What You Didn’t Know about OpenOcean

what you didn’t know about OpenOcean

What is OpenOcean?

OpenOcean is the world’s first DeFi & CeFi full aggregator, using a deeply optimized intelligent routing algorithm to discover the best prices with low slippage for traders on aggregated top tier public chains and their exchanges.

Both centralized and decentralized exchanges are welcome! Traders may now effortlessly swap and move assets across public chains such as Ethereum and Polygon with Matic Bridge V2, which will eventually facilitate cross-chain swaps via bridges and cross-chain protocols. Users simply have to pay the usual blockchain gas fees and exchange fees for trades, which are charged by OpenOcean.

OpenOcean will continue to aggregate derivative, yield, loan, and insurance products, as well as offer its own combination margin products and intelligent wealth management service, in addition to swaps. To conduct own trading methods, the platform includes API and automated arbitrage tools.

The goal is to create a full aggregator for crypto trading that will act as a bridge between the currently fragmented DeFi and CeFi markets. Everyone, whether a tiny individual investor or a huge institution, should be able to trade at the best prices and implement their own investing strategies across various crypto asset classes.

How OpenOcean Operates to get Best Prices?

To get the best trade, it’s important to access exchanges with the best prices and deep liquidity. OpenOcean helps users with this by searching several DEXes and CEXes for prices and liquidity, and then split the order into different routes to get the best trade.

OpenOcean assists users by checking many DEXes and CEXes for prices and liquidity, then splitting the order into multiple routes to find the optimal trade. Having the Ability to Access exchanges with the greatest prices and deep liquidity is critical for getting the best trade

DeFi has given rise to a lot of DEXes such as Uniswap and PancakeSwap. Each DEX has their own separate pools and liquidity that cannot conveniently be accessed at the same time. The problem is that each pool has different prices and not always deep enough liquidity to provide low slippage, especially when users are making large volume trades. The OpenOcean protocol solves this by sourcing, prioritizing/optimizing, and splitting liquidity routes across different DEXes in order to maximize the overall return on your trade.

Normally when doing a trade on OpenOcean the protocol will execute these 3 steps:

  1. Price quotation from DEXes and CEXes
  2. Optimize and find the best trading routes for best price with low slippage
  3. Communicate the prices to the user and execute trades

How will OOE token holders benefit?

· Community Voting Rights — $OOE holders can participate and vote in the growth of the community.

· Gas Fee Reduction & Slippage Subsidies — Trading costs will be reduced by being a OOE token holder in campaigns from time to time.

· Liquidity Mining — Liquidity mining programs with LP pairs will be live on the ETH, BSC, ONT, TRON chains with the following pairs: OOE/ETH, OOE/USDT, OOE/DAI, OOE/BNB, OOE/BUSD.

· CEX Trading VIP Membership — Token Holders with large holdings will gain taker/maker fee premiums, trading fee subsidies, token withdrawal fee subsidies, limited access to the institutional PME arbitrage tool.

· Collateral as Margin for Lending

What You Didn’t Know about Open Ocean

OpenOcean is the world’s first DeFi & CeFi full aggregator, using a deeply optimized intelligent routing algorithm to discover the best prices with low slippage for traders on aggregated top tier public chains and their exchanges.

Both centralized and decentralized exchanges are welcome! Traders may now effortlessly swap and move assets across public chains such as Ethereum and Polygon with Matic Bridge V2, which will eventually facilitate cross-chain swaps via bridges and cross-chain protocols. Users simply have to pay the usual blockchain gas fees and exchange fees for trades, which are charged by OpenOcean.

OpenOcean will continue to aggregate derivative, yield, loan, and insurance products, as well as offer its own combination margin products and intelligent wealth management service, in addition to swaps. To conduct own trading methods, the platform includes API and automated arbitrage tools.

The goal is to create a full aggregator for crypto trading that will act as a bridge between the currently fragmented DeFi and CeFi markets. Everyone, whether a tiny individual investor or a huge institution, should be able to trade at the best prices and implement their own investing strategies across various crypto asset classes.

How OpenOcean Operates to get Best Prices?

To get the best trade, it’s important to access exchanges with the best prices and deep liquidity. OpenOcean helps users with this by searching several DEXes and CEXes for prices and liquidity, and then split the order into different routes to get the best trade.

OpenOcean assists users by checking many DEXes and CEXes for prices and liquidity, then splitting the order into multiple routes to find the optimal trade. Having the Ability to Access exchanges with the greatest prices and deep liquidity is critical for getting the best trade

DeFi has given rise to a lot of DEXes such as Uniswap and PancakeSwap. Each DEX has their own separate pools and liquidity that cannot conveniently be accessed at the same time. The problem is that each pool has different prices and not always deep enough liquidity to provide low slippage, especially when users are making large volume trades. The OpenOcean protocol solves this by sourcing, prioritizing/optimizing, and splitting liquidity routes across different DEXes in order to maximize the overall return on your trade.

Normally when doing a trade on OpenOcean the protocol will execute these 3 steps:

  1. Price quotation from DEXes and CEXes
  2. Optimize and find the best trading routes for best price with low slippage
  3. Communicate the prices to the user and execute trades

How will OOE token holders benefit?

· Community Voting Rights — $OOE holders can participate and vote in the growth of the community.

· Gas Fee Reduction & Slippage Subsidies — Trading costs will be reduced by being a OOE token holder in campaigns from time to time.

· Liquidity Mining — Liquidity mining programs with LP pairs will be live on the ETH, BSC, ONT, TRON chains with the following pairs: OOE/ETH, OOE/USDT, OOE/DAI, OOE/BNB, OOE/BUSD.

· CEX Trading VIP Membership — Token Holders with large holdings will gain taker/maker fee premiums, trading fee subsidies, token withdrawal fee subsidies, limited access to the institutional PME arbitrage tool.

· Collateral as Margin for Lending

--

--

--

A Young Creative Designer and Cryptocurrency Enthusiasts.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

New Partnership: Solar Heros x Rarity Mon

Tech and Research Update: May

Introducing the $ROOT token

Build Ecommerce Websites on The Blockchain — ELYSIAN

Kintsugi Integrates with SubSquare Governance Platform

Block Propagation, Scaling and Adoption — Maturing Blockchains:

Casper Mainnet is Live!

Manny Fernandez CEO of RealtyReturns to Speak at ChainXchange in Las Vegas

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CryptoWizz

CryptoWizz

A Young Creative Designer and Cryptocurrency Enthusiasts.

More from Medium

SEPTEMBER REVIEW OF THE PLUTOS NETWORK; TEAM’S ACHIEVEMENTS AND MORE.

​👋🏻Hello, AltCoinsHUB community!

QuickSwap x Seedify: A Bold Step towards the Growth of Gaming on the Polygon Network.

A Review of Cross-chain Bridges Native to Public Chains in 2021