This launch on BNB Chain combines index portfolio management with trade execution and routing to benefit users and ecosystem protocols simultaneously with zero permanent loss.
Cook Finance Makes an Announcement
Cook Finance has announced the launch of its Decentralized Finance (DeFi) index and strategy execution platform on BNB Chain, with yield bearing indexes that have zero impermanent loss. Users on BNB Chain will now have access to stablecoin yield bearing indexes that generate yield from risk-diversified pools to provide stable returns, especially well suited for this highly volatile market.
With the launch of Cook on BNB Chain, Cook will be building upon its success of launching yield bearing Indexes over the past few months.
“Since we recently launched risk diversified yield bearing indexes, we’ve seen very strong uptake by users on the Cook platform. It’s evident that users are attracted to these types of indexes especially in the current high volatility and low yield environment,” says Adrian Peng, CEO of Cook Finance. “Stablecoin yield bearing indexes such as these provide risk reward profiles that are essential for a balanced portfolio.”
More News
Additionally, Cook Finance is proud to announce an exciting feature called “Issue with Single Token”. The feature makes issuing into any index as simple as swapping a single funding token, such as BNB or BUSD, for all the underlying tokens to be encumbered by index tokens automatically. This feature will provide users on BNB Chain one of the fastest ways to issue into any DeFi index on the Cook platform, the team proposes.
Coinciding with this announcement, Cook will be launching 5 new yield bearing indexes on BNB Chain to make it the index market leader in this space. In the future, Cook looks forward to launching even more community- initiated indexes on a chain used around the world by millions of people daily.
About Cook Finance
Cook Finance is a transparent and flexible DeFi Index platform. This two sided platform is suited to a diverse range of users to make it easy to select from a menu of indexes across multiple chains. At the same time on the other side of the platform, index creators can utilize tools to create virtually any imaginable strategy and easily offer it up to the Cook community.
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Source : bsc.news
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