OpenOcean Expands to Harmony Network
Expanding to the fast-growing Harmony blockchain helps OpenOcean users access deeper liquidity and more options for efficient swaps.
OpenOcean continues conquering more DeFi space and is thrilled to announce the aggregation of Harmony, an energy-efficient blockchain that has cross-chain capabilities, offers lower gas fees and has a considerable potential for nonfungible tokens (NFTs). 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.
Why Harmony?
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.
The Harmony Network can free users from being locked on a single platform by 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.
To learn more about how to trade on Harmony, read the guideline in OpenOcean’s docs.
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, aggregate derivatives and launch advanced intelligent wealth management services.
