Ociswap

Ociswap is a decentralized cryptocurrency exchange (DEX) that operates on the Radix platform. It offers permissionless trading of Radix-based tokens through an automated market maker (AMM) model and liquidity pools. Developed in 2021 and launched in 2022, the platform aims to provide a secure and decentralized alternative to traditional cryptocurrency exchanges.

Ociswap was launched in November 2021

Ociswap started with an MVP that was initially aimed at providing basic swapping functionalities within the Radix ecosystem. At its inception, no smart contract tools were available for Radix, which limited the initial design. However, the project's team was inspired by CoinGecko's top-100 list and began by listing top Radix projects, adding a swapping service later on.

Ocibot launched on the 3rd of April 2023, an automated community management tool that evolved from a basic airdrop registration bot to a full-featured assistant using Generative Pre-trained Transformers (GPT).

Ociswap’s brand identity crystallized during the Radix Grants Program retreat in Spring 2023. A set of questions from RDX Works CEO Piers Ridyard led to the adoption of the slogan "The Front Page of Radix," which has since been instrumental in uniting the project team and community around a shared vision.

The price of a trade on Ociswap is determined using the constant product market maker (CPMM) formula, which is defined as x * y = k, where x and y are the amounts of the two tokens in the pool, and k is a constant. As users trade, the amount of one token increases while the other decreases, maintaining the constant k. This formula ensures that the price changes according to the size of the trade and the available liquidity in the pool.

A financial and governance system designed to incentivize long-term liquidity provision and community engagement.