
Cook Finance Launches First Ever DeFi Index Platform on Avalanche
Alongside the new indexes that Cook Finance launched on Avalanche, a new feature dubbed Issue with Single Token has also been added.
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Cook Protocol is a completely decentralized asset management platform in the DeFi space built on top of the Ethereum blockchain. Fund managers can set up smart contracts and configure parameters like investment strategies and management fee. Investors can deposit cryptocurrencies into a smart contract to receive a corresponding amount of ckTokens to represent partial ownership of the fund.
A COOK token is a governance token used to propose and vote to make changes to Cook Protocol, while a ckToken represents ownership of a specific fund.
Alongside the new indexes that Cook Finance launched on Avalanche, a new feature dubbed Issue with Single Token has also been added.
The support for excellent cryptocurrency startups and projects has impacted the exchange’s native cryptocurrency – the GT Token.
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.