Cook.finance Defi Coin Review: Decentralized Asset Management Platform

About Cook.finance

Cook.finance Protocol is a completely decentralized asset management platform in the DeFi space built on top of the Ethereum blockchain. Cook Protocol is an open, transparent, and secure protocol, providing investors with more trustworthy investment choices while augmenting fund managers’ trading capabilities.

Cook.finance Fund managers can set up smart contracts and configure parameters like investment strategies and management fee. Investors can deposit cryptocurrencies into a smart contract to receive a corresponding amount of ckTokens to represent partial ownership of the fund.

Cook Protocol is a completely decentralized cross-chain asset management platform built for investors and professional asset managers to unlock an entirely new universe of DeFi innovations.

Quick Fact About Cook.finance

Mission & Vision

Cook Protocol was founded on the belief that everyone needs to have access to finance. We contend that decentralization holds the key to empowering people around the world to better manage their assets, and they are helping the world move in this direction by accelerating the transition to adopting decentralized finance.

Problems

Traditional asset management markets are opaque in revenue, profit, and risk information. They are usually limited to wealthy private and institutional clients due to inherent structural inefficiencies and hefty fee structures. Blockchain-based wealth management provides a promising alternative because of the open and transparent nature of blockchain technology.

However, existing blockchain solutions are often too sophisticated and technically obscure for ordinary investors. Moreover, none of them provides the necessary investment tools for professional fund managers to flexibly carry out a variety of strategies.

Solutions

To tackle the aforementioned challenges, we are creating an cross-chain decentralized asset management platform to provide ordinary investors with professional asset management services. The platform offers the following benefits:
1.Investors can access high-quality asset management services without
2.professional knowledge of decentralized finance (DeFi). They only need to
3.select the appropriate investment strategies and send cryptocurrencies to the
3.corresponding smart contract to obtain ckTokens (fund-specific LP tokens).
5. They can sell or redeem ckTokens at any time.

Ck Token?

A ckToken is an LP token that represents the ownership percentage of an investment fund. ckTokens can be redeemed for the underlying assets or traded at any time.

Governance work?

Party with at least 1% of COOK total supply can submit a governance proposal for changes on the platform. At least 5% of COOK total supply is required to vote to decide whether to pass the proposal. Passed proposal will get auto-executed within 2 days after voting.

 Protocol’s oracles do?

Cook Protocol uses multiple oracle services such as Chainlink, Band Protocol, Uniswap Oracle to get pricing information to determine the fund’s total valuation, the valuation of the assets deposited by investor, and the price of a ckToken. Cook Protocol is managed by a decentralized community of COOK token holders and their delegates, who propose and vote on upgrades to the protocol.

Features

Cook Protocol will tap into the crypto asset management market, which is currently valued at hundreds of billions of dollars and is growing exponentially. Cook Protocol allows investors to select appropriate investment choices provided by fund managers. They provide investors with a sleek and straightforward interface and fund managers with powerful trading tools.

Investors

• User-friendly UI: A simple, sleek interface to help users navigate through sophisticated DeFi land
• Investment variety: Index-based and actively-managed funds
• Security & transparency: Fund security and information transparency guaranteed by smart contract

Asset Managers

• Lower initialization fees: The elimination of hefty legal and various fees to begin fund management and receive money from investors
• Professional trading tools: Access to various blockchain-based money markets and trading tools, such as the token price predictive model
• IP protection: No need to open-source investment strategies

What is Cook (COOK) token used for?

COOK tokens are governance tokens that can accomplish a variety of updates on the protocol. A COOK token is a governance token used to propose and vote to make changes to Cook Protocol, while a ckToken represents ownership of a specific fund.

Modify Governance Model

If token holders are unsatisfied with the current governance model, they can propose modifications to better serve their interests.

Update DeFi Whitelist

The entire community of Cook token holders can decide whether to add or remove a particular DeFi protocol to the protocol-level whitelist.

Adjust Platform Fee

Cook token holders can decide to increase or decrease fees charged on the Cook Protocol platform.

Change Pricing Oracle

Cook Protocol uses a price oracle to calculate the investment fund values. Token holders can vote to have the price oracle updated.

Add New Features

Cook tokens can also be used to vote on adding features at the protocol-level.

Token Distribution

Mining: 60%

Part of the tokens is reserved for mining rewards.

Community Incentive & Airdrop: 10%

Part of the tokens is used to bootstrap the ecosystem.

Early Community: 10%

Tokens reserved for private sale to early community members willing to contribute to our ecosystem.

Business & Media Partnership 10%

Rewards for marketing and partnership.

Team 10%

Tokens allocated to the core developers and team members on a price-based release schedule after a 90-day cliff.

Is Cook Protocol safe?

Cook Protocol is very safe. Fund managers only have trading access but do not have any fund withdrawal access. In addition, Cook Protocol team uses high standards for coding and engages with third party audits to ensure code quality.