OpenOcean

Thing ∙ ID: 10981

OpenOcean is a decentralized exchange aggregator that sources liquidity from various DeFi markets and enables cross-chain swaps. It uses a routing algorithm to find the best prices across exchanges, offering low slippage and fast settlement. The protocol collects data from major decentralized and centralized exchanges, supporting multiple blockchains and layer-two solutions. Users can place limit orders and provide liquidity without paying fees to OpenOcean. The platform also aggregates derivative products and plans to offer wealth management services. Its vision is to create a comprehensive crypto trading aggregator connecting DeFi and CeFi markets, providing automated trading strategies and arbitrage tools. OpenOcean launched in July 2021 with anonymous founders and operates without a central location.