OpenOcean — Highlights For the last Week (20th -26th Dec, 2021) On the Network

The OpenOcean platform has been extremely hardworking and productive on updates for the last few months. They haven’t failed at all to consistently deliver more reward schemes to their Community while researching on how to upgrade their protocols. The article today is going to be based on the wonderful developments that OpenOcean has initiated over the course of the week, before the discussion, a little emphasis on what the platform is about will be stated.

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 publicnetwork. These mediums include; Solana, fantom, Polygon and many more. The system still plans to integrating crosschain swaps via crosschain bridges and systems. While on this integration, they are dedicated to providing the community with frequent weekly updates, the updates for this week will be detailed below:

DEVELOPMENT UPDATES FOR THE WEEK

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

TO CONCLUDE

The OpenOcean network has really worked hard to integrate different innovations such as the CurveFinance’s deep on chain Liquidity which will enable AvalancheAVAX users with better returns. For OpenOcean users, they can now bridge assets to the Boba network by using the Boba gateway, Celer Network or Synapse Protocol. This update proves to be really Beneficial as users can now trade their favorite Boba tokens on the OpenOcean platform. As the platform enters a new week, it’s sure to plan out innovations and amazing schemes for their users.

Learn more about OpenOcean

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