Cook Finance launches first composable index, strategy execution platform on BNB Chain

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Cook Finance has announced the launch of the first-ever decentralized finance (DeFi) composable index and strategy execution platform on BNB Chain with yield-bearing indexes with zero impermanent loss. BNB Chain users will now have access to stablecoin yield-bearing indexes that generate interest from risk-diversified pools to provide stable returns well-suited for this highly volatile market.

With Cook Finance’s launch on BNB Chain, it will build on its success of launching yield-bearing indexes during the past few months.

“Since we recently launched risk-diversified yield-bearing indexes, we’ve seen a robust 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.”

Additionally, Cook Finance is proud to bring its issue-with-single-token feature that will make issuing into any index as simple as swapping a single funding token such as BNB for all underlying tokens to be encumbered by the index token automatically. This feature will provide users on BNB Chain with one of the fastest ways to issue into any DeFi index on the Cook platform.

Coinciding with this announcement, Cook will be launching five new yield-bearing indexes on BNB Chain to become the index market leader in this space. In the future, Cook looks forward to establishing even more community-initiated indexes on one of the largest chains used around the world by millions of people every day.

About Cook Finance

Cook Finance is a transparent and flexible DeFi index platform. This two-sided platform is suited for a diverse range of users to make it easy to select from a menu of indexes across multiple chains. Simultaneously, index creators can utilize tools to create virtually any imaginable strategy and easily offer it to the Cook community.

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