### What is Ooki?

Ooki Protocol is a decentralized, community-run cryptocurrency platform designed for flexible decentralised exchange (DEX) functionalities. It incorporates a range of decentralised finance (DeFi) services including margin trading, borrowing, lending, staking, and cross-chain protocols. The protocol operates with a focus on decentralisation, allowing community governance and control.

### How does Ooki work?

Ooki operates on an Ethereum-based blockchain and supports additional blockchains like Polygon and Binance Smart Chain. It leverages smart contracts to facilitate secure, transparent, and speedy transactions. These smart contracts execute automatically under predefined conditions, thereby eliminating the need for intermediaries. While the specific consensus mechanism isn't detailed in the sources, due to its Ethereum base, it likely utilises Proof of Stake (PoS) or a similar system.

### What are the potential use cases for Ooki?

Ooki offers various DeFi services such as:

- Margin trading
- Lending and borrowing against collateral
- Staking for governance and revenue sharing
- Decentralised governance through community voting
- Interoperability across multiple blockchains
- Non-custodial trading solutions

It is applied in sectors like DeFi lending, decentralised exchanges, staking pools, and governance platforms. The protocol partners with various Web3 projects and integrates with multiple DEXs.

### What is the history of Ooki?

The Ooki Protocol began as the bZx protocol, launched on August 29, 2020. Following several security breaches, including a major hack in 2021, it was restructured into a community-run DAO and renamed Ooki Protocol. Notable milestones include the launch of the Oki v2 protocol upgrade, expansion to Binance Smart Chain, and integration with numerous decentralised exchanges. The technology has evolved to offer innovative features such as dynamic interest rates and dex selectors, enhancing its capabilities and market presence.

Ooki

Deposits and withdrawals are not currently available for this coin.

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