Ociswap is a DEX built on the Radix Network. With over $5M in TVL and a cumulative volume of over $94.5M since launching on Babylon Mainnet in September 2023, Ociswap is one of the leading projects within the Radix Ecosystem. Established during the Radix Olympia Network era, Ociswap serves as a central hub for deploying capital within the Radix Ecosystem, covering over 100 projects.
Ociswap offers a range of features, including a Token Wizard for creating custom tokens, Liquidity Pools for diverse and flexible LP strategies, and a SPLASH Mechanism that allows users to boost liquidity rewards and earn $OCI, the platform’s native token, and participating project tokens through the Community SPLASH campaign.
Users have a range of pool options, such as Pool V2, which offers both 50/50 balanced pools and imbalanced pools (say 70/30) where fees auto-compound, or Precision Pool V2, where liquidity is concentrated and fees are not auto-compounding enabling independent claiming. All pools also have built in price oracles, flash loans, and hook support.
Ociswap’s development has been significantly supported by the Radix Grants Program. The team has successfully secured multiple milestone boosters, an MVP booster, and is now progressing on the Refine Booster Track, which offers up to $50,000 XRD in funding.
These grants have helped:
- Enable the launch of Ociswap’s core DEX functionality.
- Support the development of advanced features such as sXRD, Ociswap Pool V2, and SPLASH 2.0.
- Facilitated the creation of tools and integrations like on-ledger price oracles, Uni v4-style hooks, and the Ociswap open-source toolset for Scrypto developers.
Speaking about the grants program and its impact, Lukas from Ociswap said:
“It’s been a blast working with the Radix team to make our dreams come true. In the early stages of the ecosystem, teams are usually very passionate but often struggle to attract funding. The Radix Grants Program was a major helping hand for us, combining our unwavering will to deliver great things with the necessary funding to make it a reality.
Ociswap Pool V2 has already been a major success. It is implemented in all degen launchpads—like ApeWave and rly.fun—for graduated tokens.
Our upcoming milestones, sXRD and SPLASH 2.0, will deliver the same impact for our beloved Radix ecosystem.”
Empowered by the Radix Grants Program
Ociswap Pool V2 are fully operational, allowing liquidity providers to add liquidity in customizable ratios, such as 80/20 or 40/60, rather than being limited to the standard 50/50 pools. Inspired by Balancer pools on Ethereum, Ociswap Pool V2 offers unparalleled flexibility for both established and emerging tokens, making liquidity provision more efficient and adaptable.
sXRD (Staked XRD) will soon be live, providing a powerful DeFi asset backed by a pool of Liquid Staking Units (LSUs). sXRD is a trustless mechanism that ensures automatic rebalancing between under- and over-subscribed validators. Holders of sXRD benefit from passive staking rewards while contributing to Radix’s network security, all while gaining access to a new collateral option for DeFi applications.
SPLASH 2.0 will overhaul the liquidity incentive system, making it more sustainable and resistant to mercenaries. By aligning the interests of farmers and liquidity providers within OCI token’s veTokenomics framework, SPLASH 2.0 will ensures long-term stability and growth for the Ociswap ecosystem.
A Radix Grants Program Success
Ociswap’s success showcases the power of a dedicated team, the Radix Grants Program, and the innovative Radix Tech Stack. Together, they’ve built a leading DEX that sets the standard for DeFi on Radix, highlighting the ecosystem’s potential for growth and innovation.
You can follow along on Ociswap’s journey by following them on X (Twitter) or joining their Telegram and Discord channels.
If you’re building, or considering building on Radix and are interested in applying for the grants program you can learn more here: developers.radixdlt.com/grants.
