Gold Rocket | Satoshi Club: <\/strong>We are with you again, our dear\nSatoshi Clubbers! We are pleased to announce AMA with Cook Protocol.<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Today\u2019s guest is @nate2x! Welcome!\nGreat to have you here!<\/p>\n\n\n\n Nate: <\/strong>HI everyone great to be here! Thank you!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Nice to e-meet you ❤️<\/p>\n\n\n\n Nate: <\/strong>Nice to e-meet you too!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>How are you feeling today ? I can\ntell you we’re super-excited to know more about Cook Protocol! 😁<\/p>\n\n\n\n Nate: <\/strong>I\u2019m doing great. Very excited to share\neverything that we\u2019ve been working on recently at Cook<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Cook Protocol was our guest on March\n17😊<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Then it’s a wonderful come back, we\nneed to hear the news!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>https:\/\/esatoshi.club\/satoshi-club-x-cook-protocol-march-17th\/<\/a><\/p>\n\n\n\n Nate: <\/strong>Thank you it\u2019s great to be back. We\u2019ve made\ntremendous progress since we were last here!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Let’s start! Introduce yourself\nplease. How did you get to be involved in crypto & Cook Protocol. And please remind us of the\nmain milestones that have occurred during this time<\/p>\n\n\n\n Nate: <\/strong>Sure let\u2019s do it<\/p>\n\n\n\n Nate: <\/strong>Hey everyone I\u2019m Nate the CMO of Cook Finance!\nJust to vie you a bit of background on myself I\u2019ve worked at top companies in\nthe marketing field including Havas Group which is a global ad agency, L\u2019Oreal\nas a brand maanager and in mobility tech as a marketing director.<\/p>\n\n\n\n Nate: <\/strong>I actually got started in the crypto space a\nwhilel back when I was working on a side project in the blockchain mobility\nspace back in 2018 then early this year I had the opportunity to dive deep into\ncrypto with Cook and it\u2019s been incredible to say the least!<\/p>\n\n\n\n Nate: <\/strong>So just to give a few updates on milesstones\nCook has achieved to date here are a few ones\u2026 <\/p>\n\n\n\n Cook\nAvalanche – Launched on 11\/30\/21 <\/p>\n\n\n\n Cook\nMainnet – Mainnet Launched on Ethereum 6\/30\/21 <\/p>\n\n\n\n Cook\nIndexes – ETH: Largecap Crypto, DeFi, NFT, Metaverse, Infrastructure and\nDerivatives <\/p>\n\n\n\n Cook\nIndexes – AVAX: Ecosystem, Stablecoin Yield Bearing, Mega Cap Yield Bearing<\/p>\n\n\n\n Cook Chains\n– Runs on AVAX, ETH and OEC. $COOK is on ETH, BSC, HECO and OEC <\/p>\n\n\n\n Cook\nIntegrations – Integrations with Chainlink, Unstoppable Domains, Huobi,\nGalaxy.eco<\/p>\n\n\n\n Cook\nCommunity – 10K+ $COOK Wallet holders achieved within 3 months of launching<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>it’s as incredible as your\nbackground👏<\/p>\n\n\n\n Nate: <\/strong>thanks!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Congratulations! These are really\noutstanding milestones! 🚀<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>You have done a lot during this\ntime!!!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>What’s even more amazing is how\nyou’ve managed to achieve all these in such a short span of time 🤩<\/p>\n\n\n\n Nate: <\/strong>Yes we\u2019ve been hard at work! thank you thank\nyou!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Give us a brief introduction to the\nproject. What is the essence of Cook Protocol😊<\/p>\n\n\n\n Nate: <\/strong>Alright sure let\u2019s dig into the good stuff and\ntalk about Cook!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Perhaps someone has forgotten or there\nare new Satoshi Clubbers<\/p>\n\n\n\n Nate: <\/strong>So Cook is basically a DeFi Index platform. Our\ngoal is to create a platform in this space that makes it easy for anyone to get\ninto the world of crypto through index investing. Especially foor those who are\nnew to crypto, going through the thousands of tokens and picking individual\nones to buy is a daunting task. so we want to make that much simplier and\neasier for EVERYONE<\/p>\n\n\n\n Nate: <\/strong><\/p>\n\n\n\n You can check out a picture of the platform here<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Love the UI! So sleek! 🔥<\/p>\n\n\n\n Nate: <\/strong>Thank you!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>It looks smart and very convenient<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thanks for great introduction, we\nwill have several questions selected for the Part 1. Ready to start?<\/p>\n\n\n\n Nate: <\/strong>oh hold on just a sec let me add some more info\nabout the platform<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Of course ❤️<\/p>\n\n\n\n Nate: <\/strong>So Cook was created to take the guesswork out of that and make it easy to just get a basket of cryptos in one single index with broad diversification and exposure. So for example if there\u2019s an area of crypto that you want to et into you can get an index for that like a Metaverse index that is composed of the top projects like SAND, DECENTRALAND, ect. Or the Avalanche Eco system Index that is made up of the top AVAX projects like Trader Joe, Yield Yak, Pangolin, ect.<\/p>\n\n\n\n <\/p>\n\n\n\n Nate: <\/strong>The benefits of this platform are that for\nthose who are new to crypto and not quite ready to deal with the high level of\nvolatility associated with holding single asset tokens, they can easily get an index of a basket of\ntokens. This enables users to still have the upside potential within the crypto\nmarket but without the massive ups and downs associated with holding single\nassets. Additionally passive investments like indexes tend to outperform in the\nlong term vs. just handpicking active individual assets. Also users have\nself-custody which means you actually own the assets.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>the benefits are obvious! 👏👏👏<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>I love it @nate2x! Diversification\nis a pivotal concept in *good* finance and key to build a great portfolio,\noptimizing the risk\/reward ratio!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Can more experienced users\nbuild (e.g. customize) their own basket\nof crypto assets or are these predefined for them?<\/p>\n\n\n\n Nate: <\/strong>Yes in the future experiened users or actually\nanyone who has an idea for their own index will be able to propose it through\nour Cook DAO. Then it will go through a Q&A period and voted on. If\napproved then the Cook team will create and launch it on the platform.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>I like this idea👍<\/p>\n\n\n\n Nate: <\/strong>Yes that\u2019s where we really see unlimited\npotential in that every single one of you can come up with an index idea. True\ncreativity and ideas come from the community and we can not wait to see what\neveryone comes up with<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Nice! 👏👏<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>I have so many questions, but some\nof the topics will also be introduced by our selected community questions so…\nif you’re ready we can move hop\/right onto that section of our AMA 😉<\/p>\n\n\n\n Nate: <\/strong>Yea sure go ahead<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Let’s go then! 🚀<\/p>\n\n\n\n Q1\nfrom Telegram User @Jamesxmen <\/em><\/strong><\/p>\n\n\n\n In\nprevious week of Avax Daily report, Cook Protocol took third place for Top\nTVL(Total Value Locked) gainers within Avalanche ecosystem with 96.68% and\nCongratulations for that. What were the reasons & habits that you continue\nto gain a success like that? Actually How much is the TVL within Cook Protocol\nproject presently? In what way did you collect funds for the TVL fund & When\nwill this funds be unlocked? What are the actions & determinations that you\nwill take to keep this hype for a well growth Cook Protocol economy?<\/em><\/p>\n\n\n\n Nate: <\/strong>Yes so for the TVL we\u2019ve had an incredible run\nup recently and we just exceeded $2M. A big reason for the huge increase was\nthat just last week we announced the launch of Cook on Avalanche which was\namazing. <\/p>\n\n\n\n So Cook is\nthe first ever DeFi Index platform on Avalanche and so many in the ecosystem\nare very excited about it. We actually made this announcement when our team was\nexhibiting at the DCentral Conference in Miami just last week. <\/p>\n\n\n\n It was a fantastic experience to tell so many people first hand about this launch and we got so much good feedback from the community. Also we got the launch covered in CoinDesk which we\u2019re very proud of!\u00a0\u00a0 https:\/\/www.coindesk.com\/tech\/2021\/11\/30\/cook-finance-launches-defi-index-platform-on-avalanche\/<\/a>. <\/p>\n\n\n\n So all\nthese activities have definitely contributed to the increase in the TVL over\nthe past week. In terms of continued progress we have a lot more in the works\nand a lot more exciting indexes that will come through that will make the\nplatform even more valuable in the future.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Your successes are amazing<\/p>\n\n\n\n Nate: <\/strong>thank you!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Amazing!!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>What are you most excited about\nthat’s coming down the roadmap for Cook? 🙃<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>That is, is there a particular\nfeature or service or event that you’re particularly looking forward with\ngreat(er) excitement (provided that it’s not a secret you can’t share 😁) ?<\/p>\n\n\n\n Nate: <\/strong>So I\u2019m really excited about the team working on\nmaking improvements to the user experience on the platform so even a broader\naudience can access Cook. Currently its a bit difficult for new people to get\ninto DeFi Indexes and we want to make it easier for as many people as possible\nso we\u2019re working hard to build out ways to improve the overall user experience\nand make it as simple as possible.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>which feature are you most proud of?<\/p>\n\n\n\n Nate: <\/strong>The \u201cIssue with Single Token\u201d feature is\nsomething we\u2019re really proud of. With this feature anyone can use a single\ntoken such as USDC, USDT, AVAX or DAI to get an index. This is a MAJOR\nimprovement in the overall user experience that Cook is the first to launch in\nthe index space<\/p>\n\n\n\n Nate: <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Wow! it is truly grand and unique<\/p>\n\n\n\n Nate: <\/strong>yes because before, if you want to get an index\nyou would actually have to hold all the underlying assets in the index which is\nquite complex to get done. but with this feature Cook makes it super simple<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thanks for your answers and\nclarification ☺️<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>It’s so ingeniuos @nate2x 🤩🔥<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>It seems you guys are already well\non your way to make UX easiest as possible!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Are you ready for the next question?<\/p>\n\n\n\n Nate: <\/strong>sure<\/p>\n\n\n\n Q2\nfrom Telegram User @Jmagsss<\/em><\/strong><\/p>\n\n\n\n To\nguarantee that all of the investor\u2019s funds and safe and secured, Cook Protocol\nwill use the Nexus Mutual insurance and provide fund-specific insurance options\nto hedge against any risk with the fund investments. Firstly, why have you chosen\nNexus Mutual to facilitate and organize your insurance policies and mechanisms?\nAlso, can you please discuss more about these fund-specific insurance options?\nWhat will be its structure and who are allowed to purchase them?<\/em><\/p>\n\n\n\n Nate: <\/strong>So security is important and all the Cook smart\ncontracts have been audited by 3rd parties such as Certik and Slowmist. To add\neven another layer of security the team is currently working with protocols in the insurance space to add even\nmore features to the platform. As for fund specific insurance options this is a\ngreat idea and we would love for this to be proposed through the DAO to help\nimprove the platform. Its new ideas like this that come from the community that\nreally help improve the overall platform.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>DAO is really a very important tool\nfor the community.<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Thank you for taking care of this\ncritical aspect. I’m sure all of Cook Protocol’s users will be relieved to know\nabout the dedication and utmost care you’re putting through into the topic 😉<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Are you ready to proceed with the\nnext question or would you like to add something else?<\/p>\n\n\n\n Nate: <\/strong>all good let\u2019s go to the next<\/p>\n\n\n\n Q3 from\nTelegram User @iceVermithraxx<\/em><\/strong><\/p>\n\n\n\n I\nunderstand that cook Protocol relies on a using multiple oracle services and\nyou mentioned one of them which is Price Oracle. Price Oracle is used determine\nassets valuation and ckTokens. can you elaborate on the working principles of\nPrice Oracle to determine assets valuation and ckTokens price? Can you share\nsome of other Oracle Services Which Cook protocols uses and their features?\nLastly, can you give a brief explanation on how Cook Protocol interacts with\nall this oracle services?<\/em><\/p>\n\n\n\n Nate: <\/strong>So Cook actually uses Chainlink for pricing\nfeeds for the indexes. The oracle provide real time price updates so that the\nCook platform can show accurate NAV (net asset value) pricing for all the\nindexes on the platform. Chainlink is a great partner and it was quite quick to\nroll out the integration with their team as they have so much experience in\nthis space and work with all the top projects. Since pricing is the major\ncomponent for the platform that\u2019s the main focus of oracles for now. But again\nif you have an idea to integrate with other oracle services for a new type of\nindex, please go ahead and propose!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thanks for your answers ☺️<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>An opportunity to organizing some\ninteresting brainstorming session with our Satoshi Clubbers:)<\/p>\n\n\n\n Nate: <\/strong>Sure!<\/p>\n\n\n\n Nate: <\/strong>That would be a great idea<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>And I can assure you have we some\ngreat minds at work here 😁<\/p>\n\n\n\n Nate: <\/strong>maybe can start competion for the best index\nideas? a lot of interesting things that could be done!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>That would be amazing!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>We’ll see what we can do! 😉<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Time for the next question now! Are\nyou ready?:)<\/p>\n\n\n\n Nate: <\/strong>sure lets go ahead<\/p>\n\n\n\n Q4\nfrom Telegram User @thisistoyin<\/em><\/strong><\/p>\n\n\n\n About\nyour liquidity mining, i understood that<\/em><\/p>\n\n\n\n Cook\nProtocol launched a liquidity mining programs on Ethereum, Binance Smart Chain\nand Huobi Eco Chain to build up liquidity on the decentralized exchanges on the\nthree blockchains. Can you explain how users can stake the LP tokens on the\nliquidity mining pool to start earning the $COOK tokens? And why does LP tokens\nhave to be looked for 14 days before the rewards would be distributed evenly?<\/em><\/p>\n\n\n\n Does it\nhave to do with the Batch issues Features you introduce so users would be able\nto save a lot of gas fees?<\/em><\/p>\n\n\n\n And i\nnoticed that i couldn\u2019t find links to your liquidity mining pool on your\nwebsite, would it be possible for you to share the links for us or they aren\u2019t\navailable yet?<\/em><\/p>\n\n\n\n Nate: <\/strong>Yes we have great staking and liquidity mining\nprograms on Cook. Especially with Cook on Avalanche. We actually just launched\n3 brand new Avalanche indexes that you can earn even more rewards on top of the\nthe yield bearing rewards availalbe in the indexes. <\/p>\n\n\n\n Avalanche\nEcosystem Index – Consists of AVA and top 6 avalanche native projects including\nTrader Joe, Wonderland, BenQi, Pangolin, Yield Yak and Penguin Finance <\/p>\n\n\n\n Yield\nBearing Mega Cap Index – Consists of yield bearing wrapped ETH and BTC <\/p>\n\n\n\n Yield\nBearing Stablecoin Index – Consists of\nyield bearing USDC, DAI, USDT and MIM<\/p>\n\n\n\n So actually\nthere is no lock up for some of these new ones if you check them out through\nthe link below. As for more information you can check everything on the Staking\nand Liquidity mining programs that we just launched with the links below.<\/p>\n\n\n\n Nate: <\/strong>Go here to view: https:\/\/app.cook.finance\/farm<\/a><\/p>\n\n\n\n Go here to learn more: https:\/\/cook-protocol.medium.com\/cook-launches-new-staking-and-liquidity-mining-programs-on-avalanche-e4b3876df9b6<\/a><\/p>\n\n\n\n Nate: <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Crystal clear, loved the in-depth\nanswer! Pretty sure @Thisistoyin will be just as satisfied!🔥🔥🔥<\/p>\n\n\n\n Nate: <\/strong>Great!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>The next one is about Cook\nProtocol’s logo 😉<\/p>\n\n\n\n Q5\nfrom Telegram User @ItsMelissa3<\/em><\/strong><\/p>\n\n\n\n A few\nmonths ago you made the decision to announce a new logo for Cook Protocol. Can\nyou share with us the meaning behind this new logo? How do you interpret the\ndesign of the new logo? Why was the old logo changed? What motivated you to\nmake the decision to improve the Cook brand? You didn\u2019t just change the logo,\nbut also the brand in general, the theme and concept, and the Cook Protocol\nwebsite was also changed. Can you tell us the reason behind these changes? Why\ndid you decide to keep the same name despite all these changes?<\/em><\/p>\n\n\n\n Nate: <\/strong>Yes we created a new logo and its meaning is\nvery important. The old logo was based on the navigational theme which didn\u2019t\nquite take hold but we couldn\u2019t help but notice the community latched onto the\nCooking theme of our name quite easily! So we went with it and did a rebrand to\nreally dive into the cooking theme and create a logo that truly represents what\nthe Cook platform does.<\/p>\n\n\n\n So if you\nlook at the Cook logo the two brackets represent both sides of the Cook\nplatform. On the left side we have those who we like to call the selectors of\nindexes and on the right side we have those who are the creators of indexes.\nThen in the middle the two sides come together and the platform \u201cCooks\u201d up with\nheat, amazing opportunities for both sides 🙂<\/p>\n\n\n\n Nate: <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Beautiful 🤩<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Cudos to your designing team! 🥳<\/p>\n\n\n\n Nate: <\/strong>Thank you!<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>flexibility and ability to listen to\nthe community is the key to success in crypto👏👏👏<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thanks for your great answers<\/p>\n\n\n\n Nate: <\/strong>of course!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>I concur, great! Thank you very\nmuch! This is the last question for this very first part of the AMA, then we\u2019re\nheading into the LIVE part of the session!<\/p>\n\n\n\n Q6\nfrom Telegram User @Cheriemike<\/em><\/strong><\/p>\n\n\n\n A\ncommunity of entities holding the COOK token governs the Cook Protocol. These\nholders have the right to initiate strategies and vote for adjustments on the\nprotocol and these parties will at least hold up to 1% (1,000,000)of COOK total\nsupply before they can submit a governance proposal for changes to be made on\nthe platform.Isn\u2019t this huge?How about users who might be interested to also\nparticipate in your governance voting but do not have up to that\namount?Shouldn\u2019t you consider having a minimum amount of COOK token for\nvoting?How about those who wish to delegate their votes,how will they do that?\nPlease explain Thanks.<\/em><\/p>\n\n\n\n Nate: <\/strong>Yes that\u2019s a great question. So COOK is\nrequired to participate in the DAO. This is important to make sure that anyone\nwho makes an official CIP or Cook Improvement Proposal is vested in the the\nsuccess of Cook. While it may be high for some individuals to send through a\nCIP, anyone can participate and discuss any topic in the DAO. If there\u2019s enough\ncommunity support for a new idea there are quite a few COOK holders who meet\nthe minimum requirements for submitting a CIP who are actively participating and\nit\u2019s very possible that they might just propose an idea that has a lot of\ncommunity support! So please participate if you have a great idea!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>A great opportunity to get involved\nwith an amazing project, Satoshi Clubbers 👆😁<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Hopefully great ideas will also be\nrewarded 😉<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thanks for your great answers and\nthis amazing first part of AMA<\/p>\n\n\n\n Nate: <\/strong>Sure thing!<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>Yes! It has been a great time and\nnow we must proceed to interact with our dear users into the live segment.<\/p>\n\n\n\n Paul Mont | Satoshi Club: <\/strong>A flurry of question is about to be\nunleashed! 🌪 I hope you are you ready @nate2x 😁<\/p>\n\n\n\n Nate: <\/strong>Cook – Links<\/p>\n\n\n\n Twitter – https:\/\/twitter.com\/cook_finance<\/a><\/p>\n\n\n\n Telegram – ![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/image-194-1024x639.png\")
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