Bank

Where the treasury grows

The Bank is the treasury of Cook. A treasury is like a big vault where we’ll store multiple assets. This treasury is constantly fighting to increase its volume for two causes:

• Act as an insurance for the price of $COOK; assembling multiple assets in order to grow intrinsic value of each token

• Ensures that the reward pool for pot yield can be supplied in a sustainable manner

Basically, the bigger the treasury the better. The more diversified, the less it is subject to volatility. But how is the treasury supposed to grow?

How we aim to sustain rewards and grow treasury

Treasury will grow through different way:

• Bonding: We bring liquidity into the treasury with the bonding mechanism. By buying $COOK directly on the Dapp against USDC.e, you will benefit from a discount compared to the main market (on a DEX like Shadow). By doing this you not only gain a significant price advantage, but you also help invest in the future of your pot by strengthening the treasury; it’s a win-win.

• In-game assets: Throughout different actions in Cook like buying a Cookbook or Ladle, the protocol redistributes $COOK to the Bank. Making it a constant revenue stream for the MagicBank & create utility for the $COOK token thus a richer gameplay.

• Investments: Part of the treasury assets will be reinvested in order to generate profits. Our biggest challenge will be in assembling the most capital efficient portfolio. We will put in place an investment framework and DAO votes to define the direction of our investments with eligible holders.

Transparent treasury

The first thing will be to give super-easy access to the Bank content and metrics through the dApp. We believe this is a simple but high impacting feature most protocol fail to implement. It’s not just about having a link to complex dashboard. It’s about helping investors understand where their money is directed and build trust.

Treasury health & metrics

As part of debunking the treasury, one of the key element is having a common language. To do so, we’ll focus on 1 metrics:

• Backing per $COOK: the theoretical price the treasury would be able to guarantee based on current treasury supply.

To keep in mind

Some simple mental models to help you:

• The bigger the treasury, the longer the runway.

• The bigger the treasury, the higher the backing per $COOK.

• Bonding gets you a discount on $COOK and enhances the treasury.

• The more $COOK you own, the more you are exposed to multiple protocols we’ll invest in with high upside.

In conclusion, we believe that our pot mechanisms, the controlled supply and our treasury strategy will address the main problems protocols in this space have faced so far. Enabling us to validate phase 1 of our plan — a controlled and sustainable ignition.