OpenOcean
OpenOcean is a leading DEX and a cross-chain swap aggregator. It provides a one-stop decentralized crypto trading solution.
Swap
Navigate to the OpenOcean.finance webpage.
Connect your wallet.
In the ‘Swap from’ field, select the currency and amount of tokens you wish to swap.
Repeat the process in the ‘Swap to’ field.
Click ‘Swap Now’ to confirm the swap.
Limit Order
OpenOcean allows you to set limit orders that will be executed at a specific price.
Switch from the ‘Swap’ tab to the ‘Limit Order’ tab.
Choose whether you want to buy or sell.
Select your desired trading pair from the dropdown list.
Set your limit price. Your order will be executed once this price is reached.
Review your limit order and confirm it with your wallet.
By default, your limit order will expire in one month. You can adjust this timeframe in the settings menu.
Cross-Chain Swap
Open the ‘Cross Chain’ tab.
Select the chain from which you wish to transfer, and then select the token to swap.
Enter the amount you wish to swap.
Repeat the process in the ‘Receiving chain’ fields, excluding the quantity.
Review the possible swap routes for your transaction. The default route should be the cheapest.
Review your swap details and confirm the transaction.
Perpetuals
To trade perpetuals, click on the ‘Perp’ tab in the menu bar.
The first step is to make a deposit. Hover over your wallet address in the top right corner and select ‘Deposit’.
Enter the amount you wish to deposit and confirm the transaction.
Once your deposit is successful, you can begin trading.
Set your leverage.
Select whether you want to buy or sell.
Choose the quantity from your deposit that you wish to trade.
Confirm your limit order.
You can track your open orders and history in the bottom section.
Buy Liquid Stacking Derivatives (LSD)
Click on the ‘Farm’ tab in the menu bar.
OpenOcean enables the purchase of liquid stacking derivatives. Purchase some tokens to receive ETH staking rewards.
Click on the ‘LSD’ tab in the menu bar.
Select one of the Liquid Stacking tokens and click ‘Buy’.
Choose the currency you wish to pay with.
Confirm the transaction.
Liquidity
From the ‘Earn’ dropdown menu, you can choose to:
Add or remove liquidity from a pool.
Stake your LP tokens to earn extra rewards.
Participate in ETH liquid staking (this is the LSD described above).
Add & Remove Liquidity
Navigate to ‘Earn > Pool’ in the menu.
Click the ‘Add Liquidity’ button.
Select two tokens from the dropdown lists.
Enter the amount of the first token you wish to supply. The second amount will be calculated automatically.
Confirm the transaction by clicking ‘Supply’.
Navigate back to ‘Earn > Pool’ in the menu bar to check your positions.
Click ‘Remove’ to withdraw your tokens from the liquidity pool.
Enter the amount of LP tokens you wish to withdraw.
Click ‘Approve’ to confirm the transaction.
Liquid Stacking Derivatives (LSD)
Click on the ‘Earn > Farms & Vaults’ tab in the menu bar.
Select a farm from the list and click ‘Detail’.
Click ‘Deposit’.
On the next screen, enter the amount of tokens you wish to deposit into the farm and confirm the transaction.
During farming, you can collect your rewards by clicking the ‘Harvest’ button.
To withdraw your tokens, select ‘Withdraw’. The same window as before will appear.
Enter the amount you wish to withdraw and confirm the transaction.
DAO
Navigate to ‘Dao > Stacking & Governance’.
You can lock your OOE tokens to vote on DAO proposals and receive gas refunds on OpenOcean.
Check how many tokens you need to stake to receive bonuses in the tier list.
Enter the amount you wish to lock and set the lock duration.
The higher the lock duration, the higher the staking APY.
Confirm the transaction at the bottom of the page.
To withdraw funds after the lock period, click ‘Withdraw’ instead of ‘Lock’ and confirm after choosing the amount to withdraw.
Under the ‘Dao’ tab in the menu, you can also find:
A forum to discuss proposals.
A snapshot to vote on active proposals.
Last updated
