OpenOcean’s integration with Gnosis Chain.

Deborah Crystal
3 min readJan 2, 2022

OpenOcean handled a lot of collaborations in the year 2021, aggregating several chains with up to 13 in total, and several more are in the works. One of such aggregations was with Gnosis Chain. This move was initiated ato offer users the chance to trade and earn maximum returns onna high performance network.

As an essential component of Web3, OpenOcean provides users with the highest possible returns on digital assets across multiple networks while charging no additional fees. But as networks mature, some chains have encountered issues with network traffic and fee increases. OpenOcean avoids all of that with the recent addition of Gnosis Chain to the team. Gnosis Chain (formerly xDai Chain) is a blockchain designed for fast and inexpensive transactions.

What is Gnosis Chain?

Gnosis Chain (formerly xDai Chain) is a stable-payments blockchain that features a dual token model and provides fast, secure transactions with full interoperability and compatibility with the Ethereum Mainnet. The chain has created a reliable EVM environment for a plethora of projects looking to scale and optimize transactions while remaining Ethereum compatible.

Their team is currently working on a beacon chain implementation that will support Eth 2.0 by providing faster block and epoch times, permissionless bridges, and rollup integrations, while also serving as an essential canary network for the ecosystem as a whole.

Reasons why this collaboration is just awesome

  1. With its most latest upgrade, the Atlantic version, OpenOcean has gone live on Gnosis Chain, providing an algorithm optimized for maximum returns that is not found anywhere else.
  2. OpenOcean Atlantic provides superior algorithm and protocol upgrades to users in order to optimize trading for the best returns based on multiple parameters, such as better price, lower gas fee, lower slippage, and optimized routing to maximize final returns.
  3. This essentially means that you don’t have to worry about the tradeoff between the best price from using multiple routes and the higher gas fees that may be associated with it; OpenOcean Atlantic takes everything into account and offers you the best solution to get the most out of each swap.

Here’s a quote from the Co-founder of OpenOcean, Cindy Wu, in full support of this link up;

“The cornerstone of OpenOcean has always been to help users trade maximum returns on digital assets across multiple networks without charging additional fees. We are thrilled to add the Gnosis Chain (formerly xDai Chain) aggregation as our community has been requesting this for some time already. We always like to support cost efficient high-performance networks that have a vibrant ecosystem of DeFi projects and liquidity; all this while still maintaining security for the users.”

You can find more about the Gnosis Chain HERE

In Conclusion,

OpenOcean is the world’s first DeFi and CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, we have aggregated major DEXes across public chains, including Ethereum and Layer 2, Arbitrum, BoBa, Binance Smart Chain, Avalanche, Fantom, Polygon, Solana, Gnosis (formerly xDai), HECO, TRON, Ontology, and a CEX (Binance). OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, aggregate more DeFi and CeFi products, and launch intelligent management services.