OpenOcean integrates with Orbs’ LH

Published on: 13.03.2024
OpenOcean integrates with Orbs' LH

OpenOcean integrates with Orbs’ LH (Liquidity Hub). Liquidity Hub is a decentralized optimization layer that operates above Automated Market Makers (AMMs). This layer mitigates the problem of fragmented liquidity in DeFi, enabling DEXs to tap into external liquidity sources to provide better prices on swaps.

Rather than the usual method of searching for the optimal route within a particular DEX’s constrained liquidity pool, incorporating the Liquidity Hub software protocol enables DEXs to improve this process by leveraging extra liquidity sources.

Additional Sources

ON-CHAIN SOLVER AUCTIONS
Third-party solvers who compete to fill swaps using on-chain liquidity like AMM pools or their own private inventory.

DECENTRALIZED ORDERS VIA API
Decentralized limit orders, accessible using API. Enables institutional/professional traders, such as market makers, to submit bids and compete to fill swaps.

By using the Liquidity Hub software, decentralized exchanges like OpenOcean (DEXs) can try to carry out trades without passing through the Automated Market Maker (AMM) and facing its price impact. Should the Liquidity Hub fail to secure a trade at a superior price compared to the AMM, the transaction will revert to the AMM contract and proceed as normal.

What is OpenOcean?

OpenOcean stands out as the top DEX aggregator, merging various liquidity sources from numerous blockchains into a unified trading interface. This integration offers users a comprehensive trading solution. Through its intelligent routing algorithm, OpenOcean locates the most favorable prices from DEXes and divides the routes to ensure traders access the best prices with minimal slippage and swift settlement. The service is free to use, with users only required to cover standard blockchain gas and exchange fees charged by the exchanges, not by OpenOcean.

OpenOcean aggregates major decentralized exchanges across Ethereum, Layer 2s such as Arbitrum and Optimism, BNB Chain, Solana, Avalanche, Fantom and more, and is the first DEX aggregator on BNB Chain, Avalanche, Fantom, Solana and Gnosis.

OpenOcean Token

OOE serves as the governance and utility token for OpenOcean, offering utility to protocol users and allowing community involvement in governance. Holders of the governance token can influence the protocol’s direction by proposing suggestions and voting on protocol settings, as well as future DEX and chain aggregations.

OpenOcean x Orbs Network

OpenOcean is now accessible on the Orbs Network Liquidity Hub through this integration. Users can now exchange assets on Quickswap DEX and Thena Finance.

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