COOK PROTOCOL — The Platform for Decentralised Wealth Management

4 min readFeb 20, 2021

Hi everybody, my analysis today would be of a decentralized DeFi asset management network developed on top of the Cook Protocol named the Ethereum blockchain, built for both investors and providers of asset management services.

The aim of this platform is to offer decentralized finance, regardless of its venue, to everyone without technical expertise in the field of DeFi access.

The Cook Protocol presents a simple and easy-to-use framework for clients and competent investment wealth management software for fund managers.

The Cook Protocol platform enables investors to choose the relevant investment choices offered by fund managers, thus maintaining the long-term beneficial effect of secure, consistent and high-quality wealth management services.

In order to obtain the ERC-20 token — ckTokens, which is the percentage of ownership of the investment fund, investors must submit cryptocurrencies to the relevant smart contract after selecting the appropriate alternative. Investors earn ckTokens in relation to their donation to the fund, which they are entitled to sell or swap at any point for an equal commodity.

By controlling the access of investment managers, smart contracts ensure the protection of funds and accountability of money. To reflect ownership, each fund on the Cook Protocol platform has a corresponding smart contract and a dedicated ckToken.

As for fund managers, they build portfolios, set up investment strategies to draw buyers, and use network resources to execute these investment strategies via the Cook Protocol platform.

Relevant approvals are given to the manager for each investment fund in compliance with a smart contract, which enables the manager to assign funds to white-listed DeFi protocols such as Compound or Uniswap. The trustee of the fund collects wealth investment remuneration.

Fund managers and investors should give their funds an urgent lending service which, by interest accumulation, can provide additional benefits to their funds. The probability is negligible and the redemption of the loan is assured due to the blockchain’s atomic transaction feature.

It is important to remember that, while being a stable and open mechanism, the Cook Protocol strives to be a platform that serves the needs of a wide spectrum of investors and fund managers.

Cook Protocol utilizes many Oracle services, such as Chainlink, Band Protocol, Uniswap Oracle, in order to collect statistics on rates in order to assess the overall value of the portfolio, the price of the ckToken, the cost of funds invested by holders.

COOK token holders, who suggest and decide on improvements to the system, control the Cook Protocol.

That is, the COOK token is a token of governance that enables its holders to decide the Cook Protocol’s future.

Keepers of COOK tokens are therefore addressing problems:

● Reviewing the White List of DeFi;

● the sum of commissions paid on the Site of the Cook Protocol;

● To adjust the paradigm of management;

● to reload the price oracle;

● for the web to incorporate additional functionality.

In addition, COOK tokens may be used on the network to pay commissions.

100% of the platform payments are redistributed to COOK token holders who are actively engaged in building the ecosystem of the Cook Protocol.

It should be remembered that on the Cook Protocol platform, there are 2 layers of control:

1) power at the stage of the protocol, where all COOK tokens holders control

2) Fund level management, where the management is carried out by the trustee of the fund and its owners (holders of ckToken tokens). The operations of the foundation are managed collectively. In particular, 10 billion COOK tokens are minted in the genesis, of which:

The group treasury COOK would be allotted 60 percent to

10% benefits for the group and giveaways

● 10% of early group investors

● 10% for industry and media partners

10 percent to employees of the management, advisors

As for the platform team of the Cook Protocol, it comprises of highly experienced experts from world-class universities and leading organizations with significant expertise in both scientific and commercial growth, as well as in broad corporate and fast-growing start-up management experience.

For More Detailed Informations , Visit:

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/

Youtube: https://www.youtube.com/channel/UCGiAQqspfq9LE0XgFlywN7w/

Authorship Details:-

Telegram:- @nihal1993