OpenOcean aggregates liquidity from both centralized finance (CeFi) and decentralized finance (DeFi), ensuring better lending, trading, yield generation, and insurance experience for its users.
OpenOcean, A Leading Aggregator on the BSC
OpenOcean is the newest innovation the world has ever seen. The first aggregator provides a passage towards trading and pools liquidity from both DeFi and CeFi. This means that it is the number one platform for swaps between various top exchanges. It enables access to semess seals using both DeFi and CeFi liquidity.
The protocol has a long-term goal of connecting both financial worlds to support seamless crypto trading aggregation. OpenOcean wants to help customers, including individual investors and institutions, make transactions at reasonable prices while also using their preferred investment strategies for their favorite cryptocurrencies.
The protocol offers the lowest slippage for traders, followed by the best prices. OpenOcean also intends to launch its combined margin products and unique equity management products in the future. That said, there will be more yield-generation, lending, and whole aggregation. But what is full aggregation?
What is Full Aggregation?
Full aggregation, means that OpenOcean offers full user coverage, derivatives, lending and insurance products aggregation, cross-chain support, DeFi trading aggregation, and lastly, connecting DeFi and CeFi through CeFi trading aggregation.
OpenOcean supports cross-chain relations between the BSC, Ethereum, and other public chains using the Binance bridge. There are also plans to help direct cross-chain transactions in the future as soon as there is enough infrastructure. One essential aspect of OpenOcean is that it supports not only DeFi users but also CeFi users. All these and other exciting features stated above all makeup for its full aggregation.
Centralized Exchanges on OpenOcean
Presently, Binance is the first centralized exchange to become integrated into OpenOcean. With this, the platform becomes the first complete aggregator to provide easy public access.
The benefits of this partnership include:
Finding the lowest price between defi and cefi exchange.
One login required on OpenOcean
Exchange on CEX and withdrawal to multiple chains.
Arbitrage transactions between DEXes and CEXes.
VIP Membership with OOE Token.
Asides from the benefits of its centralized integration of Binance, holders of its token have huge benefits. They include:
Governance Participation — $OOE Token holders can vote in the growth of the community.
Gas Fees & Slippage Subsidies — Traders can benefit from a reduction in gas fees and slippages.
Margin Collateral while Lending
Liquidity Mining — Multiple LP pairs, including OOE/ETH, OOE/USDT, OOE/DAI, OOE/BNB, OOE/BUSD, will be available on ETH, BSC, ONT, TRON chains and available for liquidity mining.
CEX Trading VIP Membership —Token holders which meet a minimum requirement will benefit from trading fee subsidies, withdrawal fee subsidies, take/maker fee premiums, and access to institutional-grade PME arbitrage tools.
Also, the above benefits apply to DeFi users.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.