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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The following protocols will be immediately available via OpenOcean on Harmony: DeFiKingdoms, Defira, Synapse, Curve, SushiSwap, FoxSwap, and ViperSwap.

The Most Efficient DEX Aggregator on Harmony

OpenOcean’s improved algorithm and increased liquidity sources have given the platform a competitive edge over other DEXes, giving the best returns based on multiple parameters, including better price, lower gas fees, lower slippage, and optimized routing.

(Below are examples showing how OpenOcean gives users maximum returns on Harmony.)
Swap 10 $1USDC to $WONE on OpenOcean; users get an extra $0.02 from OpenOcean compared with using any DEX directly.
While swapping with a larger amount on OpenOcean, such as 100 $1USDC to $WONE, users get an extra $0.04 from OpenOcean compared with directly using a DEX.
As shown above, OpenOcean splits the routes into several DEXes and optimizes the route to get users the best trade.

The Harmony Network can free users from being lock on a single platform through its interoperability, which harmony’s bridges can connect any Proof-of-Work and Proof-of-Stake chains. The blockchain offers bridging services between BNB Smart Chain (BNB), Ethereum (ETH), Bitcoin (BTC), and other networks.

How to get started with Harmony

First, make sure you have a wallet that supports Harmony, such as MetaMask, Trust Wallet, or SafePal Wallet. Check out the OpenOcean wallet connection page to view the list of supported wallets.

Next, if you are not an existing Harmony user, add Harmony to your wallet and start bridging assets using the Horizon Bridge, which facilitates cross-chain transfers of crypto assets between Ethereum, BNB Chain, and Harmony. Bitcoin holders can use a trustless Bitcoin Bridge at btc.harmony.one. Before being able to swap on the OpenOcean Harmony network, go to harmony.supply to receive 0.01 ONE (Harmony’s native token) to pay for transaction fees applied during swaps.

ABOUT Harmony Protocol
Harmony is a layer-1 blockchain using sharding and Effective Proof of Stake to achieve scalability, security, and decentralization. The network features trustless cross-chain bridges and four shards, which process transactions in parallel. Effective Proof of Stake encourages decentralization of validators, and sharding shares the network’s load among validators, delegators, and users.

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ABOUT OpenOcean
OpenOcean, the most efficient DEX aggregator and the smartest CeDeFi aggregator, integrates major DEXes across 17 public chains and a CEX (Binance). OpenOcean’s intelligent routing algorithm optimizes trading for the maximum returns and is free to use! As a CeDeFi aggregator, OpenOcean also provides automatic arbitrage trading tools and supports grid trading functions. OpenOcean will soon support cross-chain swaps, and aggregate derivatives and launch advanced intelligent wealth management services.

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RESOURCES
Medium

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