Coinbase Announces The Roadmap Addition Of OOKI

The low-cap, decentralized finance (DeFi) altcoin has soared since the major US cryptocurrency exchange Coinbase put it to its listing roadmap. The Ooki Protocol’s native asset (OOKI), according to a Friday release from Coinbase, has been added to the roadmap.

The projects listed on the roadmap are those whose inclusion on the exchange’s growing list of supported assets is currently being explored. The Ooki Protocol is a decentralized platform for lending and margin trading that doesn’t require verification. The project’s goal is to create a “financial primitive for shorting, leveraging, borrowing, and lending that empowers decentralized, effective, and rent-free blockchain.”

Ooki is a community-run project of Coinbase

The Ooki Protocol allows anybody to develop applications that interact with the most flexible decentralized financial protocol on Ethereum as lenders, borrowers, and traders. Ooki is a community-run project, and any significant modifications to the protocol must be approved by a majority of the community.

OOKI, the project’s governance token, is now trading at $0.0076. By market capitalization, the 611th-ranked cryptocurrency asset has grown by more than 33% over the past week and 22.20% over the past 24 hours.

However, since reaching an all-time high of $0.060539 in December, OOKI has decreased by more than 87%. To increase openness and reduce the likelihood that their listing announcements would be leaked before they were ready, the exchange added OOKI to the roadmap this year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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