Get answers to frequently asked questions about Ooki Protocol.
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.
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.