We are pleased to announce the integration of OpenOcean, a comprehensive aggregation protocol for crypto trading, into Li.Finance. Cross-chain LiFi swaps will now have a new pathway that will be accessible through OpenOcean.
About Openocean
OpenOcean is a complete aggregation protocol for cryptocurrency trading that supports cross-chain swaps. It obtains liquidity from both DEXs and CEXs and determines the best way for users to execute their deals. Some of its characteristics that will be relevant to LiFi users are as follows:
1. Best Rates Across DeFi and CeFi β OpenOcean assists customers in locating the best rates for cross-chain transactions across 10 blockchain networks, 50+ DEXs, and CEXs.
2. High Trading Efficiency β Through its upgraded algorithm, OpenOcean provides customers with high trading efficiency, resulting in reduced slippage, better rates, faster reaction times, and optimal routes with fewer gas fees costs.
3. Enhanced Security β OpenOcean takes a security-first strategy to protect users from security flaws and other incidents. In addition to internal security auditing, they frequently cooperate with external partners to pass the most recent and leading industry standards. CertiK and SlowMist Technology have audited OpenOcean.
The OpenOcean aim and objective has always been to create a comprehensive crypto trading aggregator that enhances and promotoe capital efficiency and unites the isolated islands in the present fragmented DeFi and CeFi markets. Everyone, whether a tiny individual investor or a huge institution, should be able to trade at the best rates and apply their own investing methods to various crypto asset classes.
For more information aboout this, do well to watch this vide: https://youtu.be/5x92Z0jb ew
Weβre thrilled to have OpenOcean join the LiFi family!
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