Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

OpenOcean Atlantic Will Enhance And Disrupt Ethereum DeFi Come November 1st

CryptocurrencyNov 03, 2021 09:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
OpenOcean Atlantic Will Enhance And Disrupt Ethereum DeFi Come November 1st

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.

Continue reading on DailyCoin

OpenOcean Atlantic Will Enhance And Disrupt Ethereum DeFi Come November 1st
 

Related Articles

Qubit Finance suffers $80 million loss following hack
Qubit Finance suffers $80 million loss following hack By Cointelegraph - Jan 29, 2022

High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email