OpenOcean.Finance

About OpenOcean.Finance

{"time":1705072523080,"blocks":[{"id":"u5T-Vz9iGF","type":"header","data":{"text":"Highlights","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"bAh15slw16","type":"list","data":{"style":"unordered","items":["OpenOcean offers one-stop trading for the best prices across DeFi and CeFi","OpenOcean is the first on-chain crypto aggregation protocol that captures liquidity across multiple DEXs and CEXs and finds the best price in low slippage for traders without any protocol fees.","The OpenOcean team developed the protocol of OpenOcean.Finance"]},"tunes":{"alignment":{"alignment":"left"}}},{"id":"tVEVhPbZJx","type":"header","data":{"text":"Product","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"jY6LsH4zhz","type":"header","data":{"text":"OpenOcean serves as a bridge between DeFi and CeFi.","level":1},"tunes":{"alignment":{"alignment":"left"}}},{"id":"H0JX3gSaGV","type":"paragraph","data":{"text":"As an aggregator, OpenOcean aims to build an ecosystem that benefits all types of users within the current fragmented market. Everyone can apply their own investment strategies to various crypto asset classes, regardless of whether they are a small individual investor or a large institution.\n"},"tunes":{"alignment":{"alignment":"left"}}},{"id":"NOcU0y9jF0","type":"image","data":{"file":{"url":"https://assets.polkastarter.com/ue0bqbz0qldhn3esypq339qzaqi7"},"caption":"","withBorder":false,"stretched":false,"withBackground":false,"url":"https://assets.polkastarter.com/ue0bqbz0qldhn3esypq339qzaqi7"}},{"id":"NpV67pASdI","type":"header","data":{"text":"Problem","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"cnj9D6iEOc","type":"header","data":{"text":"Cryptocurrency markets are fragmented and have asymmetric information.","level":1},"tunes":{"alignment":{"alignment":"left"}}},{"id":"yWeBIIF-sW","type":"paragraph","data":{"text":"This in turn makes trading inefficient when trading across various exchanges as well as public chains."},"tunes":{"alignment":{"alignment":"left"}}},{"id":"0o2liYRjHk","type":"header","data":{"text":"Solution","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"zl3pfKkawJ","type":"header","data":{"text":"OpenOcean’s protocol provides the best price for its users.","level":1},"tunes":{"alignment":{"alignment":"left"}}},{"id":"PzrWXq3Cae","type":"paragraph","data":{"text":"In the fragmented decentralized markets, OpenOcean offers a one-stop entrance to increase their trading efficiency. OpenOcean finds the best prices and lowest slippage possible for users through utilizing an optimized version of the Dijkstra algorithm (D-star), which splits routing between different protocols for better transaction rates.\n"},"tunes":{"alignment":{"alignment":"left"}}},{"id":"0GX2M94ppJ","type":"image","data":{"file":{"url":"https://assets.polkastarter.com/9mnvknycou9olr1n6j3avev6tdbp"},"caption":"","withBorder":false,"stretched":false,"withBackground":false,"url":"https://assets.polkastarter.com/9mnvknycou9olr1n6j3avev6tdbp"}},{"id":"vt9eIIl34k","type":"header","data":{"text":"Business Model","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"5OyBLZ_3gz","type":"header","data":{"text":"OpenProtocol does not charge any protocol fees.","level":1},"tunes":{"alignment":{"alignment":"left"}}},{"id":"udWhnD3xmH","type":"paragraph","data":{"text":"Instead, the revenue stream is generated from tailor-made user interfaces, primary membership editions, combined margin products, and an intelligent wealth management system."},"tunes":{"alignment":{"alignment":"left"}}},{"id":"t_T9Ll5gqx","type":"header","data":{"text":"Market","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"UArEG2obgg","type":"header","data":{"text":"OpenOcean is the world’s first leading CeFi and DeFi aggregator for cryptocurrency trading.","level":1},"tunes":{"alignment":{"alignment":"left"}}},{"id":"zeBmmm3_Ex","type":"paragraph","data":{"text":"This means that it aggregates both centralized as well as decentralized exchanges, which none of the competitors do, and alongside that, OpenOcean works on the aggregation of derivatives, yield-generation, lending, insurance products on CeFi and DeFi, and will launch their own combined margin products and intelligence wealth-management products."},"tunes":{"alignment":{"alignment":"left"}}},{"id":"zocSFfGiR2","type":"header","data":{"text":"Investors","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"2LNu7uaMnF","type":"header","data":{"text":"OpenOcean raised $150,000 on Polkastarter.","level":1},"tunes":{"alignment":{"alignment":"left"}}},{"id":"SY-AMWSVfa","type":"paragraph","data":{"text":"The main investors of OpenOcean include Binance, Huobi Ventures Blockchain Fund, Multicoin, CMS Holdings, Kinetic, Altonomy, LD Capital, OKEX Blockdream Ventures, DaoMaker, FBG Capital, Tron Foundation, Polkastarter, LIAN Group.\n"},"tunes":{"alignment":{"alignment":"left"}}},{"id":"9HvtT3ToX0","type":"image","data":{"file":{"url":"https://assets.polkastarter.com/ztt4ltules92nxv4femcaq2aumzb"},"caption":"","withBorder":false,"stretched":false,"withBackground":false,"url":"https://assets.polkastarter.com/ztt4ltules92nxv4femcaq2aumzb"}},{"id":"5-ibfHR84z","type":"header","data":{"text":"Team","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"baq5VB-SAa","type":"list","data":{"style":"unordered","items":["Leo Syue (Co-Founder)","Cindy Ng (Co-Founder)","Lawrence Lau (Smart Contract Development)","Yip Tsai (UI)"]},"tunes":{"alignment":{"alignment":"left"}}},{"id":"Yx9STW-f0v","type":"header","data":{"text":"Token Utility","level":6},"tunes":{"alignment":{"alignment":"left"}}},{"id":"movCeW6qC6","type":"header","data":{"text":"$OOE is a governance as well as utility token.","level":1},"tunes":{"alignment":{"alignment":"left"}}},{"id":"DIPZXOASa4","type":"paragraph","data":{"text":"$OOE enables utility for users of the protocol and lets the community participate in the governance of OpenOcean.Finance. Additionally, $OOE token holders can utilize tokens in trading functions, participate in governance through voting and provide liquidity as well as a stake to earn or even HODL."},"tunes":{"alignment":{"alignment":"left"}}}],"version":"2.27.0"}