Ooki is a tokenized margin trading and lending system. It is a financial primitive that allows for decentralized, efficient, and rent-free blockchain by allowing for lending, leveraging, shorting, and borrowing.
The Ooki System allows anybody to build apps that link lenders, borrowers, and dealers to Ethereum’s most versatile decentralized financial system. The governance votes in the OOKI community are used to make decisions in the community.
Trading on OOKI
The platform of OOKI allows beginners to trade in a really simple way. Using up to 15x leverage, traders can short or long the market. OKI has a user interface that is really simple and is used to handle trades. Users on genuinely decentralized exchanges, such as Ooki, maintain ownership of their cash, in contrast to CEX (centralized exchanges).
Borrowing on OOKI
Borrowing rates are prone to change instantaneously based on the prevailing supply and demand for any given item. When you establish a loan, you will be paid an origination fee of 0.09 percent of the loan amount. For the course of the loan’s term, interest is also paid.
Many popular lending strategies involve risk elements that are underutilized and rely only on the asset being liquidated. As a result, many loans are over-collateralized much beyond their true risks, resulting in massive capital inefficiencies. Instead of risk parameters being established based on collateral, the protocol sets risk assessment is conducted based on trading pairs.
Lending
The Technology is a completely decentralized non-custodial lending system that makes it simple for lenders to lend out and earn interest on their bitcoin holdings. Lending rates are dynamic, changing in real-time based on the current supply side for any given item.
Staking
Holders of OOKI tokens can stake their tokens to obtain a share of protocol fees. Staking is only supported by Ethereum. The fees earned on all of the Ooki Protocol deployment chains will be distributed to OOKI stakeholders on Ethereum.
Stakers receive half of the fees, while the treasury contract receives the other half.
Tokens
Ooki Protocol has three primary tokens:
OOKI: The principal fee-sharing platform on the token is the OOKI token. Its current maximum supply is 10.5 billion.
cOOKI: Platform users earn cOOKI (formerly known as vBZRX) through trading and borrowing activities.
iTokens: iTokens, such as iDAI or iUSDC, are interest-bearing tokens that steadily increase in value as you retain them.
OOKI is, above all, a governance token. It is built on an active and vibrant community of stakeholders that collaborate to enhance the protocol.
