OpenOcean

The OpenOcean platform is seeking to widen its reach into the wider crypto market by launching aggregation services and smart trade routing on the new EVM rising-star chain, Telos. By launching aggregation services on Telos, OpenOcean hopes to tap-into and offer a whole new community access to the best priced swaps on-chain.Introducing Telos mainnet: Telos is a EVM compatible chain that’s been garnering attention recently. Founded by <a href="https://docs.telos.net/faq/" rel="noopener noreferrer nofollow">Justin Giudici in 2018</a>, the Telos blockchain focuses on speed, cost-effectiveness, and decentralization. Current development is overseen by the <a href="https://www.telos.net/" rel="noopener noreferrer nofollow">Telos foundation</a>, a decentralized, independent, non-profit organization that oversees the development and governance of the Telos blockchain. Telos employs the familiar Ethereum virtual machine for creating automated smart contracts,<a href="https://www.telos.net/developers/benefits" rel="noopener noreferrer nofollow"> a familiar environment</a> for budding and existing developers.Telos is built on the ‘EOSIO’ software and operates on a <a href="https://docs.telos.net/overview/why-telos/block-production/" rel="noopener noreferrer nofollow">DPoS (delegated proof of stake) </a>consensus mechanism, Telos selects block producers based on their TLOS holdings, enhancing energy efficiency and speed. Telos uses the same underlying technology that the EOS blockchain is also built on and offers scalability, flexibility, and high network throughput.<blockquote> &#34;Telos offers an ideal environment for dApps and web3 expansion, we believe the prerequisites for advancing this dynamic space require a platform that&#39;s fast, secure, sustainable and scalable.&#34; – Justin Giudici, Cofounder of Telos</blockquote>Why aggregate on Telos: OpenOcean has been working closely with the Telos foundation to introduce swap aggregation and smart routing services on-chain. One of the necessary requirements for OpenOcean is <a href="https://defillama.com/chain/Telos?volume&#61;true&amp;tvl&#61;true" rel="noopener noreferrer nofollow">deep liquidity from multiple providers</a> in order to provide the most capital efficient trading experience. We’ve been in contact with and subsequently integrated the most secure and trusted deep liquidity sources on Telos ready for trading. Loading up swaps on the Telos blockchain via OpenOcean will introduce you to liquidity from our launch partners OmniDex and SwapSicle. We will continue to source and add new liquidity platforms and pools as and when they become available, all in the aim of improving the end-users experience on-chain on Telos.<a href="https://docs.openocean.finance/swap/tutorial-swap-token/swap-on-telos" rel="noopener noreferrer nofollow">Click here to s</a><a href="https://app.openocean.finance/CLASSIC#/TELOS/TLOS/USDC" rel="noopener noreferrer nofollow">wap on OpenOcean via Telos now</a><a href="https://docs.openocean.finance/swap/tutorial-swap-token/swap-on-telos" rel="noopener noreferrer nofollow">Click here for a swap guide</a>OpenOcean’s API &amp; SDK are now available on Telos: We are very happy to introduce our very powerful <a href="https://docs.openocean.finance/dev/aggregator-api-and-sdk" rel="noopener noreferrer nofollow">API and SDK</a> which is now available for anyone to use for their own project on Telos. You can use the latest version of our API to perform many different tasks from quoting prices, wallet lookups to swapping and balance transfers. If you are a builder on Telos or one of the other networks we support and are looking for tools to help get your platform up and running, the OpenOcean advanced API or SDK might be just what you need.About OpenOcean OpenOcean is a leading DEX Aggregator, a cross-chain swap aggregator, and Web 3 middleware developer in the crypto space, offering a suite of tools across 30&#43; networks and 1000&#43; deep liquidity sources. OpenOcean is building a one-stop trading platform, to bring users the best swap return for decentralized crypto trading.<a href="https://openocean.finance/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/OpenOceanGlobal" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/OOFinance" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://discord.gg/cxK6CCYcGp" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://coinmarketcap.com/community/profile/OpenOcean/" rel="noopener noreferrer nofollow">CoinMarketCap</a>

OpenOcean expands its aggregation services to the Telos network

OpenOcean

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