What is Ooki Protocol (OOKI)?
Ooki is a protocol for cryptographic lending and margin trading. It is a stub financial platform for short selling, leverage, borrowing and lending to empower free, efficient and decentralized blockchain.
The Ooki protocol allows anyone to build applications that allow lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on Ethereum. The protocol is a community-run project, run by the community voting on all major changes to the protocol.
Highlights of Ooki Protocol (OOKI)
Ooki is a decentralized margin trading platform. No need for any verification, KYC or AML.
Whether lending or trading, maintain control of your own keys and assets with the project's unattended solution.
Minimum liquidation penalty
Positions that become decentralized are only liquidated enough to maintain a margin of 15% to 25%.
Enjoy an easy trading experience with auto-renewing positions and no conversion fees.
Functions in Ooki Protocol
The protocol makes DeFi decentralized margin trading completely easy for newbies. Users can enter long or short margin positions with up to 15x leverage. Trading positions are managed through the Ooki Trading Interface. Unlike centralized exchanges, on completely decentralized exchanges like Ooki, users keep custody of their funds.
Users can borrow funds based on the deposited collateral. The first step to start borrowing on Ooki is to visit the borrow page, then select the property you want to borrow.
Once you have selected the property to borrow then click the borrow and submit collateral button and select the amount you want to borrow.
Ooki Protocol is a fully decentralized zero-custodial lending protocol that allows lenders to easily lend and profit from their crypto assets.
OOKI token holders can stake tokens to earn a portion of Ooki protocol fees. Can only bet on Ethereum. However, the fees generated across all the different Ooki Protocol implementation chains will be earned by OOKI distributors on Ethereum.
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