๐ 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 o#BinanceSquareTalks n multiple blockchains. Ooki is a fully decentralized, community-run project, governed by the community vote for all major changes to the protocol.
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๐ Ooki - Whatโs 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:
๐ Permissionless Listings
๐ Decentralized Limit Orders
๐ OOKI Token ๐
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.
๐ Innovation ๐
Ooki Protocol is a fully decentralized, trustless protocol enabling users to margin trade long or short with leverage, borrow, and lend.
๐ Trading ๐
Trading is at the core of Ooki Protocol. Users can easily open long or short leveraged trading positions at fixed interest borrowing rates.
๐ Borrowing/Lending ๐
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.
๐ Staking ๐
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.
๐ Ookiverse ๐
Ooki Protocol currently supports four blockchains: Ethereum, Polygon, Binance Smart Chain, Optimism, and Arbitrum. New blockchains will be added regularly following community consensus.
๐ Governance ๐
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.
๐ DAO ๐ #BinanceBlockchainWeek
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 toย Snapshotย vote, followed by onchain voting.
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