Openocean Atlantic exceeds the returns of other leading Dex aggregators

Openocean Atlantic exceeds the returns of other leading Dex aggregators

[Press Release - Road Town, BVI, 19th October 2021]

Open ocean positions itself as a contact point for the cheapest cross-chain swaps. The combination of margin pools for more capital efficiency and intelligent Wealth management services has aroused institutional interest. In the world of cryptocurrencies there is a huge ocean of liquidity, and Openocean enables everyone to dive directly.

The introduction of Openocean V2, called Openocean Atlantic, introduces many new functions. Openocean Atlantic runs via aggregated networks, including Binance Smart Chain, avalanche, polygon, Solana and Fantom. There is also support for Okexchain, Tron, Ontology and Heco. Later we will support Ethereum. Users benefit from maximized returns that exceed all other Dex aggregators on the market. It is even more important that all of these advantages are accessible free of charge.

Openocean Atlantic implements a superior algorithm and protocol upgrade set to achieve the best possible returns. The algorithm uses several parameters, such as B. a better price, lower gas fees and slippage as well as an optimized routing. As a result, users no longer have to take care of these aspects and possibly higher fees when exploring alternative routes. Instead, Openocean Atlantic ensures that you get the best out of every swap.

The OpenOcean Atlantic solution was subjected to strict tests by the team. Over 4,587 test cases for BSC were carried out to determine whether the higher returns were kept. The result shows that Atlantic is better in 60 % of cases, which gives him a strong competitive advantage over other leading Dex aggregators. With its native solution Paraswap and 1inch, the OpenOcean team experimented over several batches with different commercial volumes in various blockchains to carry out the tests. Openocean Atlantic also performed quite regularly in the case of tests carried out in parallel.

In addition to the Openocean Atlantic upgrade, the team also improved the routing algorithm, the front page and the roadmap. The trade terminals will be revised shortly and offer extended functions. A future update will, for example, to bring Stopless and Limit Order to Openocean Atlantic, which will eliminate the need for users to wait or avoid certain market conditions. A further addition that you can look forward to in the future is the network trade for volatile assets.

In addition, Openocean carries out continuous optimizations and improvements to its products and services. The focus is on improving spot trade and aggregation from derivatives, two functions from which retailers will benefit worldwide. The team also examines opportunities for margin trading in order to enable greater capital efficiency in this trade segment.

Openocean was started in September 2020 and has reached numerous milestones since then. The technology stack has been running smoothly for over a year and currently comprises ten networks and over 50 stock exchanges. There are also over 350,000 active addresses on the platform. Ooe, the native utility token, was introduced in July 2021 and is used for governance votes, trading functions and services as well as the provision of liquidity.

About Openocean

Openocean is a full-chain aggregation protocol from a single source that acts as a bridge between Defi and Cefi. It eliminates the fragmentation that exists within the defi ecosystem by providing users via a single user-friendly surface access to the entire cryptom market. Users enjoy full access to aggregated liquidity and best prices from a wide range of centralized and decentralized stock exchanges.