Cook Finance: DeFi Index Platform Built for the Future

[wwzsocki]

Cook Finance is a transparent and flexible DeFi Index platform. This two sided platform is suited to a diverse range of users to make it easy to select from a menu of indexes across multiple chains. At the same time on the other side of the platform, index creators can utilize tools to create virtually any imaginable strategy and easily offer it up to the Cook community.

Cook — Tokenomics 2.0

An Overview
In any ecosystem a delicate balance is essential for healthy functioning. For the COOK token ecosystem, that means creating new ways to enable COOK tokens to provide additional utility and in turn demand within the overall ecosystem. On the supply side, this means potentially executing new community proposed programs that will take a portion of the fees generated on the platform and set them aside for burning. This will in turn reduce the supply of the COOK tokens over time. As new community DAO proposals that specifically address tokenomics supply and demand are enacted, they will have the ability to foster a growing and healthy ecosystem that will improve the Cook platform.

Areas of Improvement on the Demand Side

Cook Utility — The Cook platform provides a wide array of ways to integrate and make COOK tokens a key part of driving the functionality of the platform. Specifically around participation in the DAO, index exclusivity, buying Cook NFTs and even being used for payments in online platforms such as ecommerce.

DAO — The Cook DAO was created to give the community a platform to become deeply involved in every aspect of the development of the Cook platform. To make suggestions, changes and to vote on these updates, COOK tokens will be required to participate in all aspects of the proposal creation stages and for voting on proposals. Currently, COOK tokens holders can propose to create new indexes. Later on, the intention is to add more functionality such as treasury management to the DAO so that COOK tokens will have even more governance power.

Index Exclusivity — As new indexes are launched in the future, some of the most popular indexes have the potential, if proposed and approved through the DAO, to be limited to users who have a minimum amount of staked COOK tokens or hold special COOK NFTs.

NFTs — As NFTs become more popular and a bigger part of the crypto world, they will be integrated into programs that increase community engagement. Cook recently launched a campaign where users were rewarded for participation in the Cook governance process. In the future, more NFT related campaigns will be launched and future COOK NFTs will potentially have even more utilities, such as early access to test new platform features. In order to get these future NFTs, community members will need to use COOK tokens to get them.

Good and Services Redemptions — Using utility tokens to exchange them for goods and services is a growing area and there are new partnerships with crypto payment platforms in development that will enable COOK holders to actually use the tokens to exchange for goods and services within the Cook ecosystem.

Areas of Improvement on the Supply Side

Burning Fees — As the Cook platform scales up, there will be significant growth in fees. While the majority of these fees will be directly funneled back to the community, a portion of the collected fees will be set aside to exchange for burning COOK tokens.

Transaction Fees— A portion of the fees paid to issue/redeem or transact indexes on the Cook platform will be used to exchange for and burn COOK tokens. Another portion of the fees will be distributed among the COOK token stakers as rewards. As more and more indexes are introduced on the platform, the amount of COOK burned and given out as rewards will increase proportionately.

Liquidity Mining Fees — For indexes with additional yields such as yield farming assets, a percentage of the yield rewards will be used to exchange for and burn COOK tokens. Also some percentages of the yield rewards will be distributed among COOK token stakers.

Other Fees — As marketing programs are created such as lottery games and NFTs, a portion of the fees that are collected will be used to exchange for and burn COOK tokens. Another portion of the fees will be distributed among the COOK token stakers.

Staking Pools — When the Cook community proposes and votes through new liquidity mining and staking pools, these incentives will serve to drive up the participation level from the community. While it would be great to set extremely high APYs with no lockup periods to attract a large amount of capital, this will have the negative effect of dramatically increasing circulating supply. In this ecosystem though, it’s important to reach a balance between the APYs, reward vesting periods, lockup periods and new pool launch frequency that will create the feedback loops that improve the health of the COOK ecosystem over the long term.

APYs — High APYs rewards will attract takers, however excessively high APYs also increases the COOK supply. Instituting a gradual decay in higher APY pools creates a healthier ecosystem. This will help reach sustainable TVLs which are important for a vibrant ecosystem.
Vesting Periods — A sudden release of a large amount of tokens might cause a supply shock. Therefore, token rewards with reasonable vesting periods will be implemented to ensure COOK token utility is not affected negatively.

Lockup Periods — Long term alignment is important to ensure that COOK token holders provide liquidity over time. Therefore lockup periods for staking will be regularly presented to the community for reviews and implemented to ensure a sustainable liquidity supply that will increase the utility of the COOK token.

Frequency — While liquidity mining and staking pools are very popular, oversupply of tokens may dilute the overall utility of them. Therefore, when new liquidity mining and staking pools are proposed and voted through on new L1 protocols or when there are major upgrades to the platform, these programs will be reviewed by the community. By closely engaging with the community, liquidity mining and staking programs will serve to improve the overall health of the ecosystem.

As these areas of improvements on both the demand and supply side are considered by the community, it is the intention that when implemented, the overall ecosystem will improve. In the long term it is in the best interests of all those involved with Cook to see a well balanced and growing ecosystem. With the Cook DAO there will be numerous opportunities for the community to create even better proposals that have the potential to improve Cook tokenomics such as those shared here and to create even more use cases for the COOK token.

The Cook 2022 Roadmap

As we look forward to 2022, the Cook team spent considerable time thinking strategically about the key milestones that we want to achieve this year, how these milestones will play into our long term vision and how Cook will tap into the tremendous opportunities provided within the rapidly evolving DeFi industry.

With the world of DeFi changing at breakneck speed, we strategically set these six milestones to focus on areas that we see rapid growth potential. These areas are ripe with opportunities for Cook to create new solutions that are greatly in need by users from both sides of the Cook platform.

At Cook our vision is to create a platform that will provide incredible value by making the world of DeFi Index selection and management easier than ever. The key milestones that we have set out to achieve this vision are outlined below to give a preview of what’s to come in 2022. Now as we continue to progress through this roadmap by adding new features and making new improvements, we couldn’t be more excited about the future of the Cook platform.

The Roadmap for 2022
Q1: UI/UX — No Wallet Required to use Cook
Q1: Indexes — New Yield and Lending Indexes - done
Q1: Chains — Launch on Top Chains - done
Q2: Program — Index Creator Program Launch - done
Q3: Platform — A Cook Pro Version for Institutions
Q4: Launch — DAO Treasury Management

DeFi is growing rapidly and we predict that one key segment of the market that will enter the crypto world this year will be the early mass market. While people in this segment may be familiar with the large CEXes such as Coinbase and Gemini, there’s a good chance they don’t have a Web 3.0 wallet yet. To make it easier for them to get into DeFi Indexes directly, we plan to build a feature that will enable anyone to get a DeFi Index through just an email address as the account login for the Cook platform.

Q1: Indexes — New Yield and Lending Indexes
As we build out the Cook platform we couldn’t be more thrilled to have our community come up with new ideas for indexes. Already we have some exciting ideas percolating up from the community. By discussing and exploring these new ideas, we want to harness the power of the community to come up with even more indexes. So as we look into the future, we’ll be launching programs to get the community involved in generating index ideas to launch on the Cook platform.

Q1: Chains — Launch on Top Chains
Continuing on our mission to bring the Cook platform to as many people as possible, we are planning to launch Cook on top of additional popular chains starting with the Binance Smart Chain. This will enable wider access of the Cook platform and enable the introduction of new indexes comprised of projects that are native to specific chains. The team expects these launches will accelerate the growth of users and TVL by tapping into new opportunities from rapidly growing top Layer 1 chains.

Q2: Program — Index Creator Program Launch
After accomplishing the first major milestone of opening up the platform to enable users to select from a menu of indexes, we will now open the other side to Index Creators. A significant amount of planning and thought is going into building out this major component as we want to provide the same simple user experience, that is currently had on the index selection side, also to the creator side. Additionally, scalability is one of Cook’s key value propositions and this program will open up valuable partnerships and trade routing opportunities across the crypto ecosystem and TradFi participants alike. This new component will be supported by Cook’s smart-contract based infrastructure and user-friendly interface to make it super easy to create a brand new index.

Q3: Platform — A Cook Pro Version for Institutions
As we continue to see a growing migration of traditional institutional participation in the crypto ecosystem to DeFi, the team is working to launch a “Cook Pro” version targeting institutional participants. In the proposed setup, intermediaries (e.g. crypto custodians, OTC) will play the role of whitelisters, whose responsibilities include: onboarding and conducting compliance reviews of their whitelisted wallet addresses to meet AML/CFT regulatory requirements. By creating a permissioned layer, institutions previously held back by uncertainties surrounding compliance/KYC will now be able to utilize some of our most advanced DeFi Index functionalities available on Cook such as “Issue Index from Single Token” and “Redeem Index to its components”. We believe the strong institutional demand for permissioned DeFi and index-linked return profiles will be two of the major factors that drive demand for Cook Pro.

Q4: Launch — DAO Treasury Management
With extensive growth in DAOs predicted in 2022, we will be building out features on the Cook platform that will make it incredibly simple for DAOs to diversify their respective treasuries through Cook Index offerings. By doing this DAOs will be able to better manage volatilities in their treasuries and match their cash expense outlays. Additionally, DAO treasuries seeking yield will have the opportunity to participate in yield bearing indexes on Cook to enhance their portfolio return while minimizing risk. Our Cook Treasury Management Suite will also feature administrative processes, controls and day-to-day risk management tools.

Cook Financee website: https://cook.finance/

Cook app: https://app.cook.finance/

Cook Governance: https://gov.cook.finance/

Twitter: https://twitter.com/cook_finance

Telegram: https://t.me/cook_english

YouTube tutorials: https://www.youtube.com/c/cookfinance

CMC: https://coinmarketcap.com/nl/currencies/cook-protocol/

Medium: https://cookfinance.medium.com/

sources:
https://cookfinance.medium.com/the-cook-2022-roadmap-457a3d0fe349
https://cookfinance.medium.com/cook-tokenomics-2-0-944827645580

[Goosebit.com]

what I like about Cook Finance is...
you just need to issue 1 index to invest in some cryptos.
it's like investing your money in S&P500 or NASDAQ100 index.

[crypto203]

A multi-chain project like Cook is the Future of Crypto currency like what Vitalik said on his one of his interview. Cook is a complete package project that gives many opportunities to invest in multiple ways and to earn passively! this is the next big thing in Cryptospace!

[kurniawan05]

this project has been running since a year ago, are you part of the team in this project? I have visited the cook finance website but couldn't find the team member profile and whitepaper.

[mandor]

this project has been running since a year ago, are you part of the team in this project? I have visited the cook finance website but couldn't find the team member profile and whitepaper.

If he part of the team project, then he will make a statement about it.
The only link given to find more information about their team is https://www.linkedin.com/company/cook-finanace/?viewAsMember=true
While their project whitepaper is available to read in here https://www.dropbox.com/s/p8j89qljoxl208k/Whitepaper.pdf?dl=0

[wwzsocki]

this project has been running since a year ago, are you part of the team in this project?...

No I am not a team member.

As you know COOK is DAO and investors can vote on proposals that are openly discussed and proposed by the community.

Here Cook governance website: https://gov.cook.finance/

So the team can be anonymous, there is no need to reveal their identities.

[Goosebit.com]

this project has been running since a year ago, are you part of the team in this project? I have visited the cook finance website but couldn't find the team member profile and whitepaper.

If he part of the team project, then he will make a statement about it.
The only link given to find more information about their team is https://www.linkedin.com/company/cook-finanace/?viewAsMember=true
While their project whitepaper is available to read in here https://www.dropbox.com/s/p8j89qljoxl208k/Whitepaper.pdf?dl=0

the tokenomic has been updated last year.
https://cookfinance.medium.com/cook-tokenomics-2-0-944827645580

speaking of the team, better check it on their tg and discord. they are active on those 2 platforms. check their Twitter too, you will find some pic where the team attended an event

[bittraffic]

this project has been running since a year ago, are you part of the team in this project? I have visited the cook finance website but couldn't find the team member profile and whitepaper.

If he part of the team project, then he will make a statement about it.
The only link given to find more information about their team is https://www.linkedin.com/company/cook-finanace/?viewAsMember=true
While their project whitepaper is available to read in here https://www.dropbox.com/s/p8j89qljoxl208k/Whitepaper.pdf?dl=0

the tokenomic has been updated last year.
https://cookfinance.medium.com/cook-tokenomics-2-0-944827645580

speaking of the team, better check it on their tg and discord. they are active on those 2 platforms. check their Twitter too, you will find some pic where the team attended an event

Been seeing their banners on Bitcoin conference videos. I was also curious about this project because of it. Cook Finance banner was even the background of the interview in Kitco news which I guess they vouch for this platform. I think they also did a bounty campaign here in the forum.

Its token price however is not impressive. Its price started at $0.30 and then drop to $0.001, its probably the best time to go buy up a stash for investors seeing the new market to rise.

[wwzsocki]

...Its token price however is not impressive. Its price started at $0.30 and then drop to $0.001, its probably the best time to go buy up a stash for investors seeing the new market to rise.

Cook is for sure undervalued and this is the right time to fill some bags just in case, if you are looking for low cap hidden gem.

as always everybody should do decent research and I am sure if you do you will be overwhelmed how advanced Cook project is

Like you said Cook price started with 30 cents with only with promises, now we have working products, governance, indexes, staking, yield farming, etc. and many of the se are unique, on of a kind, still Cook price dropped to 0.001$ - this is great example of undervalued hidden low cap gem that has a lot of potential to make very high returns (ATH - 300X)when discovered or when market will be really bullish for some time then Cook should also rise price wise, no matter what.

Of course this is only my opinion, ALWAYS DYOR people!

[crypto203]

This is the next big thing in Cryptospace! very promising project with many platforms that gives passive income! thats why Okex invest on Cook Finance. like what Vitalik said on his interview. a multi-chain projects like Cook is the Future of Crypto Currency!

[bittraffic]

...Its token price however is not impressive. Its price started at $0.30 and then drop to $0.001, its probably the best time to go buy up a stash for investors seeing the new market to rise.

Cook is for sure undervalued and this is the right time to fill some bags just in case, if you are looking for low cap hidden gem.

as always everybody should do decent research and I am sure if you do you will be overwhelmed how advanced Cook project is

Like you said Cook price started with 30 cents with only with promises, now we have working products, governance, indexes, staking, yield farming, etc. and many of the se are unique, on of a kind, still Cook price dropped to 0.001$ - this is great example of undervalued hidden low cap gem that has a lot of potential to make very high returns (ATH - 300X)when discovered or when market will be really bullish for some time then Cook should also rise price wise, no matter what.

Of course this is only my opinion, ALWAYS DYOR people!

The first days of COOK in the exchange was actually more than that. In gate its $0.80 which is impressive. They go through the usual route of the ICO teams which first release token, plan out and then develop the project. Now that they have some sort of products some investors are already discourage just by looking at its price drop.

If I have the money I would probably get some of this. Not everyone will view it the way you do so maybe when I see there is already an active bull run trend. If not I might just pass to wait for some opportunities, short term but currently happening.

[wwzsocki]

...If I have the money I would probably get some of this. Not everyone will view it the way you do so maybe when I see there is already an active bull run trend. If not I might just pass to wait for some opportunities, short term but currently happening.

you are right, a lot if not everything depends from each trader actual personal situation

I try to have my eyes open and look for such low cap hidden gems like Cook because they give big chance for fast and high gains when invested at the right time or if you can wait for them to come.

Aside of waiting with your bag you can make a lot of use and gains from your Cook holdings. Governance model gives the chance to have influence on the project future from the development side.

Cook Indexes are great and I am sure that everybody if not now then soon will indexes that will suit him well. Best thing is that you now create Indexes on Cook Finance, start proposals on Cook Governance and discuss them, if there will be enough support in voting such proposal will be accepted and implemented.

I like that COOK is DAO because it gives a lot of power back to investors and this already is proven and good governance model.

[indo1]

I believe cook finance is a project that was launched a year ago, because they are already listed on Coinmarketcap, the website is very light but has complete information. However, I think we have passed the previous DeFi era, now DeFi is starting to dim. Just thinking, if cook finance wants to be DeFi that lasts for the long term, what are their plans going forward to make their DeFi a DeFi that can be popular even though the DeFi season is over or will they get another DeFi season?

[crypto203]

This is the next big thing in Crypto space! Cook Finance! very promising project with a lot of potential! so many platforms that gives passive income specially their Yields and Crypto Indexes. thats why Okex invest on Cook Finance. this will be placed on top someday! Believe me! 

[wwzsocki]

This is the next big thing in Crypto space! Cook Finance! very promising project with a lot of potential!...

Fully agree with you, we have here project that is worth attention.

Cook is real hidden micro cap gem, that is undervalued totally.

A lot of possibilities to accumulate, so this is what I am doing, and wait for whales to discover Cook and pump it for me 

[kojektea]

As the name suggests, cook finance, will cook finance be related to cooking products or tools or services that integrate cooking with blockchain? I think it fits very well. They will certainly find it easy to get to the market, apart from that about food and cooking, I rarely see cryptocurrency projects related to that. If only cook finance plans to do it in the future, maybe they will be the first to go up.

[wwzsocki]

As the name suggests, cook finance, will cook finance be related to cooking products or tools or services that integrate cooking with blockchain?...

No it's not, please read my opening post, everything is explained there.

Here short description of what Cook Finance is:

Cook Finance is a transparent and flexible DeFi Index platform. This two sided platform is suited to a diverse range of users to make it easy to select from a menu of indexes across multiple chains. At the same time on the other side of the platform, index creators can utilize tools to create virtually any imaginable strategy and easily offer it up to the Cook community.

Cook Finance is a real microcap hidden gem that waits to be discovered.

[wwzsocki]

...I think we have passed the previous DeFi era, now DeFi is starting to dim. Just thinking, if cook finance wants to be DeFi that lasts for the long term, what are their plans going forward to make their DeFi a DeFi that can be popular even though the DeFi season is over or will they get another DeFi season?

People tend to say something like this about BTC - that is dead, same with DEFI is far from being dimmed in my opinion, why?

Because only thanKs to DEFI and tools they provide new solutions are build.

I think we will see many projects that will build further on the DEFI base adding more and make it more advance, like COOK Finance, they keep pushing all the time and add new features, you should check it for sure and make good research.

COOK Finance is one of a kind project - real hidden gem that allow you to create DeFi Indexes!

https://cook.finance/

[Goosebit.com]

As the name suggests, cook finance, will cook finance be related to cooking products or tools or services that integrate cooking with blockchain? I think it fits very well. They will certainly find it easy to get to the market, apart from that about food and cooking, I rarely see cryptocurrency projects related to that. If only cook finance plans to do it in the future, maybe they will be the first to go up.

if I am not mistaken, Cook Finance's "COOK" is related to Captain Cook. Then last year the theme rebranded to "COOK" in Cooking.
https://cookfinance.medium.com/improving-the-cook-brand-e0bbfb336d70

[crypto203]

Cook Finance is one of the best project ive ever seen. enables user to easily select from a menu of DeFi Indexes. very profitable! passive income is real!