OpenOcean — Amazing Developments for December 2021
OpenOcean platform has really been truly active during the month of December, as they have relayed amazing developments for their Community users. In today’s article w,e’ll be going through all the previously Iterated developments Achieved by the platform. Before this is stated, a little info what the platform is will be described;
OpenOcean Details
OpenOcean is simply the 1st Decentralized & Centralized finance Based Aggregator. OpenOcean’s algorithm for intelligent routing searches for the best prices with minimal slippage for every user/ trader affiliated with the Decentralized and Centralized Exchange system with no extra charges. OpenOcean has aggregated a lot of prominent DeXs around the public network. These mediums include; Solana, fantom, Polygon, and many more. The system still plans to integrate cross-chain swaps via cross-chain bridges and systems. While on this integration, they are dedicated to providing the community with frequent updates, the updates for this month will be detailed below:
DECEMBER’S FULL ACHIEVEMENTS
Atlantic Wave Initiation
On the 1st of December, the platform was thrilled to introduce OpenOcean Atlantic Wave, $1 million pledged to several Binance Chain Initiatives. Considering their large BSC Community base, they were looking to build connections with projects and together accelerate the growth of BSC. For more info: https://openoceanglobal.medium.com/openocean-atlanticwave-commits-1-million-to-binance-smart-chain-growth-883e9e324a63
AXIAL DEFI INTEGRATION
On the 6th of December, OpenOcean announced that they’ve newly integrated Axial Defi, which is the new center for Liquidity on Avalanche AVAX, as a new Liquidity source for efficient Stablecoin trading to offer users maximum returns
For more info: https://openocean.finance/classic#/AVAX/DAI.E/MIM
ETHEREUM LAYER 2 SOLUTION INTEGRATION
On the 8th of December, OpenOcean announced that they have added Ethereum Layer2 Solution (arbitrum) developed by OffChain labs. With this, there will be two major benefits for users which are; Reduced Transaction costs and instant confirmation. As part of the integration, OpenOcean has also added several protocols as a liquidity source; they include; Uniswap, BalancerLabs, BreederDodo, CurveFinance, Sushiswap, SwaprEth, and Synapse Protocol.
Start with Arbitrum by using one of the bridges they directly link to from their trading interfaces, such as the Arbitrum bridge, AnySwap Network, Synapse Protocol, or cBridge v2 bridge powered by Celery Network
For more info: https://openoceanglobal.medium.com/openocean-aggregates-arbitrum-to-expand-its-one-stop-trading-solution-48634b95e54a
SPOOKYSWAP GOVERNANCE VOTE
On the 9th of December, A new Spookyswap governance vote went live. Thanks to OpenOcean, this vote introduces an OOE pool and farm. Users could stake xBOO tokens to earn OOE tokens, while also staking OOE — FTM LP tokens to earn BOO tokens.
For more info: https://twitter.com/spookyswap/status/1468771486441906180?s=21
SpookySwap Farm
On the 10th of December, OOE tokens went live on FantomFDN with a Spookyswap farm. For users who don’t have OOE on Fantom, all they have to do is bridge OOE tokens from Ethereum via Spookyswap or AnySwap Network bridges. Transfer OOE tokens from CeXs like KuCoin, gate_io, and so on, to Ethereum, then bridge to Fantom. Swap FTM Tokens for OOE tokens on: http://openocean.finance/classic#/FANTOM/FTM/OOE
For more details: https://openoceanglobal.medium.com/openopean-kicks-off-ooe-farming-on-spookyswap-3c7b59c2e241
RADIOCACA NFT AMA
On the 10th of December, at 16:00 UTC, OpenOcean had Caleb from Radioraca team to join the Community and share their story about MetamonIsland
For more info: https://twitter.com/OpenOceanGlobal/status/1469309840795512835?s=20
Countdown to BSC Campaign
On the 20th of December, the platform announced that 4 days are left before the BSC Campaign. Users will then be able to trade their favorite BSC tokens through the OpenOcean platform while gaining opportunities to share the big reward.
For more info : https://twitter.com/OpenOceanGlobal/status/1472960577928851456?s=20
Deep OnChain Liquidity Integration
On the 21st of December, OpenOcean network announced that the deep onchain Liquidity provided by CurveFinance is now integrated on OpenOcean. This is going to provide great benefits to AVAX based users, such as; Deeper Liquidity, Less price Impact, along with maximized returns.
For more info: https://twitter.com/OpenOceanGlobal/status/1473332606439952384?s=20
Boba Network Aggregation
On the 22nd of December, OpenOcean informed the community that they’ve successfully aggregated Boba Network, which is an Ethereum Layer2 Optimistic Roll-up scaling solution with fast delivery, reduced gas fees and maximized security.
Users can now trade efficiently through Boba network on OpenOcean.
For more info: https://twitter.com/OpenOceanGlobal/status/1473633620145631232?s=20
OpenOcean Expands to Gnosis Chain
OpenOcean plans to keep growing and expanding its features. And it’s evident with this innovation. On the 23rd of December, the platform announced that they’ve expanded to Gnosis Chain, which was formerly xDai chain. This has brought in some key features such as High speed and low fee transactions. Users can now trade on Gnosis chain today with OpenOcean superior algorithm in order to maximize their returns.
For more information: https://openoceanglobal.medium.com/openocean-expands-one-stop-trading-with-gnosis-chain-formerly-xdai-chain-aggregation-c0c020dcdffc
Uniswap V3 Integration
On the 24th of December, the platform team announced that Uniswap V3 is now integrated on OpenOcean (Polygon) as a strong Liquidity source provider. The integration benefits users to maximize their returns by trading more efficiently.
For more info: https://twitter.com/OpenOceanGlobal/status/1474301145426558978?s=20
OpenOcean Season Celebration
On the 24th of December at 10am, the platform celebrated the holidays by granting users the opportunity to swap one tnx of above $50 with any token pair on OpenOcean, while standing a chance to win gifts which include; 100% gas refund in OOE tokens, OOE rewards.
For more info: https://openoceanglobal.medium.com/weve-got-gifts-for-openocean-traders-this-holiday-season-296e85a7888
Beta Tester Access to Openocean’s SaaS Product
In order to mark the end of 2021, the team was thrilled to announce beta tester access to Openocean’s SaaS Product for intelligent wealth management. It’ll initially include; Automatic arbitrage between Decentralized exchanges and Centralized exchanges.
For more info: https://openoceanglobal.medium.com/beta-launch-saas-product-for-intelligent-wealth-management-3706875b263
The End of the BSC trading Campaign
On the 31st of December, the platform announced that the BSC trading Campaign had ended and the rewards have been distributed. They also congratulated the 120 winners that participated. For more info: https://docs.google.com/spreadsheets/d/1OCaqPZaokurUoyBagrt0Z9eSoqeXzbY0_0xG7jJ1bcA/edit?usp=sharing
Limit Order Function now Live
On the 30th of December, the platform’s team was pleased to announce OpenOcean limit order Function was live. Users could buy or sell a token at a designated price, automatic order will also be executed once conditions are met. Users through the function will be able to trade with higher efficiency
For more info: https://openoceanglobal.medium.com/limit-order-functionality-live-on-openocean-to-increase-your-trading-efficiency-340552cfba1
OpenOcean Whitelist Campaign
On the 28th of December, the platform gave users the chance to join the OpenOcean Whitelist Campaign in order to also grab a BSC Christmas Gift Box. This Campaign ends on the 1st of April, 2022. For more info: https://twitter.com/OpenOceanGlobal/status/1475800136962158596?s=20
CONCLUSION
The month of December and the year of 2021 has been truly phenomenal for the entire platform, from AMAs to system upgrades and integrations, the OpenOcean platform has really been on a roll while still accomplishing more of their goals. As a new year has begun, they plan to continue with such a pace while incentivizing their entire Community.
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