Welcome to the bulliscoming OOKI price prediction. In this article, we will discuss the OOKI protocol, and give you the OOKI price prediction from the year 2022 to 2029.

What Is Ooki Protocol (OOKI)?

Ooki is a decentralized protocol for margin trading, borrowing, lending, and staking enabling the building of Decentralized Applications for lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on multiple blockchains. Ooki is a fully decentralized, community-run project, governed by the community vote for all major changes to the protocol.

OOKI Token

The OOKI token is a governance token that allows the Ooki community to govern the protocol through staking the OOKI token and voting in the Ooki DAO. The Ooki ecosystem is designed to emphasize community control over the protocol through governance, fee sharing, and voting.

Passive Income

OOKI token holders receive a portion of protocol revenue. 50% of fees generated by the protocol are distributed to OOKI stakers. The remaining 50% of fees are allocated to the insurance fund and Ooki treasury.

Innovation

Ooki protocol is a fully decentralized, trustless protocol enabling users to margin trade long or short with leverage, borrow, and lend.

How is Ooki Protocol used?

Ooki protocol provides four primary services to its users: Leveraged margin trading, borrowing/lending, and staking.

Trading

Trading is at the core of the Ooki Protocol. Users can easily open long or short leveraged trading positions at fixed interest borrowing rates.

Borrowing/Lending

Ooki protocol also allows users to borrow funds with collateral, and also lend out funds and earn interest. A unique feature of Ooki protocol is the existence of fixed rates of interest on borrowed funds. Enabling users to remain confident in their cost of borrowing.

Staking

Users can stake OOKI tokens in order to earn a percentage of platform fees.

Multi Chain

Ooki protocol currently supports three blockchains: Ethereum, Polygon, and Binance Smart Chain. New blockchains will be added regularly following community consensus.

Insurance Fund

Ooki’s insurance fund is used to cover any unexpected losses caused by hacks. Additionally, Ooki has over $1m in coverage through Tidal Insurance.

How is Ooki Protocol Governed?

Governance

Ooki Protocol is governed by the OOKI token. Holders of the OOKI token may stake their token and participate in voting and governance.

DAO

Ooki DAO treasury facilitates the DAOs mission to fund critical development, reward ongoing contributors, grow the protocol, express values, and increase longevity.

Proposals submitted to the DAO are first discussed in a forum, and then once community consensus is reached the proposals proceed to Snapshot vote, followed by on-chain voting.

Ooki DAO controls one of the largest treasuries in the entire DeFi crypto ecosystem, placing it among the top 10 largest DAO treasuries according to open-orgs.info

What’s Next:

Ooki Protocol is constantly innovating and developing cutting-edge features for its users. The following are a few of the upcoming features available for Ooki users:

Permissionless Listings
Decentralized Limit Orders
B. Protocol leveraged positions.
Ooki Pro trading platform