Open Ocean Bridging the CeFi - DeFi Gap

OpenOcean aggregates liquidity from both centralized finance (CeFi) and decentralized finance (DeFi), ensuring better lending, trading, yield generation, and insurance experience for its users.

By
Utulu Hope
on
April 3, 2021
Category:
Project Insight

OpenOcean, A Leading Aggregator on the BSC 

OpenOcean is the newest innovation the world has ever seen. The first aggregator provides a passage towards trading and pools liquidity from both DeFi and CeFi. This means that it is the number one platform for swaps between various top exchanges. It enables access to semess seals using both DeFi and CeFi liquidity.

The protocol has a long-term goal of connecting both financial worlds to support seamless crypto trading aggregation. OpenOcean wants to help customers, including individual investors and institutions, make transactions at reasonable prices while also using their preferred investment strategies for their favorite cryptocurrencies. 

The protocol offers the lowest slippage for traders, followed by the best prices. OpenOcean also intends to launch its combined margin products and unique equity management products in the future. That said, there will be more yield-generation, lending, and whole aggregation. But what is full aggregation? 


What is Full Aggregation? 

Source

Full aggregation, means that OpenOcean offers full user coverage, derivatives, lending and insurance products aggregation, cross-chain support, DeFi trading aggregation, and lastly, connecting DeFi and CeFi through CeFi trading aggregation. 

OpenOcean supports cross-chain relations between the BSC, Ethereum, and other public chains using the Binance bridge. There are also plans to help direct cross-chain transactions in the future as soon as there is enough infrastructure. One essential aspect of OpenOcean is that it supports not only DeFi users but also CeFi users. All these and other exciting features stated above all makeup for its full aggregation. 


Centralized Exchanges on OpenOcean 

Presently, Binance is the first centralized exchange to become integrated into OpenOcean. With this, the platform becomes the first complete aggregator to provide easy public access.

The benefits of this partnership include: 

  • Finding the lowest price between defi and cefi exchange.
  • One login required on OpenOcean
  • Exchange on CEX and withdrawal to multiple chains.
  • Arbitrage transactions between DEXes and CEXes.
  • VIP Membership with OOE Token.

Asides from the benefits of its centralized integration of Binance, holders of its token have huge benefits. They include: 

  • Governance Participation — $OOE Token holders can vote in the growth of the community.
  • Gas Fees & Slippage Subsidies — Traders can benefit from a reduction in gas fees and slippages.
  • Margin Collateral while Lending

Liquidity Mining — Multiple LP pairs, including OOE/ETH, OOE/USDT, OOE/DAI, OOE/BNB, OOE/BUSD, will be available on ETH, BSC, ONT, TRON chains and available for liquidity mining.

  • CEX Trading VIP Membership —Token holders which meet a minimum requirement will benefit from trading fee subsidies, withdrawal fee subsidies, take/maker fee premiums, and access to institutional-grade PME arbitrage tools.

Also, the above benefits apply to DeFi users. 


Conclusion 

With its lowest slippage and best price offerings, OpenOcean is dominating the entire market space. Presently, the platform has over 170,000 users and $800m in aggregate volume since its launch six months ago up until the 26th of March 2021. A team of advanced mathematicians and Ph.D. scientists ensures that OpenOcean uses the most advanced routing algorithm for price discovery. 

OpenOcean will also offer easy access to its user-friendly interface with no extra charges. We can also expect a complete financial ecosystem with lending, support for derivates, and also insurance products shortly.  

For more information, or if you wish to stay up to date on the project, check out their media and social media

pages.

Website

Telegram

Twitter

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Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.