Defi Cook Protocol - is an innovative Defi protocol is coming in our way to join the game of Defi in the crypto world

Introduction

DeFi projects received much attention during the summer, attracting many investors with very high returns. However, in the autumn, the returns fell substantially. Although many people would argue that DeFi received a significant amount of hype, its user base continued to grow exponentially over the past few months despite a dramatic token price drop. While high yield and liquidity mining might be viewed as unsustainable, this article explains why DeFi is here to stay.

Based on these characteristics, the DeFi sector has grown exponentially this year. #Uniswap is a clear example of this explosive growth. One year ago, Uniswap only experienced a few million dollars in trading volume. However, this year, Uniswap already has tens of billions dollars in monthly trading volume, surpassing #Coinbase. The exponential growth demonstrates that users find much value in DeFi projects such as decentralized exchanges.

To understand why the DeFi trend is sustainable, an overview of traditional finance can be helpful. Financial corporations are highly regulated, operating in a relatively mature and closed financial ecosystem. Although regulations are intended to protect investors, they hurt innovation in the field tremendously. For instance, applying for access to an API at Bank of America could take years and become an insurmountable process. Also, since financial corporations highly value business continuity and service robustness, they tend to use mature and proven technolgoies, such as mainframe. However, it is difficult for such antiquated backend systems to support development and innovation in the same manner as server-client-based architecture and a cloud ecosystem.

What is the Cook Protocol?

The Cook Protocol is a platform built on the Ethereum blockchain that 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 ride the DeFi train. Investors just need to choose the strategy they prefer and risk-averse investors can choose index-based investments that are more passive, while investors looking for high returns can choose the investments they manage more actively.

In addition, 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 safer 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 is 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 solves a common problem in this sector by creating a decentralized asset management platform based on the Ethereum Blockchain to provide its users with powerful asset management services. The platform they designed provides an opportunity for investors to be able to access high quality asset management services without going through the complicated process of entering the Decentralized Finance market. Investors only need to choose a suitable investment strategy and send cryptocurrency to the smart contract of their choice. In addition, Cook Protocol ensures liquidity and Smart Contracts are verified and audited, Ensuring safety and efficiency for each process. By using smart contracts that provide fair incentives for its users, ensuring a healthy flow as demand increases over time.

Another interesting feature of the platform is the variety of investment options on the platform which allows investors to choose among the investment sects available on the platform. Investments are available in index funds and active management funds.

In fact, the investment system offered in the cooking protocol ecosystem is very transparent and gives users confidence. Everything is run and managed by Smart contracts, hence guaranteed reliability, transparency and accountability. Investors can also invest a small number of assets. Users do not have to have large capital before investing in the Cook Protocol. It is a platform for all and provides opportunities for both large-scale and retail investors to invest.

The Cook Protocol offers innovative trading tools that allow users to gain access to various financial markets and the latest trading tools developed on the Blockchain. Examples include tools for estimating the price of crypto assets

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

What Are TheKey Features Of Cook Protocol ?

Cook Protocol DeFi Platform connect investors with a simplified assets management platform and investment services . It is a robust DeFi Platform that offers Cryptoasset management services in a decentralized manner. Majority of the existing asset management platform offers centralized system of management service which is highly risky . There are so many investors out there that are not bold enough or inexperienced to manage investments and they mostly preferred to delegate their investment to capable hands. Cook Protocol is an ecosystem which allows everyone to invest irrespective of their experience . Beginners and Professional investors are both welcomed in the platform and they chose investment that suits their taste based on the available options given in the platform . The options are offered by the fund managers . Investors are offered a simplified user interface that will allow them interact with the platform while the managers provide cutting edge trading tools

Another interesting features of the platform is the varieties of investment options in the platform which allows investors to chose among the sect of the investments available in the platform . The investments is available in both index funds and the active management funds.

As a matter of fact, the investment system offered in cook protocol ecosystem is highly transparent and gives confidence to the users. Everything is run and managed by the Smart contracts , hence guaranteed reliability, transparency , and accountability. Investors can as well invest small amount in assets . Users don't have to be in possession of huge capital before investing on Cook Protocol. It is a platform for all and its gives both large scale and retail investors chance to invest .

Cook Protocol offers innovative trading tools which allows users to gain access to varieties of Financial markets and the latest tools for trading which are developed on Blockchain . Examples includes tools for crypto asset price forecast

Cook Token : ckToken

It is the management tokens developed for various functions in the platform . It can be used to perform all sorts of updates on the platform . Holders of ckToken have power to make decision regarding the removal or adding any DeFi Protocol Whitelist . The token can as well be used for the regulation of the platform fees . Cook holders have power to take decision regarding increasing or decreasing commission on the Platform . Additionally, Cook Holders have power to restructure the management model. They can change the model if they find out the existing model is not effective. Oracles are being used to calculate the value of the investment fund, ckToken Holders can vote on the oracle price change.

The COOK token is a governance token that can perform several protocol modifications, including:

Governance Model Modification: If token holders are not happy with the current governance model, they can suggest changes to further advance their interests.

Adjust Platform Fees: Cook token owners may consider increasing or reducing the fees paid under the Cook Protocol framework.

Change Price Oracle: Cook Protocol uses oracle value to measure the value of investment portfolio. Token holders can vote to update oracle prices.

Update DeFi Whitelist: The entire Cook token group will decide whether to introduce or remove new DeFi protocols to the protocol level whitelist.

Add New Feature: Token Cook can also be used to decide on adding protocol level functionality.

• Token Name: Cook
• Token Symbol: COOK
• Token Type: ERC-20
• Total Supply: 10,000,000,000

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.

Official Resources Cook Protocol

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/

Author : cryptojozz 0x6AaB8a727a208e4f6783acA2BDD88CB36b18eFfc