Ooki Protocol (Previously bZx protocol) is a protocol for margin trading, borrowing, lending and staking. The protocol allows anyone to build applications that enable lenders, borrowers, and traders. Ooki is a community-run project, governed by the community vote for all major changes to the protocol.
OOKI is the native utility token of OOKI Protocol, and has the following use cases:
Staking: OOKI token holders can stake their tokens to earn a share of the platform revenue.
Governance: Users can submit and vote on governance proposals to influence the direction of the protocol development.
The protocol consists of the following major components working in conjunction:
Trading: Users can open long or short leveraged trading positions at fixed interest borrowing rates.
Borrowing and Lending: Ooki protocol also allows users to borrow funds with collateral, and also lend out funds and earn interest.
Multi Chain: Ooki protocol currently supports three blockchains: Ethereum, Polygon, and Binance Smart Chain. The team plans to deploy on new blockchains in the future, following community consensus.
Ooki Protocol (OOKI)
A DeFi Protocol on BSC, Ethereum, and Polygon.
Aug 29th, 2020