Introduction
Decentralized Finance (or DeFi for short) refers to an ecosystem of financial applications built on top of blockchain networks.
More specifically, the term Decentralized Finance can mean a movement aimed at creating open-source, license-free, transparent financial services that are available to everyone and operate without centralized authority. Users will have full control over their assets and interact with the ecosystem through peer-to-peer (P2P) decentralized applications (dapps).
The main use of DeFi is ease of access to financial services, especially for those isolated from the current financial system. Another potential benefit of DeFi is that a modular framework built on interoperable DeFi applications on a public blockchain has the potential to create entirely new financial markets, products and services.
What are the main benefits of DeFi?
Traditional finance relies on institutions such as banks that act as intermediaries, and require arbitration.
DeFi applications do not require intermediaries or arbitrators. The code determines the resolution of any disputes that may occur, and users are in control of their funds at all times. This reduces the costs associated with providing and using the product and allows for a more self-reliant financial system.
Because these new financial services are installed on top of the blockchain, single points of failure can be eliminated. Data is recorded on the blockchain and spread across thousands of nodes, making censorship or potential shutdowns of service nearly impossible.
Because the DeFi application framework can be built in advance, it is easier and safer to install.
Another significant benefit of an open ecosystem is the ease of access for everyone who may not have had access to financial services. Because traditional financial service systems rely on the role of intermediaries for profit, their services are usually not available in locations where the population is low-income. However, with DeFi, costs are significantly reduced, and everyone on a low income also benefits from a wider range of financial services.
Introduce
Cook Protocol
What is the Cook Protocol?
The Cook Protocol is a unique decentralized asset management project based on the Ethereum Blockchain with the aim of providing a range of opportunities for investors and asset managers in the DeFi space.
The Cook Protocol aims to connect various retail investors with different professional asset managers with different asset management portfolios (depending on the level of risk). This gives investors the power to choose the type of investment they want based on their risk appetite. Investors without DeFi knowledge need not worry about being left behind, they just need to choose an investment strategy (low risk, low return or high risk, high return) they like and the cooking platform will connect their funds with the best asset management manager to manage their funds well. .
Advantages of the Cook Protocol
The Cook Protocol was created by the team based on the fact that everyone needs to have access to finance (unlike traditional finance). Therefore, the Cook Protocol aims to serve an underserved community of investors with access to decentralized finance.
Transparency: The Cook Protocol is fully transparent as all investment funds are located on the Blockchain, which makes it very easy for investors to track their funds and related data on the Blockchain. The risk and reward information associated with different investment funds is clearly transparent and investors can make informed and informed decisions based on this information.
Another interesting feature of the platform is the variety of investment options on the platform which allows investors to choose among the investment sects available on the platform. Investments are available in index funds and active management funds.
In fact, the investment system offered in the cooking protocol ecosystem is very transparent and provides user confidence. Everything is run and managed by smart contracts, thus ensuring reliability, transparency and accountability. Investors can also invest a small number of assets. Users do not have to have large capital before investing in the Cook Protocol. It is a platform for all and provides opportunities for both large-scale and retail investors to invest.
The Cook Protocol offers innovative trading tools that allow users to gain access to various financial markets and the latest trading tools developed on the Blockchain. Examples include tools for estimating crypto asset prices
Cook Protocol will now enter the crypto asset management market, which is currently also worth hundreds of billions of dollars and is growing exponentially. The Cook Protocol allows its investors to choose the most suitable investment option provided by the investment manager. Cook Protocol also provides investors with a sleek and easy interface and fund managers with powerful trading tools.
What Are the Key Features of the Cook Protocol?
Cook Protocol DeFi Platform connects investors with a simplified asset management platform and investment services. It is a powerful DeFi Platform which offers Cryptoasset management services in a decentralized way. The majority of existing asset management platforms offer centralized management service systems which are very risky. There are so many investors out there who are not brave or experienced enough to manage their investments and they prefer to delegate their investments to capable hands. The Cook Protocol is an ecosystem that allows everyone to invest regardless of their experience. Beginner and professional investors are both welcome on the platform and they choose the investment according to their taste based on the available options provided on the platform. Options offered by fund managers.
Another interesting feature of the platform is the variety of investment options on the platform which allows investors to choose among the investment sects available on the platform. Investments are available in index funds and active management funds.
In fact, the investment system offered in the cooking protocol ecosystem is very transparent and gives users confidence. Everything is run and managed by Smart contracts, hence guaranteed reliability, transparency and accountability. Investors can also invest a small number of assets. Users do not have to have large capital before investing in the Cook Protocol. It is a platform for all and provides opportunities for both large-scale and retail investors to invest.
The Cook Protocol offers innovative trading tools that allow users to gain access to various financial markets and the latest trading tools developed on the Blockchain. Examples include tools for estimating the price of crypto assets
Cook Token: ckToken
It is a management token developed for various functions on the platform. It can be used to perform all kinds of updates on the platform. The ckToken holder has the power to make decisions regarding deleting or adding the DeFi Protocol Whitelist. The token can also be used to set platform fees. Cook holders have the power to make decisions regarding the increase or decrease in commissions on the Platform. Additionally, the Cook Holder has the power to restructure the management model. They can change the model if they find the existing model to be ineffective. Oracle is used to calculate the value of investment funds, ckToken holders can vote on changes in oracle prices.
The COOK token is a governance token that can perform several protocol modifications, including:
Governance Model Modification: If token holders are not happy with the current governance model, they can suggest changes to further advance their interests.
Adjust Platform Fees: Cook token owners may consider increasing or reducing the fees paid under the Cook Protocol framework.
Change Price Oracle: Cook Protocol uses oracle value to measure the value of an investment portfolio. Token holders can choose to update oracle prices.
Update DeFi White List: The entire Cook token group will decide whether to introduce or remove a new DeFi protocol to the protocol level whitelist.
Add New Feature: Cook Token can also be used to decide to add protocol level functionality.
. Token Name: Cook
. Token Symbol: COOK
. Token Type: ERC-20
. Total Supply: 10,000,000,000
Roadmap
Conclusion
It is an ecosystem that allows everyone to invest regardless of their experience. Beginner and professional investors are both welcome on the platform and they choose the investment according to their taste based on the available options provided on the platform.
For more information on the Cook Protocol, check the following contacts
. Website: https://www.cook.finance/
. Whitepaper: https://www.cook.finance/whitepaper/?utm_source=bitcointalk&utm_medium=bounty&utm_campaign=bounty_phase_1
. Twitter: https://twitter.com/cook_finance
. Telegram: https://t.me/cook_english
. YouTube: https://www.youtube.com/channel/UCGiAQqspfq9LE0XgFlywN7w/
Author
My Bitcointalk username: Heri adul
My Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1377408
ETH: 0x81010Dc8e974F4A7295529e3FbE063689A04852C