DeFi and CeFi Full Aggregator OpenOcean unites Polygon to expand its trading universe


Location / Date: Tortola, British Virgin Islands – July 9, 2021 10:08 am UTC 3 minutes read
Contact: Phoebe, Source: OpenOcean

Photo: OpenOcean Blog

OpenOcean, a pioneering DeFi & CeFi full aggregator that supports interoperability across multiple networks, is excited to announce Polygon aggregation to expand its trading universe and offer users the best prices with low slippage.

The decision to aggregate Polygon was influenced by the community. When OpenOcean request its community which network they wanted to see aggregated next, 48.7% of the 44K + votes were for Polygon, far more than any other network.

Commenting on the polygon aggregation, OpenOcean co-founder Cindy said:

“We have learned that our DeFi users and merchants have a strong preference for us to aggregate more open and powerful Ethereum-enabled blockchain networks that offer cheaper and faster transactions.”

Polygon is a protocol and framework that overcomes Ethereum’s inherent issues such as slow speeds and high gas costs without sacrificing security.

OpenOcean’s aggregation protocol provides liquidity and optimizes transactions on DeFi and CeFi on major public blockchains such as Ethereum, Binance Smart Chain, TRON, Solana, etc.

After Polygon aggregation, traders will be able to use OpenOcean’s one-stop-shop trading platform to source liquidity from Polygon exchanges and trade assets at the best prices and with low slippage.

OpenOcean plans to organize commercial mining to encourage users to transact on Polygon. It will offer 100,000 of its native OOE tokens to users who transact on Polygon through OpenOcean over the next 2 weeks.

In the coming weeks, OpenOcean will release cross-chain aggregations that will allow users to trade and transfer assets across different chains and pairs. The transfer of assets between different public chains is possible through cross-chain bridges and protocols, such as Matic Bridge V2.

About OpenOcean

OpenOcean is the world’s first comprehensive aggregator that serves as a bridge connecting isolated islands in the currently fragmented DeFi and CeFi markets. It finds the best price with no additional fees and lowest slippage for traders on aggregated CeFi and DeFi using a deeply optimized smart routing algorithm. The platform also provides API and arbitrage tools for users to automatically perform arbitrage trades.

In addition to the aggregation of swaps, OpenOcean will continue to aggregate derivatives, yield, loan and insurance products and will launch its own combined margin products and a smart wealth management service.

Stay tuned: Blog | Twitter | Telegram | Discord

About the polygon

Polygon is a protocol and framework for creating and connecting blockchain networks compatible with Ethereum. It is the first well-structured and easy-to-use platform for scaling and developing Ethereum infrastructures. Its main component Polygon SDK is a modular and flexible framework that supports the creation and connection of secure chains such as Plasma, Optimistic Rollups, zkRollups, Validium, etc. and stand-alone chains such as Polygon POS.

Polygon’s scaling solutions have been widely adopted with over 400 Dapps, around 350 million transactions, and around 1.5 million unique users.

Stay tuned: Twitter | Reddit | Discord | Telegram


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