🎯DCA

Note that OpenOcean DCA (Dollar-Cost Averaging) is currently deployed on the Base chain on PC.

What is DCA?

Dollar-Cost Averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of the asset's price. This method helps mitigate the impact of market volatility by spreading out your investments over time, ensuring you don't invest all your money at a market peak.

By doing so, you can take advantage of different entry and exit price points, potentially increasing overall profit rather than entering or closing a deal at a suboptimal time.

For example, let's consider purchasing 1 BTC. Suppose Alex buys 1 BTC at $65,000. However, Bob divides his fund by 3 intervals - buys 0.33 BTC at $65,000, 0.33 BTC at $60,000, and 0.34 BTC at $55,000. We can see that Bob reduces his cost basis to approximately $59,950, $5050 lower than Alex who bought at a single high price.

Advantages of OpenOcean DCA

• No Cancellation Fees: You can cancel DCA orders anytime before execution without incurring any fees, giving you flexibility and control over your investments.

• Non-Custodial: OpenOcean DCA tool does not take custody of your assets. This means your investments remain safe and you can continue using your assets for other investments until the DCA order is executed.

• Gasless Transactions: Setting up and executing DCA swaps requires no gas tokens. This gasless feature simplifies the process, making it more accessible and convenient.

• Best Rates with OpenOcean Aggregator Protocol: Our DCA product leverages the OpenOcean aggregator protocol for swaps, integrating the deepest liquidity on Base to ensure you’ll get the best available rate for your investments.

FAQ

When will my DCA swaps be executed?

The active DCA swaps will be executed at the scheduled period. The amount of output token you receive depends on the price at the time the transaction is executed.

Can I cancel previously created DCA orders?

Yes, You can manually cancel any active DCA options at any time without any charges, fully at your choice.

Are there any fees associated with using OpenOcean DCA?

There is a 0.1% platform fee for OpenOcean DCA, which is applied when the transaction is executed.