OpenOcean Finance

OpenOcean is a decentralized exchange (DEX) aggregator. It sources liquidity from different DeFi markets and facilitates cross-chain swaps. Thanks to its routing …

OpenOcean Finance

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.