What Is Cook Finance (COOK)?

Cook Finance is a platform for transparent and flexible DeFi cryptocurrency indexes. Here, building a portfolio or creating one with a simple set of tools is quite easy and quick. As a two-sided platform, it is easy for users to select from a menu of indexes across multiple chains and is suitable for a wide range of users. 

• Index Selectors: Cook's index selectors enable users to select indexes from a menu across multiple chains.

• Creators of Indexes: Cook allows approved users to create any index across multiple chains easily.

According to its whitepaper, holders of COOK tokens determine the Cook project's governance. $COOK allows community members to create a Cook Improvement Proposal (CIP) and vote on existing proposals. 

$COOK represents a governance token used in the COOK governance platform for creating proposals and voting on them.

Modeled after Uniswap governance model, the governance process helps the Cook Finance community become deeply involved in every aspect of the Cook platform: making suggestions, making changes, and voting on the updates. As part of the Cook governance process, $COOK must participate in all aspects. 

The Cook Improvement Proposal (CIP) consists of adding new functionality to the Cook platform or modifying existing components. Generally, these proposals follow the same process as Ethereum's Improvement Proposal (EIP).

For each of the following three scenarios, a COOK Governance Process 1.0 CIP can be developed:

• The community can create a new recipe (index) and use COOK tokens to pass/reject it.

• The community can propose new recipes (indexes) updated, and the proposal can be accepted/rejected using COOK tokens.

• The community offers a new liquidity mining program and allows or rejects COOK tokens.

CIPs may be used to propose upgrades and changes to Cook Protocol smart contracts and Cook platforms in the long-term future. 

History of Cook (COOK)

Adrian P. is the founder and CEO of the Cook Finance protocol.