OpenOcean describes itself as the first DeFi & CeFi full aggregator in the world. By using a highly optimized intelligent routing algorithm, OpenOcean seeks the best execution price, with no extra fees and minimal slippage, for traders across aggregated DeFi and CeFi.

OpenOcean positions itself as the world’s first and leading CeDeFi full aggregator focused on crypto trading. Its algorithms search for favorable prices and split trade routes so users can capture better rates, reduce slippage, lower gas expenses, avoid additional fees, and benefit from quick settlement. The platform is free to use; users only cover standard blockchain gas costs and exchange trading fees, which are set and charged by the exchanges rather than OpenOcean.

The aggregator works as a bridge between the separated “islands” of DeFi and CeFi, aiming to support a wider community despite today’s fragmented market. Traders of any size-from individual investors to large institutions-can implement their own investment strategies across different crypto asset classes. Whales and everyday users are both welcome-OpenOcean is built for everyone.

OpenOcean serves as a one-stop gateway for spot and derivative trading across DEXes and CEXes, targeting the best prices and lowest slippageOpenOcean uses a deeply optimized intelligent routing algorithm to find the best price and lowest slippage when trading on aggregated DEXes and CEXesOpenOcean also supplies APIs and a custom user interface so users can match their tools to a specific investment strategySwap transactions and cross-chain swap transactions (ETH, ETH Layer2, BSC, ONT, TRON and more)Arbitrage opportunities between DEXes and CEXes

OpenOcean also has its own token, $OOE, allowing participants to take part in governance, join liquidity mining, and receive additional benefits.

Looking ahead, OpenOcean plans to extend aggregation to derivatives, yield-generation, lending, and insurance products across both DeFi and CeFi, and to launch combined margin products and intelligent wealth management solutions.

MARKET STRATEGY

As a leading aggregator on Binance Smart Chain, they encourage users to use OpenOcean as an entry point to BSC by showing how to maximize profits through trading on OpenOcean at the best price, and then move on to other DeFi projects. OpenOcean also provides tools that help users compare pricing between CEXes and DEXes to support better choices.

They currently run promotional campaigns with swaps, wallets, and other projects across both communities. For instance, they partnered with Pancake and safepal wallet on BSC for campaigns that involved trading through OpenOcean. They’ve also collaborated with projects such as Reef and Seascape around token listings, encouraging users to trade those tokens on OpenOcean with competitive pricing. OpenOcean has additionally run campaigns with TrustWallet following the release of its mobile version.

They further attract users with 0 fee and slippage subsidy, while educating wallet users to treat OpenOcean as a starting point for BSC and DeFi trading.

OpenOcean continues to aggregate DEXes on established public chains like BSC, Ethereum, Ontology, and TRON, aiming to deliver improved pricing and more liquidity. They are also working on aggregating DEX ecosystems on Solana and other networks to expand the liquidity and asset options available to users.

In Q2 2021, it will list OOE token and conduct token airdrops. 2% of OOE token will be sent to eligible addresses as an incentive to users who traded on OpenOcean before token issuance. They will also begin liquidity mining on aggregated DEXes and CEXes, as well as on OpenOcean, to grow user numbers and trading volume.

In Q2 2021, OpenOcean will start aggregating derivative products. It will then expand to aggregate yield products, lending, and insurance products. After the supporting infrastructure is completed, it will launch combined margin products and intelligent wealth management.

By offering users a broad and well-rounded product suite, OpenOcean positions itself as the entry for traders.

Another key point is that OpenOcean provides institutional investors with a tailor-made user interface service to help support their investment strategies across aggregated CEXes and DEXes, helping drive substantial volumes to OpenOcean.

PRODUCT VIABILITY

Full aggregation to provide a single entrance to all mainstream crypto assets trading

1. DEX aggregation: Aggregates DEXes and supports cross chain transactions2. CEX aggregation: Further aggregates spot trading on mainstream CEXes3. Derivative and yield-generating products aggregation: Aggregates derivative and yield-generating products on both DEXes and CEXes

Intelligent routing and machine learning to offer best rates and lowest gas fees

1. Splits the order and applies an optimized algorithm (Dijkstra and D-star ) to help ensure users receive the best market price with reduced gas usage and minimal slippage2. Continuously improves route selection using machine learning powered by platform data3. Delivers the best price to users by comparing rates across aggregated DEXes and CEXes4. Helps protect user profits by subsidizing slippage losses with OOE tokens for OOE token holders