Last updated 24/11/2022
Official Website: https://openocean.finance/
The first full aggregation protocol for cryptocurrency trading - OpenOcean - derives liquidity from the DeFi and CeFi markets and allows cross-chain swaps. In order to offer traders the best prices with little slippage and quick settlement, a clever routing algorithm splits the routes and gets the best prices from DEXes and CEXes. Users only need to pay the standard blockchain gas and exchange costs for trades, which are assessed by the exchanges and not the project, to use the product.
In addition to the further aggregation of swaps, it will also introduce its own combination margin products and intelligent wealth management solutions. It will also continue to aggregate derivatives, yields, loans, and insurance products. For customers to run automated arbitrage techniques, it offers an API and arbitrage tools.
The goal is to create a complete crypto trading aggregator that boosts capital efficiency and links the isolated islands in the fragmented DeFi and CeFi marketplaces as they exist today. Everyone should have the chance to trade at the best rates and use their own investment techniques to diversify their portfolios across different crypto asset classes, regardless of whether they are individual investors or major institutions.
On OpenOcean, swap transactions can be completed by any user having a wallet. It acts as the window for swap transactions and will automatically identify the lowest slippage and best swap price for you on the market. OpenOcean also gives you the opportunity to select your favorite DEX if you want to change across a certain DEX.
OOE is the OpenOcean utility and governance token that makes the protocol useful for users and allows the community to take part in governance. By making suggestions and casting votes on protocol specifications, upcoming DEXs, and chain aggregations, holders of governance tokens can in-fluence the protocol's future.
A trusted wallet provider for your OpenOcean (OOE) token could be Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place.
Similarly, a user-friendly option to keep your $OOE secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting their MetaMask wallet.
You can Buy & Sell OpenOcean (OOE) by heading over to the Buy Coins page of our website. OpenOcean (OOE) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $OOE has never been easier, simply place your order and provide your wallet address. Once your payment arrives OpenOcean (OOE) will be sent directly to your wallet.
If you choose to Sell OpenOcean (OOE) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
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Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.