Source of Image: https://www.cook.finance/whitepaper
Cook protocol is a decentralized asset management platform that is rudimentally ethereum predicated, that can be facilely accessible for both investors and professional asset managers in the Defi world.
The best part of it is that Cook Protocol runs a transparent and flexible asset management platform that sanctions investors to manage or monitor its fund allocation with tranquility of mind as regards fund security.
An investor invests a crypto asset that is received by a certain fund in exchange for an ERC20 token, representing partial ownership of the fund. The ERC-20 token, or ckToken, is unique to each fund and can be exchanged among investors or exchanged for the underlying assets in the fund. The concept of ckToken is homogeneous to stocks on the stock market, especially with financial products such as exchange-traded funds (ETFs). So, ckToken is equipollent to the percentage of investment fund ownership whose value is proportional to the value of the investment fund. For each investment fund, ERC-20 tokens become equipollent assets which can then be traded among investors, providing accomodation and abbreviating transaction costs.
Cook Protocol solves prevalent quandaries in this sector by engendering a decentralized asset management platform predicated on the Ethereum Blockchain to provide its users with robust asset management accommodations. The platform designed by them provides an opportunity for investors to be able to access high-quality asset management accommodations without going through an involute process to enter the Decentralized Finance market. Investors only need to optate a felicitous investment strategy and send cryptocurrencies to a keenly intellective contract of their cull. In integration, the Cook Protocol ascertains liquidity and verified and audited Perspicacious Contracts, Ascertaining safety and efficiency for each process. By utilizing a keenly intellective contract that provides fair incentives for its users, ascertaining a salubrious flow with incrementing demand over time.
Source of Image: https://www.cook.finance/whitepaper
Decentralized System:
A decentralized system of governance is additionally a component of the disruptions that the Cook Protocol is bringing into the DeFi industry.
The dedicated Decentralized Autonomous Organization (DAO) works alongside the Token Economics so that both governance and adequate rewards to deserving users can be coordinated from one end.
Now, the DAO utilized by the Cook Protocol works by sanctioning both the fund managers and the investors from different components of the world to interact in one ecosystem.
This does not only bolster trust and transparency. It is withal a veritable avenue for incentives and rewards to be given to both investors and fund managers who perform well.
Open DeFi Ecosystem of Cook Finance:
Albeit the Decentralized Finance (DeFi) industry is still in its teething days, many people are yet to buy into the concept.
Something kindred transpired during the early days of Bitcoin when millions of people around the world turned a blind ocular perceiver to it.
However, there is a whole incipient caliber of opportunity in the Decentralized Finance (DeFi) industry. And for those opportunities to be tapped, the system has to be opened up for both experienced and incipient investors to utilize it. That is precisely what Cook Protocol does by engendering a decentralized asset management platform that is predicated on the Ethereum blockchain network.
It will withal interest you to ken that you don’t compulsorily need to be an experienced DeFi investor or enthusiast to utilize this ecosystem.
Instead, Cook Protocol designed everything in a way that you can commence investing in DeFi assets simply by culling the felicitous instrument or DeFi asset that you optate. You can then proceed to make your investment by sending cryptocurrencies or any other fortified digital asset to the corresponding keenly intellective contract of the asset so that you can obtain the ckTokens.
Benefits from Cook Protocol:
Investors can access high-quality asset management accommodations without professional erudition of decentralized finance (DeFi). They only need to cull the opportune investment strategies and send cryptocurrencies to the corresponding perspicacious contract to obtain ckTokens (fund-categorical LP tokens). They can sell or redeem ckTokens at any time.
Fund managers can engender mazuma, configure investment strategies to magnetize investors, and use implements on the platform to execute investment strategies.
Astute contracts guarantee security of the mazuma and transparency of the underlying assets by circumscribing the access of fund managers.
Decentralized Autonomous Organization and Tokenomics incentivize ecumenical investors and fund managers to interact with each other via astute contracts deployed on Cook Protocol.
Token Details:
Source of Image: https://www.cook.finance/whitepaper
Token Symbol - COOK
Network : Ethereum
Type: ERC20
Total Supply : 10 billion
More Details:
Website: https://www.cook.finance
Whitepaper: https://www.cook.finance/whitepaper
OnePager: https://www.cook.finance/one-pager-2
Telegram : https://t.me/cook_english
Twitter: https://twitter.com/cook_finance
Linkedin : https://www.linkedin.com/company/cook-finanace/
✒️Author's Information:
Bitcointalk Username: Rana590
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=993458
Erc-20 Address: 0x75792194Cbbe82a2277E9fB23ccB9E8e909A334e
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