Cook Protocol : Decentralized Asset Management Protocol

tygeryan (25)in #defi • 4 years ago (edited)

Introduction

Decentralized Finance is abbreviated as DeFi or decentralized finance) is a general term for blockchain-based financial services, especially Ethereum which is very popular and widely used today. With DeFi, you can do most of the things that conventional banks support, such as earning interest, making loans or loans, buying insurance, trading derivatives and trading assets and others, but with DeFi you can do it all faster and less. Requires documents or a third party because DeFi runs on a smart contract on the blockchain. Like crypto in general, DeFi is global, peer to peer (meaning that it is directly between two people and not routed through a centralized system), pseudonymous and open to everyone.

Why is DeFi so important?

DeFi took the basic premise of Bitcoin and developed it, creating an alternative to a new financial system, but without all the associated costs including office, floor trader and employee salaries. With this DeFi has the potential to create a financial market alternative that is more open, free and fair that can be accessed by anyone with access to an internet connection.

What is the Cook Protocol?

Cook Protocol is a platform built on top of the Ethereum blockchain which connects retail investors with professional fund managers. The Cook Protocol provides retail investors with a wide selection of very attractive options such as asset management offered by various professional asset managers, so that investors do not need to understand sophisticated concepts to get on the DeFi train. Investors only need to choose the strategy they prefer and risk-averse investors can choose more passive index-based investments, while investors looking for high returns can choose investments that they manage more actively.

In addition, the money from investors is pooled together to be allocated by the fund manager. Gas fees in Ethereum can also be shared among different investors in the same mutual fund. Therefore, the Cook Protocol makes DeFi much more accessible and secure for the casual retail investor.

Unlike other traditional asset management platforms, all Cook investment funds are based on blockchain. Therefore, the risk index and return information associated with a particular investment fund are fully transparent and can be trusted by investors. Investors can also track data on the blockchain. In addition, each mutual fund is also equipped with access control so that fund managers can allocate assets that are locked but cannot withdraw their funds. Thus, investors' money is completely safe and reliable in the Cook Protocol.

Overall, the Cook Protocol is a cutting-edge blockchain project that seeks to make DeFi's high returns accessible to the rest of the world, the Cook Protocol brings financial options to an underserved community of investors.

Cook protocol feature

Cook Protocol will now enter the crypto asset management market, which is currently also worth hundreds of billions of dollars and is rapidly growing exponentially. The Cook Protocol allows its investors to choose the most suitable investment options provided by the investment manager. Cook Protocol also provides investors with a sleek and easy interface and fund managers with powerful trading tools.

● Investor

User-friendly UI: Simple and sleek interface to help users navigate through the land of the sophisticated DeFi world.
Investment Variety: An index-based fund that is actively managed
Security & Transparency: The security of funds and transparency of information is guaranteed by the ethereum blockchain smart contract

● Asset Managers

Lower initialization fee: Elimination of large legal fees and various fees for initiating fund management and management and receiving money from investors
Professional trading tools: Access to various financial markets and blockchain-based trading tools, such as token price prediction models
IP protection: No need for an open source investment 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.

Distribution And Details:

RoadMap:

Conclusion

Cook protocol offers all attractive aspects that make it easier for retail investors and profit information related to certain investment funds to be fully transparent and reliable. Investors can also track data on the blockchain and besides that, each mutual fund is also equipped with access control so that fund managers can allocate assets that are locked but cannot withdraw funds. Thus, investors' money is completely safe in the Cook Protocol.