Cook Protocol COOK Price $ 0.000295

Cook Protocol is a decentralized cross-chain asset management platform enabling investors and professional asset managers to unlock the potential of DeFi innovations. The platform looks to tap into the rapidly growing crypto asset management market, which is currently valued at hundreds of billions of dollars. On the Cook Protocol platform, investors can select any of the wide range of investment options offered by fund managers. It provides investors with a sleek and straightforward interface and fund managers with powerful trading tools so they can maximize profits.

What is Cook (COOK) token used for?

COOK tokens are governance tokens that can accomplish a variety of updates on the protocol.

Update DeFi Whitelist

• The entire community of Cook token holders can decide whether to add or remove a particular DeFi protocol to the protocol-level whitelist

Adjust Platform Fee

• Cook token holders can decide to increase or decrease fees charged on the Cook Protocol platform.

Modify Governance Model

• If token holders are unsatisfied with the current governance model, they can propose modifications to better serve their interests.

Change Pricing Oracle

• Cook Protocol uses a price oracle to calculate the investment fund values. Token holders can vote to have the price oracle updated.

Add New Features

• Cook tokens can also be used to vote on adding features at the protocol-level.