Ooki Protocol
Name
Ooki Protocol
Summary
-The Ooki Protocol (formerly known as the bZx Protocol) is a protocol that allows for margin trading, borrowing, lending, and staking.
-It was founded by Kyle Kistner and Tom bean in 2017.
-On December 18th, 2021, bZx will migrate its BZRX token, which is used to share fees in the ecosystem, to a new smart contract with a new ticker symbol.
Rating
Symbol
OOKI
Overview
Ooki is a decentralized protocol that allows lenders, borrowers, and traders to connect with the most flexible decentralized finance protocol on many blockchains using Decentralized Applications. Ooki is a completely decentralized, community-run project, with all important protocol updates determined by a community vote.
It is powered by Chainlink and Ethereum and the liquidity is primarily derived from the Sushiswap protocol.
Historical Price Movement (in INR)
Technology
Ooki employs a pooled lending model similar to dYdX or Compound, in which lenders contribute funds to a pool from which borrowers can draw as long as they secure sufficient collateral. Interest rates are calculated by dividing the number of loans taken out by the total amount of money in the pool, with market factors factored in. Ooki is built on Ethereum, Polygon, or Binance Smart Chain and supports their SDKs for programming.
Use of Native token in the ecosystem:
OOKI is the OOKI Protocol's native utility token, with the following applications:
Staking: OOKI token holders can stake their tokens in exchange for a percentage of the platform's revenue.
Users can submit and vote on governance suggestions to affect the protocol's development direction.
Vesting
21.35%
Presale
13.65%
Team
20%
BZX Builder Fund
20%
Security and Alignment Fund
5%
Ecosystem Fund
20%
Volume (as of 21st March 2022)
$58,931,361
Total Supply
3818092144
Circulating Supply
3.34B OOKI
Crowd Sales
It has raised around $2M in seed round
Funding
1/03.2018: Seed Round-$2M
Country
USA
Name of Organization
bZeroX, LLC.
Year Incorporated
2017
Registered Address
8 The Green, Suite A Dover, DELAWARE UNITED STATES 19901
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Kyle kistner | Co-Founder at bZx | Georgia State UniversityMaster's degree, Computational and Molecular Biology | 5 Yrs |
| Tom bean | CEO and Co-Founder at bZx | Georgia Institute of Technology: Bachelor’s Degree, Computer EngineeringGeorgia State University - J. Mack Robinson College of Business: Master of Business Administration (M.B.A.), MBA - Information Systems | 12 Yrs |
https://www.instagram.com/ookitrade/ 
