- Cook Finance is launching its first DApp on Ethereum Rinkeby Testnet.
- The DApp is a cross-chain decentralized asset management platform.
- Also, Cook Finance has invited its community to review the testnet and offer feedback.
In addition, Cook Finance has invited its community to review the testnet and offer feedback. The platform wants its community to influence how the project evolves. In fact, the entire Cook Finance community can access the testnet platform and explore its functionality.
The DApp launch is a major advancement not only for Cook Finance but for decentralized finance (DeFi) as a whole. Although several traditional centralized asset management platforms are currently available. However, the Cook Finance DApp is the first cross-chain decentralized asset management platform.
As a result, for the first time, the public will have access to a fully transparent, decentralized, and secure asset management platform. Notably, the Cook Protocol’s flexibility and transparency make the platform idle for a wider user base.
On the one hand, investors can use the platform to monitor fund managers’ strategies and allocations. Also, investors don’t have to worry about the security of their funds, thanks to the decentralized nature of the platform. On the other hand, fund managers can use the platform to find investors while leveraging strategy integrated on the platform.
Moreover, Cook Finance has indicated that the testnet launch will soon be followed by a mainnet launch of its Columbus version.