5
0
We are excited to announce the expansion to the Cronos blockchain. The Cronos chain is the first EVM-compatible chain built on the Cosmos SDK, which allows the rapid porting of dApps and smart contracts from Ethereum’s EVM compatible chains and will help in accessing even greater liquidity!
“We’re always on the lookout for more opportunities to expand our community’s choice. As soon as the Cronos listing was on the horizon, I knew we had made the right decision. Cronos is able to offer OpenOcean exceptional liquidity with all the familiarity of an Ethereum-like environment”
- Cindy Wu, Co-founder OpenOcean
We didn’t just cold launch on Cronos, we’ve launched with leading DEXes and limit orders available from the get-go. This is a significant opportunity to put-to-use OpenOceans’ deep liquidity and unique algorithmic-route-finding on the Cronos chain- this opportunity exists and it’s why we’re dipping our toes in.
We have integrated most of the major liquidity sources on Cronos: VVS Finance, Ferro Protocol, MM Finance, Annex, CronaSwap, Crodex. With OpenOcean’s improved algorithm and deep liquidity sources, our platform gives better returns than other DEXs or DEX aggregators based on multiple parameters, including better prices, lower gas fees, lower slippage, and optimized routing.
Swap 1,000 $CRO to $USDT on OpenOcean; users get $0.17 extra from OpenOcean compared with using any DEX directly.
While swapping larger amounts like 1,000,000 $CRO to $USDT via OpenOcean, users get $7,838 extra from OpenOcean compared with using a DEX directly. As shown in the above image, our algo splits routes to different DEXs to help find the best routes for users to get the best final swap returns.
Apart from swaps, we also provide limit order functionality on Cronos for traders to get their set desired price for any supported tokens. Along with OpenOcean’ aggregation protocol, we implement both AMM & RFQ mechanisms in limit order function to help efficiently raise the fulfillment rate. OpenOcean is the only DEX aggregator with a full charting suite built for both swaps and limit order trades. Together with TradingView, we can cater to all kinds of users to execute their investment strategies and enjoy a CEX-like trading experience.
Cronos is the first EVM blockchain network to integrate with both the Ethereum and Cosmos ecosystems, supporting DeFi, NFTs, and the metaverse. Builders on Cosmos can instantly port apps and crypto assets from other chains including IBC assets at low cost, high throughput, and with fast completion. Cronos is supported by Crypto.com, allowing developers to get access to and target a base of 50+ million users globally. We are always aiming to scale the Web3 user community, so it made sense to help native network users access cheap swaps whenever they want.
First, make sure you have a wallet that supports Cronos, such as MetaMask, DeFi Wallet, etc. If you are not an existing Cronos user, you can add Cronos to your wallet and start bridging assets using the Multichain, Cbridge and Synapse- these bridges facilitate cross-chain transfers of crypto assets between multiple chains. To learn more about how to trade on Cronos, read the guideline in OpenOcean’s docs.
OpenOcean is the only DEX aggregator on Cronos that can provide a reliable API, SDK and widget for any protocol. OpenOcean API 3.0 is an easy-to-use API for individuals or projects that need non-custodial functions such as price quotes, token swaps, transfers, and trade tracking. And the OpenOcean widget is incredibly easy to implement within minutes and is fully customisable.
The OpenOcean API gives the best swap returns by implementing our superior algorithm for supported 17 blockchains, now Cronos is included! We have a competitive edge in response time (200ms on average), allowing for instant price quotes.
We offer detailed API & SDK guidelines to assist in the integration process and our tech team is more than happy to help with any integration-related issues. Reach out to us through Discord or Telegram.
About OpenOcean
OpenOcean is the most efficient DEX aggregator, integrating major DEXs across 17 blockchains. OpenOcean’s intelligent routing algorithm optimizes swaps for maximum returns and is completely free to use!
Website | Twitter | Telegram | Telegram Announcements | Discord
OpenOcean now expands to Cronos! was originally published in openoceanfinance on Medium, where people are continuing the conversation by highlighting and responding to this story.
5
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
