What is O3 Swap?
O3 Swap is a cross-chain aggregation protocol that allows users to trade native assets between different blockchains. By integrating an "aggregator + asset cross-chain pool," O3 Swap offers seamless transactions across various public chains like Heco, ETH, BSC, and Neo, with plans to expand to Polkadot and Polygon.
- Cross-chain asset trading
- One-click transaction processing
Recent Video Interview
Main points of the interview:
- Decentralized finance (DeFi) and its appeal due to trustless transactions.
- O3 Wallet's security features.
- O3 Labs recently launched O3 Swap, a cross-chain protocol offering competitive rates and liquidity rewards.
- Future plans include expanding to more exchanges and possibly developing their own blockchain.
Key Features of O3 Swap
O3 Swap provides several benefits:
- Permissionless access: Users can interact with the platform without needing approval or KYC verification.
- Cross-chain exchanges: O3 Swap uses aggregation protocols to facilitate cross-chain asset exchanges.
- Best price offering: It compares rates across exchanges to ensure cost-effective trading.
O3 Token Incentives
O3 Swap introduces a governance token to incentivize participation and development within its ecosystem.
- Governance token issuance
- Liquidity provision rewards
Background of O3 Labs
Founded in 2017, O3 Labs started in Tokyo, focusing on crypto wallet development within the Neo ecosystem. With team members across Tokyo, New York, Singapore, and Taipei, the company serves over 100,000 users.
How O3 Swap Works
O3 Swap operates through its key modules:
- O3 Aggregator: Finds optimal trading routes.
- Cross-chain Pool: Enables liquidity provision and income generation.
- Dashboard: Allows users to manage assets and liquidity across chains.
Project Development
O3 Swap announced that OMOSwap has expanded to 0xMantle. By partnering with leading DEXs Agnidex and MerchantMoe_xyz, users can now swap across the entire Mantle network at optimal rates using OMO Swap's advanced aggregator.
Check out O3 Swap socials to catch the platform's latest update.
Other Projects in the Heco Ecosystem
- Beefy: a multichain yield optimizer offering high, safe, and efficient APYs.
- Houbi: a major cryptocurrency exchange offering trading, staking, loans, and yield products.
- Auto: native token of Autofarm, a cross-chain yield aggregator on Binance Smart Chain.
O3 Swap Price Analysis
As of November 24 2024 O3 Swap has a marketcap of $433K.
This is {{percentagefromath}} from its all time high of $14.87.
In terms of its tokenomics, there's a total supply of 43M with 83% currently outstanding.
Keep in mind O3 Swap has a fully diluted value of $524K which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude