About

Ooki defines a protocol for decentralized lending, trading, and borrowing. It employs a hybrid order model, where third-party relayers each maintain their own order book while orders are settled on-chain.

History

The Ooki (previously bZx) protocol allows permissionless borrowing and lending in order to facilitate leveraged trading. The protocol itself does not collect fees and allows permissionless integration into the underlying liquidity pools. There are currently two products built on top of Ooki: Fulcrum and Torque. Fulcrum is crypto margin trading, whereas Torque provides crypto loans.

What sets the Ooki Protocol apart from other decentralized lending protocols is its commitment to developing the most decentralized solution possible. The Ooki Protocol is currently the only lending protocol to make use of decentralized price feeds for calculating interest rates and the unique architecture of Ooki makes it so the gas fees do not increase linearly with the number of assets on the protocol.

Currently Ooki supports margin trading borrowing and lending on the following blockchains: Ethereum, Binance Smart Chain, Polygon.