A DeFi and CeFi aggregator, OpenOcean, has now integrated Avalanche with its principal DEXes Baguette, Lydia.Finance, SushiSwap, Trader Joe, and Pangolin. This assimilation buys liquidity from numerous Avalanche DEXes, giving users the best price benefits and low volatility while exchanging Avalanche-centric resources on OpenOcean. OpenOcean has roped in several DEXes, and Avalanche is another feather in its cap along with the Binance-supported CEX and erstwhile DeFi platforms. OpenOcean co-founder, Cindy, said that in the wake of support received from 10,000 community members, the assimilator took the step to integrate DeFi’s most trusted partner into the ecosystem.
The convenience and supremacy of OpenOcean’s token $OOE have been assigned on Avalanche. $OOE can be swapped to and from Avalanche and Ethereum via the AnySwap bridge. To complete the swap, customers need to opt for the ‘AVAX Mainnet’ wallet and connect it to initiate the shift between Avalanche and Ethereum. AB Bridge was launched by Avalanche some time back to shift identifiable ERC-20 tokens to and from Avalanche and Ethereum. This was done to enhance interoperability and take care of the problem of individual blockchain networks. OpenOcean currently supports the AB Bridge. OpenOcean is also planning the release of cross-chain applications. This will help users to transfer and swap properties at the most affordable price across Avalanche and Ethereum.
Avalanche has been growing at a breakneck speed as a blockchain ecosystem since its inception in September 2020. OpenOcean integrated Avalanche due to its superior protocol and stellar reputation of building over 230 top-tier DeFi projects like The Graph, Circle, Chainlink, and SushiSwap. OpenOcean and Avalanche protocols can together work to provide immense worth to users. According to Avalanche forecast reports, Avalanche is the fastest in the blockchain sector from the point of a smart contract, measured in real-time. It has the maximum number of validators ensuring safety for any proof-of-stake procedure.