Feb 25, 2021
Strategic Partnership Announcement: DuckDAO x Cook Protocol
At DuckDAO, we’re all about empowering the individual, by providing opportunities to access early-stage investment opportunities to promising startups through our DuckSTARTER launchpad, Farmcubation platform, and decentralized VC solutions.
In line with this goal, we’re always looking to establish partnerships with promising startups that align with our values — particularly ones that democratize access to earning opportunities that were previously reserved for accredited investors and VCs.
This is why we’re proud to announce our strategic partnership with Cook Protocol — a platform that looks to make investing in decentralized innovations more accessible, secure, and transparent.
DuckDAO will work with the Cook Protocol team to assist with strategy, marketing, growth, and more, helping the project reach its full potential.
What is Cook Protocol?
Cook Protocol is a platform that has set out to become the world’s leading decentralized asset management platform by creating a solution that allows users to easily invest in a range of DeFi-powered funds.
Through Cook Protocol, fund managers can easily set up funds and configure advanced investment strategies to maximize the returns for investors. These funds will be offered through the intuitive Cook platform interface, which allows users to select from a range of available funds, easily interpret its benefits and risks, and make their investment — without needing to have a major crypto or investment background to benefit.
These funds might include simple funds that track an index, or more active funds that are directly rebalanced by the fund manager/s. Beyond this, all funds launched on the platform will be secured by Nexus Mutual — a prominent decentralized insurance protocol.
$COOK is the native utility token of the Cook ecosystem and has a range of uses. One of the most important of which is protocol-level governance — allowing users to decide which DeFi protocols to support, adjust platform fees, and vote on new features, among other things.
Fund managers are required to purchase and stake COOK tokens to launch a new fund. COOK holders will also be able to decide how the platform fees derived from each fund will be distributed — i.e. whether they’re funneled to COOK token holders or used to buy back and burn COOK tokens on the open market.
🧠 Learn more about the project:
Find Out More About DuckDAO🐥
DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast track their progress on the path to success.
