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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

OpenOcean stands as the premier full aggregator in the crypto space, merging liquidity from both decentralized finance (DeFi) and centralized finance (CeFi) to facilitate seamless trading. Our mission is to create a comprehensive platform that bridges the gaps between the disparate realms of DeFi and CeFi, fostering an inclusive ecosystem that caters to a diverse array of users in today’s fragmented market. We strive to empower both individual traders and institutional investors, enabling them to execute trades at optimal prices while implementing their personalized investment strategies across various crypto asset classes. By minimizing slippage, OpenOcean ensures that crypto traders achieve the most favorable prices available. Our innovative protocol employs an enhanced version of the Dijkstra algorithm, known as D-star, which effectively distributes routing across different platforms for superior rates. Furthermore, OpenOcean diligently evaluates the best prices available on decentralized exchanges (DEXs) and centralized exchanges (CEXs), guaranteeing that users can execute their orders at the most advantageous rates possible, ultimately enhancing their trading experience. This commitment to optimizing trading outcomes positions OpenOcean as an essential tool for anyone engaged in the dynamic world of cryptocurrency.

Description

A significant challenge associated with the initial generation of stableswap's closed liquidity pools is the fragmentation of liquidity, which prevents different pools from sharing their liquidity, thus resulting in increased slippage for users. Additionally, other stableswap designs typically necessitate the inclusion of multiple tokens of equivalent value within a pool, complicating the overall pool structure by requiring the pairing of liquidity provider (LP) tokens with various new tokens. This complexity severely limits the scalability of the system and negatively impacts the overall user experience. In response, Platypus introduces an innovative automated market maker (AMM) on the Avalanche network that features an open liquidity, single-sided AMM that autonomously manages risk according to the coverage ratio, thereby maximizing capital efficiency. Central to Platypus's architecture is the principle of asset liability management (ALM), which sets it apart as the pioneering platform to implement a single-variant slippage function in lieu of conventional invariant curves. Overall, the design of Platypus's open liquidity pool not only enhances capital efficiency but also significantly reduces slippage rates in comparison to traditional stableswaps, ultimately providing a more streamlined and effective trading experience. This advancement positions Platypus as a leader in the evolution of decentralized finance solutions.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Avalanche Yes 
Base App Yes 
MetaMask Yes 
Arbitrum Yes 
Aurora Yes 
BNB Smart Chain (BSC) Yes 
Core No 
Echidna Finance No 
Mantle Network Yes 
Ontology Yes 
PancakeSwap Yes 
PolyNetwork Yes 
PostgresML No 
Rootstock Yes 
Swoop Exchange Yes 
TRON Yes 
Telegram No 
WalletConnect No 
Yield Yak No 

Integrations

Avalanche Yes 
Base App Yes 
MetaMask Yes 
Arbitrum No 
Aurora No 
BNB Smart Chain (BSC) No 
Core Yes 
Echidna Finance Yes 
Mantle Network No 
Ontology No 
PancakeSwap No 
PolyNetwork No 
PostgresML Yes 
Rootstock No 
Swoop Exchange No 
TRON No 
Telegram Yes 
WalletConnect Yes 
Yield Yak Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

OpenOcean

Founded

2020

Website

openocean.finance/

Vendor Details

Company Name

Platypus

Country

United States

Website

platypus.finance/

Alternatives

Alternatives