Cook Protocol Price (COOK)

Cook Protocol is built on a cross-chain solution that establishes a generic asset management platform, providing investors with a selection of asset management vehicles from fund managers. Funds can be managed passively or actively through whitelisted DeFi protocols. For each investment fund, a unique LP token – proportional to their contribution to the fund – is issued to investors. Investors can divest the tokens at any time in exchange for the equivalent underlying asset.

Token Utility:

• Modify Governance Model: If token holders are unsatisfied with the current governance model, they can propose modifications to better serve their interests.
• Allocate Community Treasury: token holders can vote on how and when to start incentive programs and distribute COOK tokens from the Community Treasury
• 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
• 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.
• Adjust Platform Fee: Cook token holders can decide to increase or decrease fees charged on the Cook Protocol platform.
• Add New Features: Cook tokens can also be used to vote on adding features at the protocol-level.
• Launching funds: Fund managers must stake COOK to initialize new funds.