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Fees
List of fees for various activities undertaken on Ooki Protocol:
Activity | Fee | Blockchain |
|---|---|---|
Opening a Loan (Origination Fee) | 0.0% | All |
Lending (From Profits) | 10% | All |
Flash Borrow | 0.03% | All |
Trading | 0.15%* | All |
*Trading fee listed above does not include DEX fees used to execute trade.
With Ooki's Dex Selector, Ooki allows users to select the DEX they prefer when executing trades. Currently Ooki supports the following DEX's: sushi, uni v3, and pancake.
Other dexes are planned integrations as of now: Kyber, Curve, Uniswap v2.
Users of the OOKI protocol receive a discount on trading fees listed above simply by holding OOKI tokens in their wallet (applicable to all chains):
OOKI Amount | Discount Amount |
|---|---|
100,000 OOKI | 10% Discount |
1,000,000 OOKI | 15% Discount |
10,000,000 OOKI | 20% Discount |
Paying with OOKI gets another 30% discount. Paying with OOKI may not always be exactly 30% discount due to price fluctuations and discrepancies between feed and current market price though.
Example: If a user has $10 in fees and opts to "Pay with OOKI" and also has 10m OOKI in their wallet. The users discount amount would be the following: $10 x 0.8 x 0.7. So the users total fees would be reduced to $5.6 from $10.
Last modified 10mo ago