A low-cap, decentralized finance (DeFi) altcoin is surging after top US-based crypto exchange Coinbase added it to its listing roadmap.
Coinbase announced OOKI, the native asset of the Ooki Protocol, was added to the roadmap on Friday.
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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.
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