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What is Cook Finance?
Cook Finance is a transparent and flexible DeFi Index platform. It provides a two-sided platform that caters to a diverse range of users, making it easy to select from a menu of indexes across multiple chains. On the other side of the platform, index creators can utilize tools to create virtually any imaginable strategy and offer it to the Cook community.
What are Index Selectors in Cook?
Index Selectors can navigate a platform that simplifies learning about new DeFi Indexes and checking their performance. There's no need to spend hours researching thousands of tokens, learning how to yield farm, or chasing the latest DeFi trends. Just select an index that provides exposure to a basket of cryptocurrencies.
What are Index Creators in Cook?
Index Creators play a vital role in the Cook vision of creating a massive two-sided index platform. Users can utilize some of the best available DeFi tools to create an incredible array of DeFi Indexes. The possibilities of indexes are only limited by the individual creator's imagination.
What are the Token Utilities of Cook?
- Modify the Governance Model: Token holders can propose modifications to the governance model.
- Allocate the Community Treasury: Token holders can vote on how and when to start incentive programs and distribute COOK tokens from the Community Treasury.
- Update the DeFi Whitelist: Token holders can decide whether to add or remove a particular DeFi protocol to the protocol-level whitelist.
- Change the Pricing Oracle: Token holders can vote to update the price oracle used for calculating investment fund values.
- Adjust the Platform Fees: Token holders can decide to increase or decrease fees charged on the Cook platform.
- Add New Features: Cook tokens can be used to vote on adding new features to the platform.
Where to Buy Cook?
Cook can be purchased on several of the largest decentralized exchanges including Trader Joe, Pangolin, Uniswap, and PancakeSwap.
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Popular Q&A
- Can you explain the potential effects of Cook Protocol on the cryptocurrency market? How does it differ from other protocols? What are the advantages and disadvantages of using Cook Protocol?2021-11-26
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