCX

Marketing

2%

2,000,000

100% at TGE

Advisors

1%

1,000,000

Max locked veOCX (2 years lock)

Pre-Seed

3.8%

3,800,000

Distributed as veOCX: 30% after 6 months, 30% after 12 months, and 40% after 24 months.

Strategic

3.2%

3,200,000

10% at TGE, 10% as veOCX after 6 months, and 80% as veOCX after 24 months.

Public Sale

2%

2,000,000

25% at TGE, then 25% locked in veOCX for 6, 12, and 24 months.

Emissions

The initial supply of OCX is 100M, with 85M distributed as vote-locked (veOCX) tokens.

Emissions specifications

  • Weekly emissions (at inception): 5,000,000 OCX

  • Weekly emissions decay: 1%

  • Weekly developer wallet allocation: 4%

  • Weekly veOCX rebases: Starts capped at 52% then the cap is reduced by 1% every week for 52 weeks until it reaches 0%

  • Emissions for liquidity providers: starts at 44% and grows up to 96% in the a period of 52 weeks.

Rebase & Anti-Dilution Mechanism

veOCX holders receive rebases proportional to OCX emissions and their voting power. Ocelex combines an anti-dilution rebase mechanism with a vote-lock model, offering protection against dilution for veOCX holders.

The system starts with a 52% anti-dilution cap, decreasing by 1% per week over a year. Rebases are tied to veOCX voting power, meaning the longer you lock, the more rebases you earn, incentivizing long-term participation and ensuring fair distribution over time.