Cook.Finance Builds on Velas Block-chain
Velas Block-chain;- It is an ecosystem of decentralized products that allow anyone to feel the benefits of blockchain technology. It is building decentralized user-friendly, transparent, and privacy-respecting products. Velas Block-chain includes the following;
· AI-Powered Dynamics Consensus:- Velas team is designing and developing two innovative ecosystem components — AIDPoS consensus algorithm and Distributed Learning. Click here to read more https://velasblockchain.medium.com/velas-technologies-aidpos-70d0244467db
· Solidity support: Velas is supporting all smart contracts built on the Ethereum block-chain.
· Instant, low-cost transactions;- Extremely efficient performance at a fraction of the cost.
· Velas vault;- Transacts Bit-coin, Ether, and other crypto-currencies on velas chain. Click here to read more https://medium.com/velasblockchain/velas-technologies-velas-vault-13650fb089a7
· Velas wallet;- Multi-currency wallets with velas staking functionality. Click to read more https://velas.com/module/wallet
· To know more about Velas block-chain, click here https://velas.com/
Cook.finance;- It is a decentralized asset management platform that is accessible, secure, and transparent. Cook protocol is a completely decentralized cross-chain asset management platform built for investors and professional asset managers to unlock an entirely new universe of DeFi innovations. To know more about cook.finance, click here https://www.cook.finance/
However, Cook.Finance has announced it is building on the Velas Block-chain. Cook.Finance, a cross-chain asset management platform, has chosen the Velas Block-chain to build upon recognizing the superior speeds and transaction processing powers on offer.
Having recently built upon the Solana codebase, the Velas Block-chain is becoming one of the fastest block-chains with the cheapest gas fees, and as a cross-chain asset management platform, this was crucial to the Cook team.
KP Peng, Strategy Lead of Cook, said: “As being the first AI-operated DPOS, we see Velas as a leader in block-chain technology focused on scalability and innovation, sharing the same values as COOK Protocol.
“In addition, this partnership paves the path for a future partnership with Velas’ sister company, CoinPayments, the world’s largest crypto payment solution.”
Due to the sudden and inevitable rise of DeFi, when comparing traditional asset management platforms to what is currently available in the DeFi space, Cook sees that there is a huge gap to bridge between these two. The key offerings of the Cook Protocol platform include:
1) Cross-Chain Solutions: Cook Protocol allows users to benefit from other thriving DeFi ecosystems and make it easier for investors to keep track of funds in one environment by pairing with several blockchains like Velas.
2) Usability: As part of the core mission to bring finance to the masses, Cook Protocol has designed the platform in such a way that the UI is straightforward and simple for the common investors to help them navigate through the complex and highly technical landscape of decentralized finance.
3) High Capital Efficiency: By giving investors a wide variety of asset management services and providing fund managers with advanced trading tools and highly liquidized funds, Cook Protocol is offering endless possibilities of financial instruments (lending protocols, DEX, derivatives, and insurance to name a few) to maximize capital efficiency and the returns on their capital.
In conclusion, Cook Protocol also recently announced a Strategic Partnership with DuckDAO to assist with strategy, marketing, growth, and more, helping the project reach its full potential.
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, and is one of the largest crypto incubators in the world currently.
You can learn more about the Cook Protocol x DuckDAO announcement here: https://medium.com/duckdao/strategic-partnership-announcement-duckdao-x-cook-protocol-518921363966
The Velas team is very excited to welcome Cook.Finance to the Velas Blockchain and we look forward to a prosperous future together, built on the fastest blockchain in the world.
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