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Introduction
Introduction to OpenOcean
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Introduction to OpenOcean
What is OpenOcean?
OpenOcean is the world’s first full aggregation protocol for crypto trading that sources liquidity from DeFi and CeFi markets and enables cross-chain swaps. Our intelligent routing algorithm finds the best prices from DEXes and CEXes and splits the routes to provide traders the best prices with low slippage and fast settlement. The product is free to use; OpenOcean users only need to pay the regular blockchain gas and exchange fees for the trades, which are charged by the exchanges and not OpenOcean.
OpenOcean aggregates major exchanges (DEXes and CEXes) and across Ethereum, Ethereum Layer 2 such as Loopring and Polygon, Binance Smart Chain, Solana, HECO, Ontology, TRON, and is the first full aggregator on Binance Smart Chain, TRON, Ethereum Layer 2, and Binance exchange. We continue to aggregate public chains and exchanges based on the needs of the community.
Besides aggregation of swaps, OpenOcean will continue to aggregate derivatives, yields, lending, and insurance products and launch its own combined margin products and intelligent wealth management services. OpenOcean provides an API and arbitrage tools for users to operate automated arbitrage strategies.
The vision is to build a full aggregator for crypto trading that increases capital efficiency and connects the isolated islands in the current fragmented DeFi and CeFi markets. Regardless of being a small individual investor or large institution, everyone should have the opportunity to trade at the best prices and apply their own investment strategies to various crypto asset classes.
OpenOcean has its own token, OOE, which serves as a utility and governance token.
What is a full aggregator?
Full aggregation means one-stop services that search DeFi and CeFi markets to find and optimize the best trading options for all types of crypto assets across various public blockchains.
Cross-chain support
OpenOcean supports cross-chain swaps between the aggregated public chains via cross-chain protocols and will support direct cross-chain transactions once the infrastructure matures.
Connecting DeFi and CeFi through CeFi trading aggregation
We are continuously aggregating value by adding exchanges. Users with large orders will automatically optimize the best route between markets to execute transactions at the best price across DEXes and CEXes.
Derivatives, lending, and insurance product aggregation
The protocol will expand product scope into derivatives both from DeFi and CeFi markets based on user needs. For the aggregation of derivatives, we will achieve deep aggregation through portfolio margins. OpenOcean users can trade long and short positions on multiple exchanges simultaneously with combined cross margins from DEXes and CEXes.
In addition, OpenOcean will also aggregate lending and insurance products and provide intelligent investment services to help users participate in the DeFi and CeFi ecosystem and automate their asset management process.
Full user coverage
OpenOcean will support not only DeFi but also CeFi users. Support is also not only for beginner but also for professional traders. The existing interface is user-friendly and completely free for users. For funds and professional traders, OpenOcean provides an API interface and customized trading interface services to assist investment institutions in developing trading strategies such as quantitative arbitrage.
Investors
We have completed strategic investment and private placement fundraising by well-known industry investors. The strategic round investment is led by Binance, and other strategic investors include Multicoin Capital, LD Capital, CMS, Kenetic, and Altonomy. In the private round, the investors were Altonomy, LD Capital, DAOMaker, OKEx Blockdream Ventures, AU21, FBG, the TRON Foundation, Asymmetries Technologies, and LIAN Group. In July, Huobi Ventures Blockchain Fund also made a strategic investment in OpenOcean.
Last modified 2mo ago
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