Polygon adds another feather to its cap, as OpenOcean, a DeFi & CeFi full aggregation protocol, added Polygon aggregation to it’s a platform. The inclusion of Polygon would help OpenOcean offer its users the best pricing with low slippages.
The Features of OpenOcean
As a crypto aggregator, OpenOcean supports multiple network interoperability. It sources liquidity and optimizes trades on DeFi and CeFi. Its service is present across multiple public blockchains, including the leading ones like Ethereum, Binance Smart Chain, Tron, Solana, and more.
At its core, what OpenOcean aspires to build is an efficient bridge that would connect the dots in the otherwise fragmented DeFi and CeFi markets. Its deeply optimized intelligent routing algorithm keeps looking for the best prices at no additional fees and the lowest slippage possible. Apart from helping users find the best deal in the market, OpenOcean also functions as a provider of API and arbitrage tools.
It aggregates all types of crypto trading instruments, including swaps, derivatives, yield, lending, and insurance products. It also wants to keep launching its combined margin products and continue with its intelligent wealth management service.
The Features of Polygon
The core USP of Polygon is that it helps overcome the inherent issues of Ethereum, including its slow speed and high gas fees. But, polygon achieves this enhancement without compromising on security. As a protocol, Polygon helps build and connect Ethereum-compatible blockchain networks. With its SDK, a modular and flexible framework, Polygon has already helped build and connect Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Polygon POS.
The brilliance of its Ethereum-scaling and infrastructure development capabilities are evident from its adoption numbers. To date, more than 400 Dapps have adopted Polygon, registering nearly 350 million transactions and more than 1.5 million unique users.
The Significance of the Collaboration
Incorporating Polygon was a decision taken by the OpenOcean community. OpenOcean conducted a Twitter poll asking its community of users which network they wanted to see incorporated next. More than 48% of the users voted for Polygon, followed by Solana, with a little over 32%. Once the incorporation of Polygon comes into effect, traders will be using OpenOcean’s platform to source liquidity from Polygon’s exchanges and trade assets.
To encourage the adoption of Polygon on OpenOcean, OpenOcean will be offering 100,000 of its native tokens for users routing their transactions through Polygon in the next two weeks. OOE is the native token of OpenOcean.
OpenOcean has further plans to release cross-chain aggregations, enabling users to trade and transfer assets across different chains and pairs.