What Is Ooki Protocol(OOKI)?
Ooki Protocol is a protocol for tokenized margin trading and lending. It is a financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free block-chain. Enjoy a friction less trading experience with positions that automatically renew and zero rollover fees. Through bull and bear market bZx is consistently driven to develop and innovate relentlessly. Maintaining a high moral standard.
Most of the questions below were already answered and explained on their respective wiki pages! But for your convenience they also wrote answers to them in this page. Using leverage in a margin trading long/short position may cause a position to be liquidated when the maintenance collateral falls below a certain level. See Liquidation Table for details.
Ooki Protocol Storage Key Points
|Coin Name||Ooki Protocol|
|Circulating Supply||2.12B OOKI|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What can users do on Ooki?
Ooki Protocol users can engage in margin trading with up to 15x leverage using a fully decentralized trading platform. Ooki users can lend out funds and earn interest on their capital, and also borrow funds against collateral. Ooki users can Stake their Ooki Tokens in order to earn a portion of fees generated by the platform. Ooki users can participate in platform governance through the OOKI DAO, and use their OOKI tokens to vote on proposals, submit new proposals, and participate in platform governance.
What is Margin Trading?
Margin trading has two main aspects: leverage and shorting. When trading with leverage, a trader borrows assets to increase the amount of assets they are trading. By doing so, traders magnify the gains or losses of their trade. Ooki Protocol The borrowed assets in a margin trade are known as a margin loan. To obtain the margin loan, the trader puts up assets that serve as collateral. The terms of the margin loan specify a collateral-to-loan ratio.
If the trade falls below the specified ratio, the trade is liquidated and the lender gets repaid using the trader’s collateral. Margin trading also includes shorting. When shorting, a trader essentially sells assets they do not own. The short investor borrows an asset and sells it with the expectation that the asset will lose value, and profit from the difference between the margin short entry price and the short cover price.
Margin Trading made simple with Ooki
Ooki Protocol makes DeFi fully decentralized margin trading easy for novices. 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 fully decentralized exchanges like Ooki, users retain custody of their funds.
On Ooki Protocol you can use up to 15x leverage by adjusting the leverage slide. Increasing the leverage amount up to 15x allows traders to magnify potential gains. However increasing leverage will also tighten the liquidation price. Ooki is the first decentralized margin trading platform to offer fully decentralized limit orders. Limit orders are an advanced trading feature which unlock amazing new trading features allowing traders to specify exact entry and exit points, as well as stop losses.
Opening A Trade
With Ooki Protocol traders can enter margin long or margin short positions. When entering a position, a user deposits collateral and can utilize leverage by borrowing against the position in order to magnify gains. When a user enters a short position, they can profit from the decline in price of the underlying asset. Conversely when opening a long position, a trader profits from an increase in price in the position.
Managing your Trading Position with Ooki.
Ooki Protocol enables easy management of open long or short margin positions through the open positions tab. Below we will explain how you can easily adjust your open margin position. The user can view open positions in two places: The open position for a given trading pair at the bottom of the “Chart” Tab, or view all open positions across all different trading pairs under the “Positions” Tab.