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Average Ratings 0 Ratings

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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

Opyn v2 provides European-style, cash-settled options that automatically exercise at expiration. With cash settlement, holders of the options are not required to deliver the underlying asset to exercise their options; instead, the settlement occurs in the collateral asset, and they receive the difference between the underlying asset’s price at expiration and the strike price from the sellers of the options. The Opyn options, known as oTokens, are in the ERC20 format, enabling their trading on any decentralized exchange that adheres to the ERC20 standard. One key motivation for investors to engage in options trading is the potential for income generation. Much like yield farming, options can be utilized to earn returns or create income regardless of market conditions. Traders can leverage options to use a smaller capital outlay while still gaining exposure to price movements of an asset. This approach offers similar market exposure to direct asset ownership but with reduced capital requirements, thereby enhancing leverage and providing greater flexibility within investment portfolios. Ultimately, the strategic use of options can significantly amplify potential returns while managing risk effectively.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Ethereum Yes 
MetaMask Yes 
Arbitrum Yes 
Aurora Yes 
Base App Yes 
Clipper DEX Yes 
DackieSwap Yes 
Huobi Wallet Yes 
Kava Yes 
Lattice1 No 
Ledger No 
Mantle Network Yes 
Metis Yes 
Moonriver Yes 
Rootstock Yes 
Scroll Yes 
Solana Yes 
TRON Yes 
Uniswap Yes 

Integrations

Ethereum Yes 
MetaMask Yes 
Arbitrum No 
Aurora No 
Base App No 
Clipper DEX No 
DackieSwap No 
Huobi Wallet No 
Kava No 
Lattice1 Yes 
Ledger Yes 
Mantle Network No 
Metis No 
Moonriver No 
Rootstock No 
Scroll No 
Solana No 
TRON No 
Uniswap No 

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 No 
iPad App No 
Android App No 
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

Opyn

Founded

2019

Country

United States

Website

www.opyn.co

Alternatives

Alternatives