Named after the principle of theory construction, Occam ($OCC), aka Occam Finance or Occam.fi, is a decentralised exchange (DEX) and the first and most significant addition to Cardano’s DeFi landscape.
Designed to deliver market-leading launchpad capabilities, DEX tools, and liquidity pools, Occam is a suite of DeFi (Decentralized Finance) solutions tailored for Cardano and managed and maintained by the Occam Association, a blockchain entity based in Switzerland. Once the Occam.fi ecosystem has matured, the project will be handed over to a carefully designed Decentralized Autonomous Organization (DAO) to manage and guide it.
Learn more about OccamFi in our interview with Mark Berger, President of the Occam Association.
Background
Occam Finance was built by a team of individuals based in Belgrade, Serbia. Launched exclusively as an ERC20 token in its early stages, OCC shifted towards a multichain ready infrastructure after the Ethereum-Cardano bridge was released.
Mark Berger, the president of the Occam Association, is a crypto market veteran who founded Scalable Solutions. His vision is to prepare the crypto industry for institutional and enterprise adoption, holding advisory functions in various startups and traditional financial services.
Several other equally notable members and advisors comprise the Occam Association’s core team, which seeks to build the Cardano community and the Occam.fi ecosystem.
Occam Products
At the time of writing, Occam offers three separate products:
OccamRazer
OccamRazer is a Initial Decentralized Offering (IDO) platform used to raise funds for startups on Cardano. It consists of a tier system that allows users to access IDOs depending on which tier investors fall into. In order to participate, users need to complete Know Your Customer (KYC) procedures and own at least 150 OCC tokens.
OccamX
A purpose-built Cardano DEX developed by Occam.fi as a whole. It is backed by IOHK’s cFund and EMURGO, and provides liquidity and empowers trading of any Cardano Native Token.
OccamDAO
An autonomous organisation that allows token holders to vote on the direction of development.
Occam Tokens
OCC tokens can access a premium liquidity pool and will also be used to pledge stake, invest in new products in the Occam ecosystem, and more. With OCC tokens, OccamRazer is able to put a portion of project allocations back into the ecosystem. In addition, token holders are able to continuously receive a small reward in high-quality tokens from the best projects, opening up a cascade of opportunities for token holders and ecosystem participants while providing momentum for continued ecosystem diversification. As a result, this ensures that Occam becomes a thriving, self-sustaining, and flourishing ecosystem.
OCC tokens can be used for many purposes, most notably:
Staking: Users are required to stake OCC tokens to participate in any IDO on the platform.
Liquidity Mining: OCC tokens are distributed to pool participants from the liquidity pool based on their liquidity volume.
Governance: OCC token holders will have access to the governance mechanism via voting on the changes of system upgrades, system parameters, DAO investments. However, this feature will be implemented later according to the roadmap.
How to get OCC tokens
You can get OCC through multiple CEXs (Centralized Exchanges) nand DEXs such as Uniswap, SushiSwap, and Gate.io. It is important to note, however, that you will need a MetaMask web3.0 wallet in order to do anything in the Occam ecosystem.
Alternatively, instead of buying on different exchanges, you can also earn OCC via Liquidity Mining the OCC-ETH pair on Uniswap. Rebate Rewards are the amount of OCC tokens distributed via IDO pools with a specific OCC supply, and after an IDO closes, its participants will receive a portion of the OCC tokens calculated pro-rata. Continuous Ecosystem Diversification (CED) distributes CED rewards as the tokens of the projects launched on the platform. As long as you stake more than 150 OCC for a while, you will earn a portion of the rewards as project tokens.
Conclusion
Occam provides an all-in-one, feature-rich ecosystem to raise and exchange capital. While catering towards traditional financial institutions, the project boasts (KYC) regulatory compliance but simultaneously claims to have all the benefits of decentralization.
With a focus on user experience, the UI is aimed towards the institutional mass market and is primarily focused on unlocking and raising capital for upcoming IDOs through its Ethereum-Cardano bridge.
