OpenOcean launches 1-click cross-chain swap aggregator
The DeFi landscape has been changing rapidly, and now more than ever, there exists a need for better cross-chain interoperability. OpenOcean has decided that a secure and accessible decentralized cross-chain platform is necessary. Today OpenOcean launches a new decentralized all-in-one hub where you can bridge, swap and transfer assets cross-chain. Now available on six different chains Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche and Fantom, all to bring you the absolute best trading returns.
We’ve integrated two major bridges Celer and Multichain. Using the OpenOcean routing algorithm in combination with bridging-support from our partners, we’re able to offer the most competitive rates across all of our supported chains.
Introducing OpenOcean Cross-Chain Swap
Best cross-chain swap rates
The cross-chain swap mechanism implemented by OpenOcean swap aggregation protocol now has a vastly improved algorithm and the deepest liquidity sources in the market. Furthermore, OpenOcean’s cross-chain algorithm finds the best cross-chain swap routes across all major networks and bridges. OpenOcean will automatically find the best available route for your swap and will maximize returns by comparing the estimated final received rates across bridges and taking the gas and bridge costs into consideration.
Most tokens supported — ‘TAT: Trade Any Token’
Traders are able to trade any whitelisted tokens from any supported source chain to any tokens on the destination chain. So far, we have the widest token support, offering cross-chain interoperable swaps between 1,100+ coins, significantly more than any other competitor.
Single Click Cross Chain Experience
OpenOcean provides an immediate whole cross-chain swap process for users without delays in quoting price & route structure, users only need to grant access to the swap saving a significant amount of time.
To empower the cross-chain trading experience, OpenOcean implements Celer’s IM Framework to deliver a one-time approval function. Each time users submit a swap request the message is transacted through the Celer State Guardian Network. This allows OpenOcean to offer a single-click cross-chain swap without complicated interactions across multiple blockchains.
All cross-chain swaps will be smoothly automated without any interruption. The semi-atomic swaps implemented by OpenOcean will help prevent the transaction from being interrupted and will seek to protect users’ funds due to any unexpected errors. E.g. When a user tries to swap USDC from Ethereum to ETH on Arbitrum, but gets interrupted while swapping on Ethereum, the USDC with the original amount will get returned to users’ source chain wallet.
Integrating major bridges
On OpenOcean, we initially integrated two major bridges — Celer cBridge and Multichain Bridge to satisfy different users’ needs for cross-chain asset transfer and to fulfill the need for interoperability. Looking to the future, we will continue to integrate more bridges to ease the need of interoperability in the growing Defi ecosystem.
Celer cBridge — Multi-blockchain asset bridge cBridge is a decentralized and non-custodial asset bridge that supports more than 140+ different tokens across 39 different blockchains and layer-2 rollups. Built with the Celer Inter-chain Message Framework, cBridge has processed billions of asset transfers for more than 300K unique users and is expanding into more blockchains and layer-2s.
Multichain Bridge — The Multichain cross-chain router enables the transfer of assets between multiple chains, regardless of whether they are native or created by the Multichain bridge. Utilizing Multi-party computation the Multichain router utilizes liquidity pools as well as bridged asset smart contracts to enable the highly cost-effective secure transfer of assets across multiple chains.
Get started with OpenOcean
Using the bridge is simple. Enter your desired tokens and chain, accept the permissions and the bridge will begin calculating the transaction. We use specific trade and bridge vectors to analyze and compare each transaction before it’s sent. Once a swap is priced and the tokens sent, transactions cross-chain are rarely interrupted thanks to the advanced barging technology employed by Multichain and Celer.
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It’s our hope that with the cross-chain tool we’ve introduced we will continue to be the best possible platform for customer freedom and value in the DeFi space.
Try OpenOceans smart cross-chain swap function today and have easier access to all the liquidity and tokens you need on Ethereum, Arbitrum, Polygon, BNB Chain, Avalanche and Fantom. We’re focusing on growing our bridge integrations via our extended network of partners to offer our users even more choice.
About Celer Network
Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.
About Multichain
Multichain is positioned as a decentralized cross-chain router to address the clear need for distinct and diverse blockchains to communicate with one another. Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. In addition, Multichain also powers the seamless data or message transmission across chains by anyCall, a cross-chain messaging protocol, enabling the building of cross-chain Dapps.
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March 2, 2023, new integration update:
To continue developing and evolving our cross-chain swap aggregator, OpenOcean is delighted to announce the integration of Stargate as one of our bridge providers:
Stargate is a fully composable liquidity transport protocol that lives at the heart of DeFi. Users can utilize Stargate to transfer value between various supported blockchains taking advantage of guaranteed finality for their transfers, low fees and deep liquidity. Developers can enable omnichain experiences within their products by utilizing Stargate’s deep liquidity and easy composability.
About OpenOcean
OpenOcean is the leading dex aggregator and cross-chain swap aggregator providing the best swap returns with intelligent routes on most chains.
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