What is Oku Trade? Oku Trade helps users exchange assets, diverse products and experiences superior to current CEX exchanges. The project is expected to be a major development step for the DEX market at the present time. Uniswap Foundation also supports the project a lot and becomes a strategic partner. So what is Oku Trade? What is special about it that makes it so popular in the Fomo market? Let’s find out in this article!
To understand more about Oku Trade, people can refer to some of the articles below
- What is Decentralized Exchange (DEX)? The Role of Decentralized Exchanges in DeFi
- What is Uniswap (UNI)? Uniswap Cryptocurrency Overview
Oku Trade Overview
What is Oku Trade?
Oku Trade is a new generation exchange in the DeFi market. The platform offers products such as: TradingView charts, limit orders, liquidity provision and trading data tracking. With a user interface that is more intuitive and convenient than the CEXs we often use.
Oku is the most advanced front-end trading dApp powered by Uniswap V3. That means Oku only provides interfaces and side products, while Oku uses technology directly from Uniswap V3. The project lets users use Uniswap V3 products on supported chains through Oku’s interface.
It can be understood that Oku is a layer built on Uniswap V3, taking advantage of its liquidity and products. When trading on Oku, users are using Uniswap’s liquidity through a new, very friendly interface, especially fully supporting the utilities of a CEX exchange.
Oku is primarily supporting Uniswap V3 on blockchains such as Ethereum, Optimism, Arbitrum, zkSync Era, Polygon, Boba, and Moonbeam. The project also receives investment and support from the Uniswap Foundation.
Mechanism of action
Oku Trade offers the products listed below:
- Swap: Like other AMM DEX, Oku provides a Swap interface for users to swap Tokens.
- Trade: this product has many similarities with CEX, providing trading experience with Market and Limit Orders. In particular, Oku uses Chainlink Automation to automatically execute Limit orders on Uniswap V3.
- TradingView Charts: Oku combines with TradingView to create price charts for trading pairs.
- Orders: Where to update trading history and limit orders placed on Oku.
- Order Books: Order books for statistics on Limit orders placed on the user interface.
- Position Maker: Users can provide liquidity on Uniswap V3 through this interface.
- Live Analytics: Users can also view TVL and Transaction Volume for each asset type.
The Oku difference
Oku is the first product to combine DEX and CEX products together. Brings many conveniences to users. Especially having a simple, friendly interface for the DeFi market. In addition, Oku takes full advantage of the liquidity of Uniswap V3, the leading DEX in the market. Helps to reach the community and achieve the ultimate goal of development in this fierce market.
Development Roadmap
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Core Team
GFX Labs is the unit that directly builds and develops Oku Trade. They are experienced people and have good relationships with large projects.
Investors
Oku received $1.6M in funding or Grant from Uniswap Foundation.
Tokenomics
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Exchanges
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Oku Trade’s Information Channel
- Website: https://oku.trade/
- Twitter: https://twitter.com/okutrade
- Blog:
Summary
Oku Trade is a new project in the market, taking advantage of products from Uniswap V3 and developing a completely new interface. This interface surpasses CEX exchanges at the present time and meets all needs for CEX or DEX.
So, I have clarified what Oku Trade is? Oku Trade cryptocurrency overview. Hope this article brings you a lot of useful information.