A low-cap, decentralized finance (DeFi) altcoin is surging after top US-based crypto exchange Coinbase added it to its listing roadmap.
The roadmap consists of crypto projects currently under consideration to be included on the exchange’s growing list of supported assets.
The Ooki Protocol is a decentralized margin trading and lending platform that does not require verification. The project bills itself as a “financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free blockchain.”
“Ooki Protocol allows anyone to build applications that enable lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on Ethereum. Ooki is a community-run project, governed by the community vote for all major changes to the protocol.”
OOKI, the project’s governance token, is trading at $0.0076 at time of writing. The 611th-ranked crypto asset by market cap is up 22.20% in the past 24 hours and more than 33% in the past week. OOKI, however, remains down more than 87% from its all-time high of $0.060539, which it last December.
The exchange added OOKI to the roadmap this year to increase transparency and reduce the possibility of frontrunning their listing announcements.