Generalize
Information
Information
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.
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
Ookis insurance fund is used to cover any unexpected losses caused by hacks. Additionally, Ooki has over $1m in coverage through Tidal Insurance.
How is Ooki Protocol Governed?
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.
Ooki - Whats 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
Answers
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 - Whats Next?
Ooki is constantly innovating and developing cutting-edge features for its users. The following are a few of the upcoming features available for Ooki users:
- Permissionless Listings
- Decentralized Limit Orders
- B.Protocol leveraged positions
Coin ranking
Popular Q&A
- Can you explain how Ooki Dao's blockchain technology is beneficial to the digital currency industry and what specific contributions it makes?2021-12-24
- Can you provide an overview of the current trends in the Ooki Daocoindesk market? What are the key factors driving these trends and how are they impacting the market? Are there any specific cryptocurrencies or technologies that are gaining traction in this market?2021-12-24
- Can you explain the benefits of using Ooki Daocoindesk for online transactions in the cryptocurrency industry? How does it differ from other exchanges? What makes it a preferred choice for users?2021-12-24
- Can you recommend some of the best Ooki Daocoindesk wallets for securely storing digital assets?2021-12-24
- Can you provide a detailed comparison between Ooki Daocoindesk and other popular cryptocurrencies such as Bitcoin and Ethereum? What are the key differences in terms of technology, market value, and adoption? How does Ooki Daocoindesk stand out from the competition?2021-12-24
- Can you explain the factors that have an impact on the price prediction of Ooki Protocol? I'm interested in understanding what influences the price movement of this particular digital currency.2021-12-24