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.
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. We provide investors with a sleek and straightforward interface and fund managers with powerful trading tools.
COOK tokens are governance tokens that can accomplish a variety of updates on the protocol.
The entire community of Cook token holders can decide whether to add or remove a particular DeFi protocol to the protocol-level whitelist
Cook token holders can decide to increase or decrease fees charged on the Cook Protocol platform.
If token holders are unsatisfied with the current governance model, they can propose modifications to better serve their interests.
Cook Protocol uses a price oracle to calculate the investment fund values. Token holders can vote to have the price oracle updated.
Cook tokens can also be used to vote on adding features at the protocol-level.
Part of the tokens is reserved for mining rewards.
Part of the tokens is used to bootstrap the ecosystem.
Tokens reserved for private sale to early community members willing to contribute to our ecosystem.
Rewards for marketing and partnership.
Tokens allocated to the core developers and team members on a price-based release schedule after a 90-day cliff.
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Cook 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.
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.
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.
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 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.
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.
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.
You just need to possess COOK tokens and then you can cast votes on proposals. You can also delegate your votes.