OpenOcean Releases a Wave of Summer Updates for Exquisite Trading Experience

OpenOcean's latest UI/UX updates include a TradingView tool and limit order upgrades for more advanced trading operations.

By
Soumen Datta
on
August 1, 2022
Category:
NFT

Crypto Trading Made Easier

OpenOcean, a Decentralized Exchange (Dex) aggregator launched in September 2020 and operating across 17 chains, has released its latest updates.  Besides a new user interface, the DEX aggregator has added a TradingView tool, and limit order upgrades for more advanced trade execution.

"To cater to all levels of users, we deploy new exciting features to improve the trading experience. TradingView charts are now integrated to better support trading ideas and strategies,” Oliver from OpenOcean told BSC News. “Further, our upgraded limit order mechanism highly increases the fulfill rates." 

Initial pairs available for limit order trading are ETH/BUSD, ETH/USDT, ETH/USDC, WBNB/BUSD, WBNB/USDT, and WBNB/USDC

According to an exclusive release shared with BSC News, OpenOcean has launched the latest UI/UX improvements aimed at improving the trading experience. Let’s take a look at the new updates.

Integration of Trading View Analytics: 

The TradingView charts application caters to the needs of more advanced users, although the original simpler charting package remains available. With TradingView, users can perform accurate technical analysis to help develop trading strategies.  These tools include widley referenced indicators such as trend lines, moving averages and Fibonacci retracements and extensions:

Source: OpenOcean
Source: OpenOcean
Source: OpenOcean

Enhanced Limit Order with Optimal Fulfillment Rate 

In addition to the current Request for Quote (RFQ) feature, OpenOcean has added Automated Market Maker(AMM) pools to enhance liquidity. 

“With the advantage of the combination of both mechanisms together with OpenOcean’s aggregated deep liquidity across almost all major DEXs, the OpenOcean limit order function significantly increases the limit order fulfill rate, which helps users to secure even tiny trading opportunities,” OpenOcean mentions in the Press Release.

Additionally, OpenOcean's limit orders won't lock tokens from traders, and users will not need to pay gas fees to create or cancel orders. The limit order will support support trading across five chains, including Ethereum, BNB Chain, Avalanche, Fantom, and Polygon. Further, you can access limit orders on all token pairs, including pairs without pools.

The routing aggregator ensures matching even in pairs that do not have dedicated AMM pools.  “Our routing algorithm will find the most efficient paths for the swap, even if a pool does not exist on a DEX for the pair,” OpenOcean said.

Referral Program

The referral program rewards users for brining in new users.  The program is running on four chains (Ethereum, BNB Chain, Avalanche, and Fantom), according to the DeX aggregator. The referrer receives OpenOcean(OOE) tokens worth 30% of your referral's gas spending on OpenOcean, while the new user receives a 20% rebate. The exact amount is determined at the time of the claim, and at least one month must elapse between claims.

In order to integrate more networks into its protocol, OpenOcean has sought partnerships across chains. Some recent collaborations include Synthetix, Aurora, and networks such as Harmony and Optimism

Source

What is OpenOcean:

OpenOcean is a DEX aggregator that supports multiple chains like ETH, BSC, Fantom, Polygon, OEx, HECO, and ONT. Across all chains, OpenOcean aggregates 12 different exchanges, allowing users to receive optimal fills. Specifically, OpenOcean is the first DEX aggregator on the Binance Smart Chain (BSC), aggregating liquidity from multiple large exchanges. OpeanOcean ensures users buy tokens for the optimal price on the BSC, aggregating from all leading AMMs: PancakeSwap, Bakeryswap, StreetSwap, and BurgerSwap.

Where to Find OpenOcean: 

Website | Twitter | Discord | Telegram | Telegram Announcements |

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Soumen Datta

Soumen is an experienced writer with a background in Laser Physics. He has a passion for learning and is mainly interested in Defi, P2E gaming, and NFTs. His largest crypto holdings are BTC, ETH, SOL and DOT token.

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