$ 0.00008080 USD
$ 0.00008080 USD
$ 1.021 million USD
$ 1.021m USD
$ 275,696 USD
$ 275,696 USD
$ 2.032 million USD
$ 2.032m USD
13.716 billion OOKI
Issue Time
2021-12-24
Platform pertained to
--
Current coin price
$0.00008080USD
Market Cap
$1.021mUSD
Volume of Transaction
24h
$275,696USD
Circulating supply
13.716bOOKI
Volume of Transaction
7d
$2.032mUSD
Change
24h
0.00%
Number of Markets
68
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
-15.97%
1Y
-95.66%
All
-99.66%
Aspect | Information |
Short Name | OOKI |
Founded Year | 2018 |
Main Founders | Tom Bean and Kyle Kistner |
Support Exchanges | Sushiswap, Mexc Global, Gate.io, Binance, WazirX |
Storage Wallets | Metamask, Trust Wallet, Walletconnect and Walletlink |
Customer Service | Twitter, Telegram, Discord, YouTube, GitHub, Instagram, Blog |
OOKI is a versatile protocol designed for tokenized margin trading, borrowing, lending, and staking. It serves as a foundational financial primitive, enabling various decentralized finance (DeFi) activities such as shorting, leveraging, borrowing, and lending on multiple blockchains, including Ethereum. The protocol's flexibility and efficiency allow it to support a wide range of decentralized applications (dApps) for lenders, borrowers, and traders, all while maintaining a decentralized, rent-free blockchain environment.
Pros | Cons |
Friendly Community | Lack of Regulation |
Relentless Innovation | Legal Issues |
Ethical Standards | |
Perpetual Positions |
Over the coming decades, OOKI's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.00005361 and $0.1320.In 2040, our forecast suggests OOKI could reach a peak price of $0.2686,with a potential minimum around $0.1803.Looking ahead to 2050, technical analysis indicates that OOKI's price could range from $0.1137 to $0.2617,with an estimated average trading price of about $0.1135.
Ooki Protocol stands out in the decentralized finance (DeFi) landscape due to its innovative features and approach to margin trading, lending, staking, and governance. Here are the key innovations and differentiators of Ooki:
Non-Custodial Solution: In contrast to centralized platforms, Ookis non-custodial nature ensures that users always maintain control over their keys and assets, significantly reducing the risk of hacks or mismanagement by third parties.
Optimized Liquidation Parameters: Instead of setting risk parameters solely based on collateral, Ooki optimizes these parameters based on trading pairs. This approach reduces capital inefficiency and prevents excessive overcollateralization, which is common in many other lending protocols.
Cross-Chain Deployment: Ooki is deployed across multiple blockchain networks, including Ethereum L1, Optimism, Arbitrum, Polygon, and Binance Smart Chain. This multi-chain presence enhances accessibility and user choice, distinguishing it from many single-chain platforms.
Ooki Protocol is a decentralized finance (DeFi) platform that enables margin trading, lending, staking, and governance through a combination of innovative token mechanisms and decentralized governance. Here is a detailed breakdown of its working mode and principles.
The OOKI token serves as the backbone of the platform's governance, allowing holders to actively participate in decision-making processes through the Ooki DAO by voting on proposals and submitting new ones. Additionally, users can stake OOKI tokens to earn a share of the platform's fees, incentivizing long-term engagement and fostering alignment of interests among stakeholders. Moreover, OOKI is designed to facilitate liquidity and promote network effects, aiming to ensure the sustained growth and success of the ecosystem over time.
iTokens are interest-accumulating tokens within the platform, such as iDAI and iUSDC, which appreciate over time as borrowers repay interest. These tokens represent a stake in the lending pool and can be utilized in various ways, including trading, collateralization, integration into structured products, or secure storage. Notably, iTokens' value accrual is dynamic, with their exchange rate adjusting continuously based on the lending pool's performance, ensuring real-time responsiveness to market conditions and enhancing their utility within the ecosystem.
vBZRX tokens operate on a vesting mechanism, gradually releasing OOKI tokens over time. These tokens grant holders increased voting power within the governance system, with unvested vBZRX also eligible for participation in governance decisions. Notably, the emission of vBZRX tokens decreases progressively over time, ensuring a controlled and gradual distribution of OOKI tokens while providing ongoing incentives for active participation and engagement in the protocol's governance processes.
In margin trading, users can amplify their positions by up to 15 times through leveraging, facilitated by a decentralized trading interface that guarantees users retain control over their assets. Additionally, perpetual positions ensure a seamless trading experience by automatically renewing without incurring rollover fees, streamlining the process for traders.
In lending and borrowing, the platform enables users to lend assets and receive iTokens, which appreciate over time as borrowers repay interest. Borrowers, in turn, can secure loans against these assets, with iTokens serving as representations of their stake in the lending pool. Furthermore, interest rates for these loans are determined dynamically, adjusting in response to shifts in supply and demand to maintain market-driven rates.
Staking OOKI tokens offers users the opportunity to earn a share of the platform's fees, encouraging active engagement and fostering alignment with the protocol's success.
Decentralized governance within Ooki Protocol is managed by the Ooki DAO, where token holders vote on proposals and upgrades, fostering a community-driven approach to development and decision-making. Voting power is distributed among holders of both OOKI and vesting vBZRX tokens, with unvested vBZRX tokens also contributing to governance, ensuring a broad and inclusive participation base.
Ooki Protocol prioritizes security through several measures, including the use of Chainlinks decentralized oracle network for accurate and reliable price information. An insurance fund, sustained by a portion of the interest paid by borrowers, provides coverage for undercollateralized loans, thereby protecting lenders. Additionally, the protocol is fully open-source and has been audited by leading firms, promoting transparency and ensuring robust security standards.
Minting an iToken involves users lending ETH or ERC20 tokens, which creates on-chain protocol order objects at various leverage levels. The leverage is determined by the initial margin, with a maintenance margin set at 15% and a loan duration of 28 days. Loans initiated through pToken contracts have dynamic interest rates that adjust based on market conditions, ensuring responsiveness to supply and demand.
To close an iToken position, lenders can either burn their iTokens to reclaim their deposited funds or sell them on the market. If burning iTokens would cause loan utilization to exceed 100%, only a portion of the funds is returned, with the remaining iTokens held for future redemption while continuing to accrue interest on the unrecovered portion. This mechanism ensures liquidity and maintains the integrity of the lending pool.
Blockchain Deployment: Ooki is deployed on Ethereum L1, Optimism, Arbitrum, Polygon, and Binance Smart Chain, offering wide accessibility.
Fee Structure:Loan Origination: A 0.09% origination fee on the principal amount.
Interest: Paid for the life of the loan.
Lending Profits: A 0.10% fee on lending profits.
Flash Borrowing: A 0.03% fee.
Trading: A 0.15% fee on trades.
Step1: Create a free account on the Binance website or the app.
Step2: Choose how you want to buy the Ooki Protocol asset.
Step3: Check the payment details and fees.
Step4: Store or use your Ooki Protocol in Binance
Buying link: https://www.binance.com/en/how-to-buy/ooki-protocol
Step1: Create a free account on MEXC Crypto Exchange via website or the app to buy Ooki Protocol Coin.
Step2: Choose how you want to buy the Ooki Protocol (OOKI) crypto tokens.
Step3: Store or use your Ooki Protocol (OOKI) on MEXC.
Step4: Trade Ooki Protocol (OOKI) on MEXC.
Buying link: https://www.mexc.com/how-to-buy/OOKI
OOKI Token can be stored in Metamask, Trust Wallet, Walletconnect and Walletlink.
MetaMask:
OOKI demonstrates a robust framework designed to ensure safety and security within its ecosystem. Governed by the Ooki DAO, it operates democratically, enabling token holders to collectively make decisions through transparent voting mechanisms. Moreover, the integration of Chainlinks decentralized oracle network enhances the reliability of price information, minimizing the risks associated with inaccurate data.
OOKI's provision of an insurance fund further fortifies its safety measures, guaranteeing repayment to lenders in the event of undercollateralized loans, thus mitigating potential losses. Embracing the ethos of open source development, OOKI promotes transparency, interoperability, and community-driven innovation, reinforcing its commitment to building a secure and trustworthy decentralized finance (DeFi) platform.
Overall, with its governance structure, reliance on secure oracles, insurance provisions, and dedication to open source principles, OOKI demonstrates a comprehensive approach to safety and resilience within the DeFi landscape.
There are several ways to earn OOKI tokens:
Staking: Holders of OOKI tokens can stake OOKI to earn part of the Ooki protocol fees. Staking is only possible on Ethereum. However, the fees generated on all the different Ooki Protocol deployment chains will be earned by OOKI stakers on Ethereum.
Lending: Ooki Protocol is a fully decentralized non custodial lending protocol which allows lenders to easily lend out and earn return on their cryptocurrency assets.
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