OpenOcean, a DeFi and CeFi aggregator, has now integrated Avalanche with its leading DEXes Baguette, Lydia.Finance, SushiSwap, Trader Joe and Pangolin. This inclusion buys liquidity from multiple Avalanche DEXs, giving users the best price gains and low volatility while exchanging avalanche-focused resources on OpenOcean. OpenOcean has participated in a number of DEXs, and Avalanche is another feather in its cap, along with the Binance-backed CEX and predecessor DeFi platform. Cindy, co-founder of OpenOcean, said that in the wake of the support it has received from 10,000 community members, Assimilation has taken steps to integrate DeFi’s most trusted partner into the ecosystem.
The convenience and supremacy of OpenOcean’s token $OOE is assigned to Avalanche. $OOE can be swapped to and from Avalanche and Ethereum via the AnySwap bridge. To complete the swap, customers need to select the ‘AVAX Mainnet’ wallet and connect it to initiate the transition between Avalanche and Ethereum. AB Bridge was launched sometime back by Avalanche to transfer identifiable ERC-20 tokens from Avalanche and Ethereum. This was done to increase interoperability and take care of the problem of individual blockchain networks. OpenOcean currently supports AB Bridge. OpenOcean is also planning to release cross-chain applications. This will help users to transfer and swap assets in Avalanche and Ethereum at the most affordable prices.
Avalanche as a blockchain ecosystem has been growing at an alarming pace since its inception in September 2020. OpenOcean integrates Avalanche due to its superior protocol and stellar reputation of building over 230 top-level DeFi projects such as The Graph, Circle, Chainlink, and Sushi Swap. OpenOcean and Avalanche Protocol can work together to provide immense value to users. according to avalanche forecast According to the report, Avalanche is the fastest in the blockchain space in terms of smart contracts measured in real time. It has the maximum number of validators ensuring security for any proof-of-stake process.
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