Name of Project
OpenOcean
Proposal overview
OpenOcean a DEX aggregator on Harmony providing users the most efficient swaps on Harmony-based assets. OpenOcean’s algorithm optimizes trading for the best returns based on multiple parameters, including better price, lower gas fee, lower slippage, and optimized routing to maximize final returns.
We would like to propose the following 3 trading programs on OpenOcean in partnership with Harmony and leading Harmony projects. As we have successfully organized similar trading campaigns previously, it has brought new users to the network, helped existing blockchain users trade with maximum returns, and increased trading volume significantly which has continued to increase resulting in new campaigns and farms on leading blockchain DEXes.
Our product is fully developed and ready to go live anytime. We are live on 17 chains total (including Harmony) with 150+ liquidity sources on one site. Currently with 410k active user, we are aiming to attract 5k new users from campaigns. We need $80k to do both trading campaign and referral transaction fee rebate program. Since we are an DEX aggregator, we’d want you guys to help us connect all DEXes on Harmony chain so we could co-announce the launch of OpenOcean. Besides that, co-marketing with Harmony team would also be really helpful for us to grow faster on chain.
Hence, we would like to request for 80k USD worth of $ONE to allocate for the following trading program rewards.
1. Co-DEXes Trading Competition on Harmony
Request amount: $30,000
Partners: We will invite Harmony based DEXes projects who’re interested in joining the campaign. They are TBA.
Campaign details (To be confirmed)
Campaign Period: 3 weeks- 4 weeks
Campaign Rules:
- For the following two campaigns, traders must have a total trading volume exceeding $200 USDT equivalent.
- Must trade on OpenOcean Harmony, the route must be going through DEXes we are collaborating with.
Campaign I: Trading Competition — $20,000 worth of $ONE as reward pool
- The rewards will be distributed based on the rank of the trading volume.
Campaign II: Lucky Draw — $10,000 worth of $ONE as reward:
- Randomly select 200 participating users to reward $ONE.
2. Co-OpenOcean API/SDK/Widget Projects Trading Competition
Request amount: $30,000
Partners: We will invite Harmony based projects who’re using OpenOcean swap function API to join the campaign. They are TBA.
Campaign details (To be confirmed)
Campaign Period: 3 weeks- 4 weeks
Campaign Rules:
- For the following two campaigns, traders must have a total trading volume exceeding $200 USDT equivalent.
- Must trade on projects using OpenOcean API, the route must be going through OpenOcean.
Campaign I: Trading Competition — $20,000 worth of $ONE as reward pool
- The rewards will be distributed based on the rank of the trading volume.
Campaign II: Lucky Draw — $10,000 worth of $ONE as reward:
- Randomly select 200 participating users to reward $ONE.
3. Referral Program Transaction Fee Rebate
Request amount: $20,000
Campaign Period: ~ 90 days or until hard cap is reached
Campaign Rules (To be confirmed):
- For each transaction that a referral’s recipient makes, referrers receive a 50% rebate of their referral recipient’s trading fees, while referral recipients receive a 50% rebate of their trading fees
Proposal ask
$80k Grant
Metrics for success
Partnership with DEXes on Harmony
Partnership with projects using OpenOcean API swap function on Harmony
Transaction Volume: $10M
Number of new users: 5k
Number of transactions: 10k
External links
OpenOcean Classic trading: https://openocean.finance/classic
Open Ocean Pro trading: https://openocean.finance/pro
Twitter: https://twitter.com/OpenOceanGlobal
Discord: https://discord.gg/cxK6CCYcGp
Telegram: https://t.me/OOFinance