OCX pOCC Cardano Stake Pool Distribution Guide
The rewards phase for OCX is here, and you can now begin accruing OCX for distribution via various means. These include:
- Staking OCC here: https://razer.occam.fi/personal/occ-panel/staking,
- Staking OCC/ETH liquidity tokens, received for Uniswap liquidity mining here,
- Staking ADA to our Occam.fi Cardano Stake Pool, now live here,
- Holding OCC-ADA,
Here, we’re going to take a quick look at what our OCX stake pool distribution will look like. We will also be providing this information on a dashboard in the near future, so you can quickly check how much OCX will be distributed and when. You can also watch our recent short update video here.
1. When will OCX begin distribution?
Let’s start with the most frequently asked question. OCX distribution will begin either when the accumulation period ends (described below), or when total value locked (TVL) in the OccamX DEX is sufficiently high — for example 100 million ADA worth of TVL. This is to ensure that the OCX token has functionality once OccamX is operational, and there is liquidity and sufficient stakingin incentives within the OccamX ecosystem. We believe the second scenario will occur before the accumulation period ends, with the release and adoption of the OccamX DEX.
2. When did OCX stake pool accumulation begin, and when will it end?
Key dates:
- Distribution start: Cardano epoch 290 (09/13/2021)
- Distribution End: Cardano epoch 361
Accumulation for OCX distribution will last through to epoch 361 on Cardano, approximately 365 days after it began on epoch 290. This doesn’t mean that you needed to stake from epoch 290 to participate. You can still stake ADA to our pOCC pool now, or at at point up until the end of the accumulation period, and you will receive some portion of OCX rewards.
However, as it’s a time and stake weighted distribution, the longer you stake, the more OCX you will receive in the future. So, for maximum rewards it is necessary to stake as early as possible to increase the amount to be distributed to you.
3. How much OCX is reserved for distribution via our pOCC Cardano stake pool?
We are giving 10% of the total OCX supply to ADA delegators. This represents one of the most rewarding ways to earn OCX, slightly behind that of liquidity mining. Liquidity mining has a higher distribution rate due to a slightly higher risk associated with providing liquidity.
4. How many stake pools will be created?
There will be an upper bound of 8 pools to be provided for delegation. Once one pool reaches saturation, another pool will be created as necessary up to the 8 pool limit.
5. What will the ADA we generate from our pool be used for?
A large part of our collected ADA will be used for marketing and liquidity for the benefit of the OccamX ecosystem, for funding development of modules and tools needed to build on Cardano, offer secondary market liquidity to projects building on Cardano and listing on OccamX, and to fund Occelerator incubated projects building on Cardano.
We will have more information on this shortly, but our goal is to create a self-sustaining ecosystem where our generated ADA goes towards the growth of the Occam.fi and Cardano ecosystems simultaneously.
6. Will OCX tokens be vested?
There will be a vesting period for OCX. Vesting will take place linearly and distributions will occur continuously and linearly with 12-months total vesting.
7. Will this information be available elsewhere?
Yes. We are currently working on an easy-to-use dashboard for OCX distribution information. This will be live shortly. Please keep an eye on our announcements channels for more details.
How can I delegate ADA to the pOCC pool?
You can delegate ADA to the pOCC stake pool in return for OCX through Daedalus, Yoroi, AdaLite or other wallets that support ADA staking.
Find OCX’s pool information here, read more about how to get OCX here, or watch our video guide to staking here!
Follow Occam.fi’s social media channels to stay up to date with the latest news:
- Telegram official community : https://t.me/occamfi_com
- Telegram announcements : https://t.me/occamfi
- Medium : https://medium.com/occam-finance/occamx/home
- Twitter : https://twitter.com/occamDEX
- Reddit : https://www.reddit.com/r/OccamFi
- Discord: https://discord.gg/9eQbAkPj7K
About OccamX: OccamX is a Uniswap-like decentralized exchange built for the Cardano native token ecosystem. Developed by the team at Occam.fi and officially backed by Emurgo and IOHK through the cFund, OccamX is set to become the most significant swap ecosystem for the Cardano ecosystem. The OccamX DEX is powered by the OCX token, which can only be gained by contributing to the Occam.fi ecosystem. Learn more at www.occam.fi.
