The Cook protocol is built on top of the Ethereum blockchain which forms a common asset management platform, giving investors the choice of asset management vehicles from fund managers. Funds can be managed passively or actively via the whitelisted DeFi protocol. For each investment fund, the ERC-20 token is unique -
proportionate to their contribution to the funds - issued to investors. Investors can release tokens at any time in exchange for an equal base asset.
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 similar to stocks on the stock market, especially with financial products such as exchange-traded funds (ETFs). So, ckToken is the same as 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 equivalent assets which can then be traded among investors, providing convenience and reducing transaction costs.
A fund manager initializes a fund by defining an overall strategy and fee structure, accepting assets and access limits to each of the whitelisted DeFi protocols. Cook Protocol allows fund managers to describe investment strategies to attract suitable investors. Funds are then pooled from investors into a smart contract so that the fund manager can allocate passively by following a specific index or actively by managing multiple financial product streams.
Cook Protocol establishes a transparent and flexible asset management platform suited to diverse investors and asset management service providers alike. Investors can monitor a manager’s fund allocations without worrying about fund security or foul play. At the same time, fund managers can leverage Cook Protocol to gain access to investors and carry out virtually any investment strategy without having to opensource the strategy.
Cook Protocol solves common problems in this sector by creating a decentralized asset management platform based on the Ethereum Blockchain to provide its users with robust asset management services. The platform designed by them provides an opportunity for investors to be able to access high-quality asset management services without going through a complex process to enter the Decentralized Finance market. Investors only need to choose a suitable investment strategy and send cryptocurrencies to a smart contract of their choice. In addition, the Cook Protocol ensures liquidity and verified and audited Smart Contracts, Ensuring safety and efficiency for each process. By using a smart contract that provides fair incentives for its users, ensuring a healthy flow with increasing demand over time.
Our mission
- Provide monetary experts with safe, clear and outstanding assets for board organization.
- Provide savings and gadget board asset combinations to the shop head.
Vision
- To democratize the organization of safe, clear and extraordinary money with suffering, fruitful results.
- Become a decentralized asset that moves the world on the stage.
Simply put, the Cook Protocol was created for one purpose only, to demonstrate a trading platform that meets quality standards for all members of the cryptographic community, from professionals to newbies who are far from advanced technical tools, with secure, clear and transparent assets.
Advantage
The Cook Protocol establishes a transparent and flexible asset management platform suitable for a wide variety of investors and asset management service providers. Investors can monitor managers’ fund allocation without worrying about fund safety or cheating. At the same time, investment managers can take advantage of the Cook Protocol to gain access to investors and execute almost any investment strategy without having to open a strategy.
Use of the COOK token
● Update DeFi Whitelist: The entire Cook token community can also decide whether to add or remove certain DeFi protocols to the protocol-level whitelist
● Adjust Platform Fees : Token holders (Cook) can decide to increase or decrease the fees charged on the Cook Protocol platform.
● Modify Governance Model: If token cook protocol holders are not satisfied with the current governance model, Investors can also propose modifications to better serve their interests
● Change Pricing Oracle: Cook Protocol uses the price oracle feature to calculate the value of investment funds. Token holders can also choose to update oracle prices.
● Add New Features: Token Cook can also be used to assign voting rights to feature additions at the protocol level.
Token info
- Token Symbol - COOK
- Network : Ethereum
- Type: ERC20
- Total Supply : 10 billion
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The platform offers the following benefits:
- Investors can access high-quality asset management services without professional knowledge of decentralized finance (DeFi). They only need to select the appropriate investment strategies and send cryptocurrencies to the corresponding smart contract to obtain ckTokens (fund-specific LP tokens). They can sell or redeem ckTokens at any time.
- Fund managers can create funds, configure investment strategies to attract investors, and use tools on the platform to execute investment strategies.
- Smart contracts guarantee security of the funds and transparency of the underlying assets by limiting the access of fund managers.
- Decentralized Autonomous Organization and Tokenomics incentivize global investors and fund managers to interact with each other via smart contracts deployed on Cook Protocol.
Passive investors interested in index-based investing strategies desire a selection of high-level low-fee funds that track the growth of an index or industry. Investors with higher risk-tolerance who seek higher returns require professional fund managers who will bring extensive experience and advanced trading techniques to the table. Cook Protocol aims to become a platform that matches a wide range of investors’ and fund managers’ needs while remaining trustless and transparent.
For more information :
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
Github: https://github.com/CookFinance
Twitter: https://twitter.com/cook_finance
Linkedin : https://www.linkedin.com/company/cook-finanace/
Reddit : https://www.reddit.com/r/CookProtocol/
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