Cooky Finance

Amm on thundercore chain

What is Cooky Finance?

Cooky Finance is what’s known as a decentralized reserve currency protocol. Built on the Thurdercore Chain, each CKY token is backed by a basket of assets (TT, LPs, etc.) in the Cooky treasury, giving it an intrinsic value that it cannot fall below. Cooky Finance aims to create the go-to reserve currency that the TT needs while optimizing for short & long-term profit for holders of the CKY token. Our unique project introduces economic and game-theoretic dynamics into the market through staking and bonding to achieve this.

What is the aim of Cooky Finance?

One of our primary goals is for CKY to be a common trading pair on the TT, which is backed by real assets. We want to build a policy-controlled currency system, in which the behavior of the CKY token is controlled at a high level by the DAO in a way that serves the majority. In the long term, we believe this system can be used to optimize for stability and consistency so that CKY can function as a global unit-of-account and medium-of-exchange currency.

How do I participate in Cooky Finance?

Participating in Cooky Finance is simple and rewarding. There are two main strategies for users of Cooky Finance: staking and bonding. Stakers stake their CKY tokens in return for more CKY tokens, while bonders provide LP or BUSD tokens in exchange for discounted CKY tokens after a fixed vesting period, meaning your tokens will be dripped to you bit by bit. We are a community-driven DAO and governance participants can get involved on our forum and through discussions on our Discord. Join us there and you’ll soon see firsthand that the lifeblood of Cooky Finance is our loyal members and contributors. We are a community-driven protocol and are always looking for new community members to contribute.

How can I benefit from Cooky Finance?

Along with being part of a forward-thinking and driven community, there are several ways you can benefit financially from Cooky Finance. The main benefit for stakers comes from supply growth. The protocol mints new CKY tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. And who doesn’t love passive income?Alternatively, the main benefit for minters/bonders comes from price consistency. Minters/bonders commit capital upfront and are promised a fixed return at a set point in time; that return is given in CKY tokens and thus the minter's profit would depend on CKY price when the minted CKY matures. Taking this into consideration, minters benefit from a rising or static price for the CKY token! These are the two main ways Cooky Finance can generate wealth for you.!

Who runs Cooky Finance?

No one. That’s the beauty of a DAO. We all govern Cooky Finance together, and because our community is so engaged and devoted, all decisions will be formed by community members on the forum and made by token holders through snapshot voting.