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OpenOcean Atlantic Outperforms Returns By Other Leading DEX Aggregators

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Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience

Road Town, BVI,, 19th October, 2021,

OpenOcean positions itself as the go-to place for best-priced cross-chain swaps. Its combination of margin pools for greater capital efficiency and intelligent wealth management services have attracted institutional interest. There is a vast ocean of liquidity in the cryptocurrency world, and OpenOcean makes it possible for anyone to dive right in.

The launch of OpenOcean V2, dubbed OpenOcean Atlantic, introduces a lot of new features. OpenOcean Atlantic runs across aggregated networks, including Binance Smart Chain, Avalanche, Polygon, Solana, and Fantom. There is also support for OKExChain, Tron, Ontology, and Heco. Later on, we will support Ethereum. Users will benefit from maximized returns outperforming any other DEX aggregator on the market. More importantly, all of these benefits are accessible free of charge.

OpenOcean Atlantic implements a superior algorithm and protocol upgrade set to trade for the best possible returns. The algorithm leverages multiple parameters, such as better price, lower gas fee & slippage, and optimized routing. As a result, users no longer need to worry about these aspects and potentially higher fees from exploring alternative routes. Instead, OpenOcean Atlantic will ensure you get the most out of each swap. 

The OpenOcean Atlantic solution underwent rigorous testing by the team. Over 4,587 test cases on BSC were conducted to determine if the higher-than-expected returns kept up. The result is showing Atlantic is better in 60% of the cases, giving it a strong competitive edge over other leading DEX aggregators. The OpenOcean team experimented with its native solution, ParaSwap, and 1inch across multiple batches with different trade volumes across different blockchains to conduct the tests. Even when tests were conducted in parallel, OpenOcean Atlantic came out top of the class rather regularly.

Beyond the OpenOcean Atlantic upgrade, the team has also enhanced the routing algorithm, front page, and roadmap. The trading terminals will be overhauled soon and offer enhanced features. For example, a future update will bring stop-loss and limit orders to OpenOcean Atlantic, removing the need for users to wait around or certain market conditions. Another addition to look forward to in the future is grid trading for volatile assets.

Furthermore, OpenOcean continues to make continuous tweaks and improvements to its products and services. The focus lies with improving spot trading and derivative aggregations, two features that will benefit traders globally. The team also explores opportunities for margin trading to enable greater capital efficiency in this trading segment. 

Launched in September 2020, OpenOcean has achieved numerous milestones since then. The technology stack has run smoothly for over a year and currently aggregates ten networks and over 50 exchanges. Moreover, there are over 350,000 active addresses on the platform. OOE, the native utility token, launched in July 2021 and is used for governance voting, trading function and services, and supplying liquidity. 

About OpenOcean

OpenOcean is a one-stop full chain aggregation protocol that acts as a bridge between DeFi and CeFi. It eliminates the fragmentation that exists within the DeFi ecosystem by giving users access to the entire crypto market via a single, user-friendly interface. Users enjoy full access to aggregated liquidity and best pricing from a wide range of centralized and decentralized exchanges.

For more information, please visit: https://blog.openocean.finance/ 

Stay Tuned:  

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BNBMatrix Releases Yield Farming Dapp on BUSD: BUSDMatrix

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BUSDMatrix

Today, we will talk about one of the most important things you should be thinking about and researching right now: crypto and the blockchain – and specifically, yield farming. Now, why do you think that this is so important? Cryptocurrency is going to forever change the way that we interact with the world and the Internet. Plus, what blockchain is really introducing is a revolution of sovereignty (Source: IN Groupe). It is certainly going to put the power back in your own hands. Many feel that this may be the single greatest moment of wealth transfer that any of us are going to live through.

If you, too, want to become a part of this revolution, now is the time to jump into the decentralized finance (Defi) scene and invest in yield farming. Since the summer of 2020, yield farming has been on fire. Many crypto investors have turned to yield farming to make even more profits with their capital.

What is Yield Farming?

Many people use terms like yield farming, liquidity providing, and staking interchangeably, but there are differences in what they mean and how much money you can make. Staking refers broadly to the rewards that you get through the validation process of a proof of stake. Blockchain staking and yield farming are similar in the sense that they allow investors to earn a return on their assets. However, yield farming is a bit more intense, meaning, it has the potential for a higher return for a crypto investor.

Here you are doing more than just putting your held coins in a stake pool to help facilitate transactions. Instead, you are allowing your coins to be used to facilitate transactions in a decentralized exchange. Decentralized exchanges are the decentralized apps (Dapps) on decentralized finance (Defi).

Let’s talk about the best decentralized app (dapp) for BUSD yield farming.

Introducing BUSDMatrix

BUSDMatrix.io is the latest venture by BNBMatrix. This platform is a smart contract on Binance Smart Chain (BSC) for BUSD Yield farming. It is a high-yield generating smart contract that promises 119% to 234% return on investment (ROI). The best part is that you can make a minimum deposit of just 5 BUSD!

Key Features of BUSDMatrix

Here are the highlights of BUSDMatrix:

  1. High Profit – BUSDMatrix gives stable high yield percentages of 7.8% to 17% on daily deposits based on a period of 7 days to 30 days.
  2. Safe and Secure – BUSDMatrix is a safe and secure smart contract that has been audited by HazeCrypto.
  3. 24/7 Customer Support – BUSDMatrix has a 24/7 customer support staff that you can contact via live chat on Telegram and social media accounts.
  4. User-friendly – BUSDMatrix offers a simple layout and design to make it easy to understand the platform.
  5. Referral Program – BUSDMatrix has a 5-level referral program for users to generate extra income.
  6. Supports Multiple Wallets – BUSDMatrix supports 64 different decentralized wallets on mobile browsers, and 4 on desktop browsers.
  7. Quick Deposit and Withdrawal – BUSDMatrix has a fast deposit and withdrawal processing. You won’t have to wait a long time to deposit or receive your money.

1638286026 107 BNBMatrix Releases Yield Farming Dapp on BUSD

Conclusion

Yield farming can be a great way to earn more money on the crypto that you plan to hold long term. Many people think yield farming is too risky, but it is actually a stable way of earning passive income. If you are looking for a yield farm that promises high profitability, then BUSDMatrix.io is the one. So, get ready to deposit your BUSD on this yield farming dapp to generate a high income!

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White Whale Releases Details on Flash Loan Architecture

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White Whale Releases Details on Flash Loan Architecture

Let’s break it down. Simply put, a flash loan is, as the name implies, a loan that is opened and closed in a very short amount of time. More specifically, it is opened and closed in the same transaction. Flash loans are used to execute atomic trades that either capitalize off of inefficiencies in the market or provide some other functionality to the borrower. Atomic trades are trades that can be finalized in one transaction and almost all on-chain arbitrage falls under this category. By now you hopefully realize how powerful this financial instrument can be. But with this power comes responsibility.

While White Whale is said to be the first to roll out flash loans on Terra (and the whole Cosmos!), a number of protocols already offer it on Ethereum. The sometimes bad connotation linked to flash loans is caused by a number of exploits that happened on Ethereum in which hackers used this tool to do so-called re-entrancy attacks.  Fortunately, CosmWasm (the smart contract language of Terra) is designed to avoid this kind of attack. When comparing CosmWasm to Ethereum’s smart contract language the developers state:

“A big difference is that we avoid all reentrancy attacks by design. This point deserves an article by itself, but in short, a large class of exploits in Ethereum is based on this trick .”

And,

“Cosmwasm avoids this completely by preventing any contract from calling another one directly.”

These precautions enable White Whale to provide this service without having to worry too much about other protocols being exploited.

To really understand how all this works, let’s look at, and briefly unpack the White Whale flagship vault. The UST vault allows users to deposit UST into the vault in a simple, single-step process. The total liquidity in the UST vault then acts as a general-purpose liquidity pool with a series of in-house arbitrage strategies. The first of which is all about keeping the peg. There are also other strategies in the works, such as exploiting price inefficiencies among multiple exchanges, as well as automated liquidations on Mars and Levana. All of these strategies make the ecosystem more stable and efficient, and they all use the liquidity of the UST vault.

These strategies bring us back to flash loans: when any of our bots detect a profitable arbitrage opportunity, the smart contract linked to that strategy will ask for a flash loan from the UST vault. The UST vault will then withdraw the UST from Anchor protocol (where it is yielding a comfy 19.5% while idle) and provide the contract with borrowed money to execute the arbitrage. After the arbitrage, all funds are returned to the vault. This is how we plan to provide Anchor+ yields.

A question that has been raised, is this – what if the trade didn’t make a profit? Or what if the borrower just doesn’t repay the loan? Various mechanisms have been put in place, to ensure depositors don’t get rugged. First, when a flash loan is requested, White Whale saves the total value of the vault. Then funds are sent out to the borrower (i.e. the arb bot) for them to execute the trade. What has been added is a callback at the end of the program which can not be altered, and is guaranteed to execute.

After whatever the borrower has executed the trade, that callback is executed. The callback is essentially step two. It re-calculates the value of the vault and compares it with the initial value before the loan. If this amount is smaller than the initial amount it throws an ERROR and reverts the whole transaction, aka the flash loan. The transaction then fails and it’s like nothing ever happened. Effectively this means that the flash loan will only execute if it pre-determines a profitable result, otherwise, it will cancel itself.

Long term, there will be a whitelisting process for the community to build bots to onboard through on-chain governance and utilize the White Whale flash loan architecture. The community will be able to decide which bots will benefit and secure the ecosystem and vote to whitelist them. There will of course be a small fee (the borrowing cost of the loan) which will automatically get distributed to the depositors.

In order to ensure security for this complex and innovative architecture, White Whale has already scheduled multiple audits with some of the most highly respected auditors in the industry. The foundation has already been built,  and now the focus is about getting the tools into the hands of our community, empowering them to protect the peg and stabilize the ecosystem.

 

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Jack Dorsey Exits from Twitter — What Might be the Reason?

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Jack Dorsey Exits from Twitter — What Might be the Reason?
  • Jack Dorsey has announced his surprise resignation from Twitter.
  • His love for Bitcoin might be one of the reasons for his resignation.
  • Square is the third-largest public holder of Bitcoin.

Jack Dorsey co-founded Twitter in 2006, has been served as Chief Executive Officer (CEO) of Twitter. And his is the founder and CEO of Square. On Monday, Jack Dorsey has announced his surprise resignation from Twitter.

More so, for more than 15 years, his freewheeling approach has helped him become an iconic figure in Silicon Valley. Jack Dorsey has earned a reputation as a chaotic and distant manager who vexed Wall Street and sometimes befuddled his employees.

Furthermore, in a conference, he made the statement as mentioning his love for working on Bitcoin. When announced his decision to resign his Twitter CEO post, crypto fans around the world were excited. But everyone there is the question that what will be the next for the Jack Dorsey, even Changpeng Zhao, Binance CEO has the same question.

Moreover, Jack Dorsey has resigned only his CEO post on Twitter but he is also the CEO of Square, the financial services and digital payments company. So we can understand that the Twitter co-founder is choosing to focus on the payments arm over his social media platform.

Jack Dorsey – CEO of Square 

Henceforth, not sure, but this might be the case, Twitter recently announced a dedicated core team to focus and concentrate on crypto and blockchain innovation. But, Twitter CFO Ned Segal has not pushed Dorsey’s crypto support for the platform. As per Wall Street Journal, previously, Segal has commented that cryptocurrencies investment doesn’t make any sense currently.

Square is the third-largest public holder of Bitcoin. It holds nearly 0.5% of its cap in BTC, which comes to around 0.038% of the total supply of the asset, worth nearly $450 million.

Even more, Crypto analysts and Crypto-influencer CryptosRUs believe that Dorsey might even follow Michael Saylor’s footsteps with Square. Jack Dorsey, Twitter bio just reads’[#bitcoin’, is enthralled with crypto. In August Dorsey claimed Bitcoin will unite deeply divided countries, and eventually the currency.

Therefore, Twitter may not be the right platform for his crypto ambitions. Twitter still lags behind competitors in e-commerce. But, Square may give Dorsey the financial platform he needs to realize his crypto-perfect dreams. Hence more, via square, not through Twitter, Dorsey may be able to bet on the future of crypto.

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