CDS Collaboration Growing from OpenOcean to Cronos
Collaboration

Growing from OpenOcean to Cronos

371
Growing from OpenOcean to Cronos

To help traders access deeper liquidity for more effective swaps, OpenOcean is collaborating with Cronos, the first EVM-compliant chain.

The Cronos chain, the first EVM-compatible chain built on the Cosmos SDK, allows for the rapid conversion of dApps and smart contracts from Ethereum’s EVM-compatible chains. Thus, Cronos helps to access more liquidity.

The Cronos DEX Collector with the Highest Efficiency

Most of the key liquidity sources of Cronos are integrated, including Annex, CronaSwap, VVS Finance, Ferro Protocol, MM Finance, and Crodex. Cronos offers greater returns than other DEXs or DEX aggregators based on numerous metrics, including better pricing, cheaper gas fees, and efficient routing, thanks to OpenOcean‘s advanced algorithm and deep liquidity resources.

For example, users receive $0.17 more from OpenOcean when they exchange $1,000CRO for $USDT on the platform than they would receive using any DEX directly.

When users use OpenOcean to trade larger amounts such as $1,000,000 CRO to $USDT, they get $7,838 more than they would get if they used a DEX directly. In short, the algorithm divides the routes into various DEXs to help determine the optimal routes for users to get the best exchange returns.

About OpenOcean

It is the most efficient DEX aggregator integrating large DEX in 17 blockchains. Moreover, OpenOcean‘s intelligent routing algorithm optimizes swaps for maximum returns and is completely free of charge.

About Cronos

With support for DeFi, NFTs, and the metaverse, it is the first EVM blockchain network to interact with both the Ethereum and Cosmos ecosystems. In Cosmos, developers can immediately move applications and digital assets to other chains. Thus, IBC assets are included at a reasonable cost, with high yield, and quickly. 

References

www.smartliquidity.info

Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Vietnamese Tech Firm Partners with Nvidia to Build 200M Dollars AI Factory

Vietnamese IT firm FTB and Nvidia are teaming up to build a...

Hong Kong Bitcoin and Ethereum Spot ETFs, Aiming to Cement Status as Crypto Center

On Monday, Hong Kong gave the green light to numerous spot Bitcoin...

Winklevoss Twins Invest 4.5M Dollars of BTC, Become Co-Owners of Bitcoin Soccer Club

The Winklevoss twins are backing Bitcoin podcaster Peter McCormack's vision to elevate...

Microsoft and AWS commit 17.9 billion Dollars to develop AI technology in Japan as part of US deal

As part of the agreement, Microsoft and Amazon Web Services have committed...