The first half of the year has almost drawn to a close, marked by both significant highs and dramatic lows in the cryptocurrency landscape. We've seen the SEC litigating against both Binance and Coinbase, while MiCA's inception looms on the horizon.
Regulations in the crypto domain remain ambiguous. What qualifies as a security? What does not? At the very least, an agreement has been forged between the SEC and Binance.US. Additionally, the Hinman emails have finally been unveiled, and popular crypto influencers on Twitter have fallen victim to hacking. The situation continues to be tense and stimulating.
On the other hand, more and more big companies like BlackRock want to launch a bitcoin NFT. The question is: where will all this lead us? Up only? We'll see...
Amidst all this, what has been happening at Ooki over the past six months? Let's delve into the activities and accomplishments of Ooki.
Q1/Q2
For the Tradooors
- The dashboard now leverages wider screens to display more content.
- Open positions can be viewed either as a list of cards or rows.
- Candlestick charts for USDC pairs now default to USDT in the absence of historical data.
- The trade setup panel can be minimized to create more room for the positions list.
- Work is ongoing for Permissionless Listing, with primary focus on price feed and loan pool backstop mechanisms.
- Swap contracts are being refactored for Permissionless Listings.
- wstETH is available for margin trading with up to x10 leverage, and can also be used as collateral.
- stMATIC can be used for margin trading with up to x5 leverage, as well as for lending and borrowing.
- $ARB can be used for margin trading with up to x5 leverage, as well as for lending and borrowing.
For the Statisticiansss
- A new chart displaying TVL data has been introduced.
- The response times of the charts have been enhanced.
- Work is underway on other features, such as token-related statistics.
- The ability to compare statistics of different tokens will be available soon.
For the Devsss
- Smoke tests for upgrading the protocol to Solc's version 8 for both Arbitrum and Mainnet have been refined and universalized.
- The Optimism upgrade, aligning with the migration of the Optimism mainnet to Bedrock. This enables performance improvements in transaction costs, throughput characteristics, and sync speeds.
- Ooki's pricefeed has been upgraded to Chainlink USDT and USDT Oracles to safeguard against a potential USDT/USDC depeg.
- Ooki has transitioned to IPFS to enhance its decentralization.
But Kind Ser - Marketing?
- The Ooki token has been listed on Nabox Wallet.
- The Ooki token has been listed on Gate.io as a borrowable asset.
- The Ooki token has been listed on Flitpay.
- The Ooki logo has been redesigned and existing advertising and informational material have been revised due to copyright disputes.
Q3/Q4
What’s next? Can’t stop – wont stop!
The second half of the year promises to bring many more exciting developments...
Top of the list are permissionless listings, enabling any token to be used as collateral to borrow USDC from internal lending pools. Trade what you want, with what you want!
Another critical feature we're introducing is Limit Orders, a tool that is still scarce in DeFi. With it, you'll gain control over your payment amounts and earnings. You can make precise calculations, avoiding any unwelcome surprises!
And of course, our loyal Ookinauts deserve rewards! Get your very own Ooki NFT, customize your trading account and... YES - Reap the benefits of owning an Ooki NFT. We're talking about fee discounts, potential for higher staking revenues, and whatever other perks the DAO can come up with!
Q3 and Q4 promise to be thrilling times again! Stay in the game and be a part of our journey!
We extend our heartfelt thanks for your continued support and loyalty. Here's to a prosperous and exciting second half of 2023!
About Ooki
Ooki is a protocol for margin trading, borrowing, lending and staking enabling the building of Decentralized Applications for lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on multiple blockchains. Ooki is a fully decentralized, community-run DAO, governed by the community vote for all major changes to the protocol. Ooki users can engage in margin trading with up to 15x leverage using a fully decentralized trading platform.
