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OCCAM, the first one-stop Defi service platform on the Cardano chain, was launched

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While the Boca Troughs auction has been delayed, Cardano Ecology recently launched Operation Defi

原文标题：《 Cardano 开启 DeFi 战事，首个链上流动性方案 Occam 究竟如何？》

The original article was written by Bidepan

Original source: Panews

Defi continues to be hot, hitting a record high of $98.36 billion in total locked positions (GVL) on April 27, according to DeBank. On the same day, $70.68 billion was locked up on the Ethereum chain. From lending platforms to Dex to crowdfunding, insurance, and derivatives and integrated asset management protocols, Defi is home to a growing number of decentralised financial applications.

Dapp Radar's annual report shows that in 2020 alone, it received more than 230 submissions for Defi apps, with 45% of them running on the Ethereum network. Many of these projects are now worth billions of dollars.

Defi is now a core use case for each public chain, not only improving the liquidity of assets on the chain, but also providing a wealth of financial products for users on the chain through the combinability of Defi "LEGO". In addition to the established public chain Ethereum, upstart public chains such as BSC, Solana, etc., are committed to building the DEFI ecosystem. Cardano and Poca, built by two former Ethereum co-founders, are now the most valuable leading public chains. While the Boca Slot auction has been delayed continuously, Cardano Ecology recently took the lead in launching Defi, the first Cardano one-stop Defi platform named Occam.Finance, to solve on-chain transactions, financing and other tools.

1. The first one-stop DEFI service platform on Cardano chain & NBSP;

Cardano is one of the leading public chains at present, and it is the first to propose peer review, which means that Cardano's code must undergo peer professional review to ensure the feasibility of this technology before it is officially launched. And Cardano's community is strong and active enough, with more than a million users on the social platform, including cutting-edge researchers, developers, and pledge pool operators, as well as university professors and blockchain professionals.

In addition, Cardano has long maintained good interoperability with other chains, and the security of smart contracts has been continuously improved, including a large number of unpreventable human errors or hacking attacks that plague other public chains. This advantage lays the foundation for building DeFi on the Cardano chain. At present, there is a lot of working capital on the Cardano chain, and Staking is also the public chain with the largest stake in total assets.

In order to harness the liquidity on the Cardano chain and to scale the Cardano ecosystem to a larger scale, there must be a major market infrastructure and a decentralized funding approach. New decentralized financing platforms will bring new players, businesses, applications, and venture capital into the space. It will also bring millions of users from the local community to Cardano.

The first liquidity solution and asset issuance platform, OCCAM, was born to meet the urgent needs of Cardano ecology. It aims to solve the problem that a large number of projects on the Cardano chain need to be funded through decentralized mechanisms. It will also bring a series of DEFI use cases for Cardano through various mechanism designs. Occam can be said to be a one-stop DEFI service platform, including the financing platform Occamrazer, which has been launched, the decentralized exchange and lending platform OccamX, which will be launched soon, and a single governance layer Occamdao.

The first component of Occam Eco's application on the Cardano chain is the decentralized financing platform, a powerful Launchpad called Occamrazer, which has revolutionized the way decentralized projects raise and exchange funds. In addition, Occamrazer offers a full suite of compliance and RegTech (regulatory technology) tools for professional venture participants, with a user-friendly UI. Compared with the traditional centralized financing way is more transparent, and users will not be adversely affected by the monopoly, but also reduce the traditional AMM IDO by scientists to jump the jump, huge price fluctuations, and less executable operations and other shortcomings.

Occamrazer, a decentralized IDO platform, was officially launched on April 14, offering 200,000 OCC tokens to participants. According to officials, the event was extremely popular, with more than 150,000 daily visitors on Occam's website, and the tokens were snapped up in less than 30 seconds in the ensuing transactions.

Occam officials told PanEWS that Occamrazer is now ready to complete and will soon launch its first IDO.

It is worth mentioning that Occam is also the first to provide a cross-chain bridge that can be used to produce Cardano to Ethereum in order to promote the mobility of the network. The bridge architecture will use a centralized paradigm, which will match the native tokens on the Cardano chain to tokens issued by the ERC-20 standard on Ethereum. This design ensures that there is always an exact supply of 100 million OCC tokens. Projects started through Occamrazer will be able to take advantage of this cross-chain bridge, allowing projects scheduled to start on Cardano to access Ethereum liquidity and user base.

2. Multi-function tokens to accelerate projects on the Cardano chain & NBSP;

OCC is OCCAM's platform Token and will provide a range of incentive opportunities for Token holders and ecological participants to ensure that OCCAM becomes a self-sustaining and increasingly prosperous ecosystem. OCC is also a multifaceted digital asset that will be widely used within the OCCAM ecosystem and will play a key role in other components such as OccamX and OccamDAO in the future, in addition to the Occamrazer financing platform that is currently enabled.

The OCC was first launched for trading as an ERC-20 token. In order to transfer liquidity from Ethereum to Cardano, the OCC also issued a token equivalent to a local asset on the Cardano chain. Eventually, token holders will be able to use all the functions equivalent to ERC-20.

Functionally, in addition to being used as collateral, OCC holders have access to a pool of senior liquidity to enable continued diversification of the ecosystem. The team will reward the liquidity miners who use the OCC tokens without having to hold the tokens themselves in advance. These regular rewards from the OCC tokens will reward the liquidity miners on a proportional basis. If it is a pool participant who receives the liquidity, the transaction fees they pay will be distributed among the remaining pools.

This is the first time Occamrazer has done so. IDO, OCC was snapped up in less than 30 seconds and dedicated pools will be launched in the future. These dedicated pools are accessible only by the Occam community and require collateral OCC, while the "private" of the liquidity pool is set by the initiator, who chooses whether the pool's properties are private or public.

The Occamdao investment pool will allocate up to 12 million OCC tokens (about 12 percent of the total supply).

The OccamDAO Investment Pool Token will be used to invest in projects initiated through Occamrazer that require a validated or ProjectX status, meaning that only projects that have undergone an extensive due diligence process will be eligible for such investments. Occamdao will purchase from Occamrazer a portion of the market value of the Project with a portion of the OCC once the Project has reached a sufficient level of validation or has obtained the status of ProjectX.

Through this mechanism, OCC stakeholders can virtually guarantee distribution in any high-quality project raised through the Occamrazer platform. After the OccamDAO is allocated, the Token will be subordinated to the contract asserted by the wallet of the OCC stakeholder. It is then up to the lender to decide whether to redeem the tokens. Each stakeholder is free to redeem its token reward, and there is no time limit for redemption.

In terms of the equity pool, the removal of OCC participants will result in a small fee of about 0.6%. This fee not only incentivizes long-term participation in the pool, but also distributes the fee to other participants who remain in the pool. This will create a stable economic environment to support the operation of the Occam ecology.

3. Global star institutions support and improve the ecology & NBSP;

Since this year, NFT has been another hot spot in the industry after DEFI, so OCCAM issued the "NFT for the World" plan. The project will create six completely unique NFTs, designed to reflect the geographical and cultural characteristics of six locations in Europe, Asia, Africa, North America, South America and Oceania. And these NFTs will be distributed to a mission-driven pool of interests selected by the community, who can use, sell, or hold the NFTs to benefit their representatives and selected charities.

At the same time, each NFT will allow its owner to mine a predetermined number of OCCs over a long period of time, essentially creating new value for the mission-driven equity pool within the Cardano ecosystem. To be rewarded, equity pool operators must convince the community that they benefit the community to the best of their ability. These NFTs, like other Cardano assets, can be traded and used by any other participant, essentially creating a valuable, reward-generating digital asset for use by the most specialized, task-driven asset pools.

In general, the Occam Ecology is primarily driven by the Occam Association, a non-profit organization based in the Crypto Valley in Zug, Switzerland, which aims to support the development of the latest decentralized applications on the Cardano blockchain, And expand the frontier of innovation in digital assets to an unprecedented level.

Technically, the Occam ecosystem and its code base will be independently audited by a professional blockchain security company, with the promise that it will also be audited through a scalable solution based in Switzerland. In addition, Occam launched the first hackathon, Occelerator, which aims to promote ecological growth. Hackathon will focus on Cardano's ecosystem, including algorithmic stablecoins, synthetic assets, prognostics, NFT, and DeFi.

The OCCAM technical team is composed of winners of national mathematics and programming competitions, active members of the ACM ICPC community, and medalists of the International Information Olympics (IOI) and International Mathematical Olympics (IMO).

Recently, Occam has also announced strategic partnerships with the Middle East and North Africa (MENA) market leading blockchain venture Capital (VC) and accelerator Lotus Capital. Previously, Occam has reached strategic cooperation with Dorcas well-known investment institutions. These include blockchain venture Capital group AU21 Capital, Spark Digital Capital, which has invested in well-known projects such as 1Inch Exchange and The Graph, And Dubai-based Morningstar Ventures, which focuses on early-stage crypto startups.

Summary & have spent

As a powerful and cleverly designed solution, Occamrazer & NBSP; "Is just in time to revolutionize the way Cardano raises money and deals for centralized projects, and to give projects launched on Cardano easier access to Ethereum's liquidity and user base.

Occam offers affordable, safe and quick solutions for projects on Cardano, without ignoring regulatory requirements. In a secure and compliant environment, every user will be able to participate and freely use all kinds of assets in a harmonious ecosystem based on incentives.