Place/Date: Sunnyvale, United States - May 17th, 2021 at 6:12 pm UTC · 2 min read
Contact: Barry Ben Asher, Source: Cook Finance
The cross-chain decentralized asset management platform Cook Finance today announced the launch of its first DApp on Ethereum Rinkeby Testnet. The project has also invited its community members to preview the Testnet platform and share their feedback to help improve it. Soon after the Testnet version, Cook will then launch its Columbus version on the Ethereum Mainnet.
The excitement around the Testnet launch of the Cook Finance DApp is due to the fact that it is the first time the public will gain first-hand experience of how a cross-chain decentralized asset management platform differs from traditional asset management platforms. While traditional asset management platforms face challenges due to their opaque investment strategies and tight centralized restrictions, Cook is proud to give a glimpse into the future of decentralized finance by offering a fully transparent, decentralized and secure asset management platform.
The launch of the Testnet version of the DApp is a step forward for the team in improving the platform and ensuring that the community gets a say in how the project evolves over time. All community members of Cook Finance can now access the platform to explore its new UI under more dynamic conditions. The team will be taking feedback from all users and implementing necessary changes to help improve the DApp.
Adrian Peng, the CEO of Cook Finance said:
“We have come a long way, but one thing that has always been a priority for us is to be thorough in every step and every process. We do not want to rush anything and miss out on critical details and functionalities of the DApp. After careful planning, we are finally ready for the Testnet launch, which is a major step forward for us. This is an exciting time that will help us better understand how users interact with the platform and what parts of the UI we can improve in the future.”
Cook Protocol establishes a transparent and flexible asset management platform suited to diverse investors and asset management service providers alike. Investors can monitor a manager’s fund allocations without worrying about fund security or foul play. At the same time, fund managers can leverage Cook Protocol to gain access to investors and carry out virtually any investment strategy without having to opensource the strategy.