[PRESS RELEASE – Road Town, British Virgin Islands, 1st November 2021]
OpenOcean Atlantic, the long-awaited upgrade of OpenOcean, will go live on the Ethereum network today, November 1, 2021. Users will benefit from maximum returns on swap rates that blow other DEX aggregators out of the water. In addition, OpenOcean prides itself on transparency regarding trading fees and providing an optimal user experience.
OpenOcean has always aimed to let users achieve the best trading experience and rates for digital assets across multiple networks without extra fees. Today, the project has become the optimal cross-chain swaps and derivatives aggregation provider in the cryptocurrency space. With its focus on transparency, unlocking greater capital efficiency, and intelligent wealth management, OpenOcean prepares to take the next step in this ongoing journey.
That next step involves the launch of OpenOcean Atlantic. The flagship product will bring more institutions to the vast ocean of crypto liquidity across different blockchains. Atlantic has a significant competitive edge over other DEX aggregators in more cases through an improved algorithm and better liquidity sources. In addition, its returns are far better than competing solutions on Ethereum due to incorporating various crucial parameters. For example, OpenOcean Atlantic provides better pricing, lower gas fees, less slippage, and optimized routing across networks and currencies to maximize the final returns.
OpenOcean has noted tremendous success on other blockchains, including Binance Smart Chain, Avalanche, Fantom, Solana, etc. The first-mover advantage gained by exploring these new blockchains helped the team establish its position in the broader DeFi industry. Bringing the solution to Ethereum strengthens OpenOcean’s position as the one-stop destination for the best trading experience and pricing.
The Ethereum launch of OpenOcean Atlantic coincides with enabling users to add tokens by themselves on the trading interface. All that is required is the token address to be pasted into the search bar and click the “Add” button. Keep in mind some tokens may have poor trading liquidity, and transactions may have a significant price impact.
Through gas price presets, users will have a smooth and efficient trading experience. Presets are taken on-chain to allow for real-time adjustments without intervention. However, issuers can opt for a custom fee if they prefer that option.
These upgrades provided in OpenOcean Atlantic mark an important milestone for the team. However, the work is not over, as more optimizations loom on the horizon. OpenOcean will keep achieving innovation and breakthroughs by researching new techniques and algorithm optimizations to provide the best rates when trading.
One of the future solutions to look forward to is on-chain derivatives aggregation. OpenOcean aims to tackle the derivatives market by providing access to the best-priced trades and liquidity across AMMs and order books. All of these aspects help traders capture trading opportunities and carry out trading strategies for both spot and derivatives trading. In addition, SaaS product subscribers will benefit from arbitrage trading opportunities and execute advanced strategies.
About OpenOcean
OpenOcean is a one-stop full chain aggregation protocol that acts as a bridge between DeFi and CeFi. It eliminates the fragmentation that exists within the DeFi ecosystem by giving users access to the entire crypto market via a single, user-friendly interface. Users enjoy full access to aggregated liquidity and best pricing from a wide range of centralized and decentralized exchanges.
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