April 5, 2021 – Singapore, Singapore
Cook Protocol, a cross-chain DeFi asset management protocol, has completed its initial decentralized exchange offering on DuckStarter and has successfully distributed the COOK token on three blockchains.
Cook Protocol is a decentralized platform for performing cross-chain asset management. The protocol allows anyone to create strategies for earning yield, which can be used passively by the Cook community. Fund managers have complete freedom in creating strategies and deploying them on multiple blockchains. Strategies can range from simple yield farming aggregation to advanced index funds and derivative-based trading systems.
Key to the success of Cook Protocol is COOK, a governance token that allows the community to modify important parameters of the protocol. Token holders can choose the strategies they wish to see, decide how much of the platform’s revenue should be used