OpenOcean now aggregates Polygon to expand its trading universe
OpenOcean now aggregates Polygon to offer users the best one-stop trading experience across DeFi and CeFi. Get the best prices with low slippage at OpenOcean.
OpenOcean and Polygon share common ideas about enabling DeFi users to fully own their digital assets, move them around, trade frictionless, fast, and with low transaction fees. Today, we are excited to announce that Polygon has been added to OpenOcean. Our aggregation protocol sources liquidity and optimizes trades on DeFi and CeFi across major public chains such as Ethereum, Binance Smart Chain, Solana, TRON and more. This means that traders now can use OpenOcean to source liquidity from Polygon exchanges and trade crypto assets at the best prices with low slippage — all on a one-stop trading platform.
Currently, Polygon runs a bridge — Matic Bridge V2 connecting the two networks and a dedicated wallet to simplify the process of transferring assets between the Ethereum and Polygon blockchains. In the near future, OpenOcean will release cross-chain aggregations that helps users trade and transfer assets across different chains and pairs at best price with low slippage. The transfer of assets across different public chains is possible via bridges and cross-chain protocols such as Matic Bridge V2, which enables transfer between Polygon and Ethereum. You can find a demonstration of OpenOcean cross-chain aggregation here, which includes Matic Bridge V2.
At the beginning stages, our aggregation is available for Curve, SushiSwap, QuickSwap, Cometh, Dfyn and PolyZap, while more protocols will be gradually added.
Get started
To get started, users can connect to the Polygon network with the MetaMask, then trade on Polygon via OpenOcean’s Classic or the Pro version. The classic version provides more mainstream ecosystem tokens unique to Polygon DEXes and features a familiar interface designed with beginner traders in mind. On the Pro version, we offer the most frequently traded tokens pairs with charting and price comparison between Polygon and Binance for more advanced users. Users can choose to trade either on Polygon with the best price or on Binance after price comparison within OpenOcean platform. Users can also use the spread information to take advantage of arbitrage trading.
For more information on how to setup your MetaMask wallet and get started trading on Polygon with OpenOcean, read our user guide here
Trade Mining on PolyGon with 100,000 OOE Giveaway
After integrating PolyGon, we will start trade mining for two weeks. There will be 100,000 OOE rewarded to this campaign. More details will be released on token launched day. Stay tuned!
Why Polygon
OpenOcean asked their community which network they would like to see aggregated next. The result was loud and clear with 48.7% of the 44k+ votes, Polygon!
“We have come to learn that our DeFi users and traders have a strong preference for more open and powerful Ethereum-compatible blockchain networks that offer cheaper and faster transactions” Cindy, OpenOcean Co-founder.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~350M txns and ~1.5M+ unique users.
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About OpenOcean
OpenOcean is the world’s first DeFi & CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and lowest slippage for traders across centralized and decentralized exchanges with no additional fees. As one-stop entrance, we aggregate major exchanges DEXes across 6 public chains, Ethereum, Ethereum Layer 2 (Loopring), Binance Smart Chain, Solana, Polygon, Ontology, TRON, and CEX on Binance. OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, and more cross-chain protocols and aggregate more DeFi & CeFi products such as derivative, lending & Insurance products.
The vision of OpenOcean is to build a full aggregator for crypto trading that serves as a bridge connecting the isolated islands in the current fragmented DeFi and CeFi markets. Regardless of being a small individual investor or large institution, everyone should have the opportunity to trade at the best prices and apply their own investment strategies on various crypto asset classes.
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