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Ooki Protocol news
About Ooki Protocol
What is Ooki?
Ooki is a powerful and fully decentralized margin trading, borrowing, and lending platform with a ton of features.
Ooki is a protocol for margin trading, borrowing, lending and staking. Ooki Protocol allows anyone to build applications that enable lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on multiple blockchains. Ooki is a fully decentralized, community-run project, governed by the community vote for all major changes to the protocol.
How is Ooki Protocol Governed?
Ooki - What’s Next?
Ooki is constantly innovating and developing cutting edge features to its users. The following are a few of the upcoming features available for Ooki users:
Permissionless Listings
Decentralized Limit Orders
B.Protocol leveraged positions
OOKI Token
The OOKI token is a governance token that allows the Ooki community to govern the protocol through staking OOKI token and voting in the Ooki DAO. The Ooki ecosystem is designed to emphasize community control over the protocol through governance, fee sharing, and voting.
Innovation
Ooki Protocol is a fully decentralized, trustless protocol enabling users to margin trade long or short with leverage, borrow, and lend.
Trading
Trading is at the core of Ooki Protocol. Users can easily open long or short leveraged trading positions at fixed interest borrowing rates.
Borrowing/Lending
Ooki Protocol allows users to borrow funds with collateral, and also lend out funds and earn interest. A unique feature of Ooki Protocol is the existence of dynamic interest rates to ensure borrowers and lenders receive optimal rates when opening new positions on Ooki. This dynamic rates engine targets an 80% utilization rate and will keep pools optimally utilized.
Staking
OOKI token holders can stake OOKI tokens and receive a portion of protocol revenue. 50% of fees generated by the protocol are distributed to OOKI stakers. The remaining 50% of fees are allocated to the insurance fund and Ooki treasury.
Ookiverse
Ooki Protocol currently supports four blockchains: Ethereum, Polygon, Binance Smart Chain, and Arbitrum. New blockchains will be added regularly following community consensus.
Insurance Fund
Ooki’s insurance fund is used to cover any unexpected losses caused by hacks. Additionally, Ooki has over $1m in coverage through Tidal Insurance.
Governance
Ooki Protocol is governed by the OOKI token. Holders of the OOKI token may stake their token and participate in voting and governance.
The Ooki community is creating innovative, cutting edge financial software with a focus on radical decentralization. It creates unstoppable applications that are sustainable, efficient, and rent free. The global financial system is filled with middlemen that can and will be replaced by software, and Ooki is that software.
DAO
Ooki DAO treasury facilitates the DAOs mission to fund critical development, reward ongoing contributors, grow the protocol, express values, and increase longevity. Proposals submitted to the DAO are first discussed in the forum, and then once community consensus is reached the proposals proceeds to Snapshot vote, followed by onchain voting.
The live Ooki Protocol price today is $0.001718 USD with a 24-hour trading volume of $804,449 USD. We update our OOKI to USD price in real-time. Ooki Protocol is up 0.74% in the last 24 hours. The current CoinMarketCap ranking is #807, with a live market cap of $7,829,680 USD. It has a circulating supply of 4,558,586,607 OOKI coins and a max. supply of 10,500,000,000 OOKI coins.
If you would like to know where to buy Ooki Protocol at the current rate, the top cryptocurrency exchanges for trading in Ooki Protocol stock are currently Binance, Bitrue, BingX, Topcredit Int, and Hotcoin Global. You can find others listed on our crypto exchanges page.