FAQ
Get answers to frequently asked questions about Ooki Protocol.
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Get answers to frequently asked questions about Ooki Protocol.
Last updated
Was this helpful?
Ooki users can engage in with up to 15x leverage using a fully decentralized trading platform.
Ooki is governed by the Ooki DAO which votes on proposals via the Ooki DAO governance mechanism.
If undercollateralized loans are not properly liquidated, lenders are repaid from a pool funded by 10% of the interest paid by borrowers.
As one of the founding principles of DeFi, we’re committed to interoperability and the development of open source code.
Fully Audited
Ooki's code has undergone audits by leading Auditing firms.
When opening a loan there is a 0.09% origination fee on the principle. Interest is also paid for the life of the loan.
Ooki is currently deployed on Ethereum L1, Optimism, Arbitrum, Polygon, and Binance Smart Chain.
Ooki users can out funds and earn interest on their capital, and also borrow funds against collateral.
Ooki users can their Ooki Tokens in order to earn a portion of fees generated by the platform.
Ooki users can through the OOKI DAO, and use their OOKI tokens to vote on proposals, submit new proposals, and participate in platform governance.
Chainlink’s is used for price information.
