OpenOcean

OpenOcean is a leading DEX and a cross-chain swap aggregator. It provides a one-stop decentralized crypto trading solution.

OpenOcean｜Best swap returns for decentralized crypto tradingOpenOcean Finance

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Swap

• Navigate to the OpenOcean.finance webpage.

Swap page

• 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.

Setting up Limit Order

• 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.

Cross-chain page

• 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.

List of ETH Liquid Staking Tokens

• Click on the ‘LSD’ tab in the menu bar.

• Select one of the Liquid Stacking tokens and click ‘Buy’.

Swaping tokens

• Choose the currency you wish to pay with.

• Confirm the transaction.

Liquidity

Liquidity menu

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

Add 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.

Liquidity management screen

• Click ‘Remove’ to withdraw your tokens from the liquidity pool.

Withdraw liquidity

• 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.

Available farms and vaults

• 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’.

DAO Staking page

• 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.

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