Cook Protocol : Decentralized asset management Protocol

Introduction

This system is a decentralized wealth handling platform innovated on an ethereum-based blockchain that represents a universal wealth handling system, and provides investors with the opportunity to get the choice of wealth administration agent from account administrators.

Actual accounts can be handled by existing ones without being actively or actively involved in the process through a list of approved items of the Defi protocol, so that any investment account that has a special ERC20 coin equal to its contribution to their account, will be awarded to investors.

Investors will be able to issue their coins whenever they want, and exchange them for assets of their choice which are the same as their coins, Crypto wealth is received by certain accounts and can be exchanged for ERC20 coins even though it represents a partial holder of the Account.

ERC20 coins or ck are specific to each account and can be exchanged among investors or exchanged for important assets on the account. The notion of ck tokens is comparable to some in the stock market, especially fiscal outputs such as exchange-traded funds (ETFs).

Ck tokens are equal to an odd number of a holder's investment account with a value equivalent to the value of the investment account. ERC20 coins are changeable wealth which will then be exchanged within investors, it will bring satisfactory transactions and minimize trading costs.

The account administrator will set up the account by exploring possible fees and structures, the system allows the account administrator to explain the possible ways to find eligible investors.

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.

Benefits of the Cook Protocol

Each fund in the Cook Protocol platform has a suitable smart contract and a special ckToken fund to represent ownership. As each type of ckToken conforms to the ERC-20 standard, ckToken can consist of other ckToken, it is possible to have one token to represent an unlimited number of other tokens.

Since funds can be structured in the Cook Protocol, several layers of abstraction can be established. Hence, funds also function like Lego blocks which can be used to build high-level financial products and decentralized applications.

Token Cook is a governance token that allows token holders to shape the future of the Cook Protocol. Token holders can also submit proposals and vote to initiate incentive programs to grow the ecosystem, improve governance structures and enhance the platform.

More details on the Cook Token

Sixty percent of the tokens (6,000,000,000 Cook) will be allocated to the Cook community coffers to drive the growth and development of the Cook ecosystem. Cook token holders can choose to use the community treasury to encourage liquidity mining, ckTokens betting, community initiatives, and other programs.

• Platform: Ethereum
• Token type: ERC20
• Tokens sold: 1,000,000,000 Cook
• Token price: 1 Cook = 0.05 USD

Conclusion

So, in short the Cook Protocol is open source and only works as programmed. The Cook Protocol has been designed so that no owner or administrator can engage in fraudulent play with respect to the underlying asset. High-level traditional assets such as exchange-traded funds are often traded at a discount because these assets carry counterparty risk. Since the underlying assets are held by autonomous smart contracts that cannot be trusted under the Cook Protocol, no third party fails to comply with their contractual agreements.

For More Information

Website: https://www.cook.finance/
Twitter: https://twitter.com/cook_finance
Telegram: https://t.me/cook_english
Linkedin: https://www.linkedin.com/company/cook-finanace/
Reddit: https://www.reddit.com/r/CookProtocol/
GitHub: https://github.com/CookFinance

author : thefroly
wallet : 0x0F3100B2Bd2ABB80A49B16E5e234debbFeae2436