Cook Protocol | A Decentralized Asset Management Protocol

festdfirst (39)in #defi • 4 years ago (edited)

Digital assets like cryptocurrencies may have presented us with a variety of instruments to create wealth.
But, one important feature that has been missing is how to manage crypto assets effectively so that wealth can be adequately created out of them.

Cook Protocol is launched to resolve some of the issues that are currently reducing the adoption of many crypto asset management platforms.
As a new decentralized asset management protocol that wants to do better than the others before it, Cook Protocol will be rolling out the following features:

Open DeFi Ecosystem

Although the Decentralized Finance (DeFi) industry is still in its teething days, many people are yet to buy into the concept.
Something similar happened during the early days of Bitcoin when millions of people around the world turned a blind eye to it.

However, there is a whole new level of opportunity in the Decentralized Finance (DeFi) industry. And for those opportunities to be tapped, the system has to be opened up for both experienced and new investors to use it. That is exactly what Cook Protocol does by creating a decentralized asset management platform that is based on the Ethereum blockchain network.

It will also interest you to know that you don’t necessarily need to be an experienced DeFi investor or enthusiast to use this ecosystem.
Instead, Cook Protocol designed everything in a way that you can start investing in DeFi assets simply by selecting the appropriate instrument or DeFi asset that you want. You can then proceed to make your investment by sending cryptocurrencies or any other supported digital asset to the corresponding smart contract of the asset so that you can obtain the ckTokens.

Decentralized Autonomous Organization

A decentralized system of governance is also a part of the disruptions that the Cook Protocol is bringing into the DeFi industry.
The dedicated Decentralized Autonomous Organization (DAO) works alongside the Token Economics so that both governance and adequate rewards to deserving users can be coordinated from one end.

Now, the DAO used by the Cook Protocol works by allowing both the fund managers and the investors from different parts of the world to interact in one ecosystem.
This does not only bolster trust and transparency. It is also a veritable avenue for incentives and rewards to be given to both investors and fund managers who perform well.

Excellent and Real-Time Fund Creation

The Cook Protocol also creates a system for fund managers to raise funds for any DeFi project/asset they believe would boom in the future.

This new system of creating DeFi fundraising is solely left at the discretion of fund managers who get to decide how to configure and fine-tune the investment options to be all-inclusive.

Secured DeFi Investments

Last but not least – the Cook Protocol complete transparency and security of funds raised via the protocol.

The underlying Smart Contract technology does not only offer a guarantee of funds because of the anonymity. It also ensures that the investors are in the know of how fund managers utilize the funds they raised.

Conclusion

Decentralized Finance (DeFi) is a huge industry in the digital asset ecosystem. With more products being rolled out, the Cook Protocol hopes to set the pace on how decentralized assets should be managed for the utmost benefit of everyone interested in them.

Roadmap