C.R.E.A.M Finance is a decentralized peer-to-peer (P2P) DeFi platform that provides lending, borrowing, swap, payment and tokenization services for digital assets. The C.R.E.A.M. Finance protocol was created as a Compound Finance fork, while its C.R.E.A.M. SWAP exchange is based on the code of Balancer Labs.
C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers yield farming rewards to its users in order to inclusively develop its network.
The project (which stands for Crypto Runs Everything Around Me) was launched unexpectedly on the Ethereum network on Aug. 3, 2020 through the YOLO liquidity pool. In September 2020 it went live on the Binance Smart Chain (BSC).
The CREAM token allows users to lend, borrow, stake or swap assets and help govern the network, allowing them to vote on assets to support or delist.
The person behind C.R.E.A.M. Finance is Taiwanese entrepreneur Jeffrey Huang, who labeled himself as the “semi-benevolent dictator of CREAM” upon launch. Huang is also the founder of Mithril (MITH), the Ethereum-based social media platform.
The tokens have been allocated as follows:
C.R.E.A.M. Finance helps provide liquidity to important DeFi assets through automated market making (AMM), allowing users to borrow and lend supported assets and earn liquidity mining rewards in the form of its CREAM token by supplying any supported asset as collateral. In return, it collects swap, lending and borrowing fees from users.
The platform aims to list and support tokens important to the DeFi sector, for example the biggest stablecoins (USDT, USDC, BUSD, yCRV, etc), governance tokens (COMP, BAL, YFI, LEND, CRV, CREAM etc.), and other leading cryptocurrencies such as ETH, renBTC and LINK.
As an ERC20 token on the Ethereum network, CREAM can run Ethereum Virtual Machines through smart contracts, while users can create DAoos for its community, thus resulting in better composability, i.e. plugging different financial services into each other.
CREAM tokens can be staked for a period of up to four years in order to accrue rewards; however, it is important to note that there is no admin unlock available.Therefore, you will only receive your rewards at the end of your staking period.
Learn more about Compound Finance (COMP).
Learn more about Curve DAO (CRV).
Learn more about yearn.finance (YFI).
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CREAM has a total supply of 9 million coins, of which around around 150,000 are currently in circulation. This will increase as more vested tokens are released monthly to stakeholders and liquidity miners.
CREAM’s smart contracts are not officially audited at present by choice. Instead, Huang uses expert advisers (which includes Compound founder Robert Leshner) to improve security, inspect code and manage a multisig wallet to keep users funds safe.
You can now also buy cryptocurrencies like Bitcoin and Ethereum directly by credit card in your fiat currency of choice. Here’s how.
|Prix de Cream Finance||$78.85 USD|
|Bas / Haut sur 24 heures|
$87.81 USD /
|Volume sur 24 H||$3,502,308 USD|
|Cap. Marché||$11,822,217 USD|
|Rang sur le marché||#507|
|Bas / Haut hier|
$72.17 USD /
|Ouverture / Fermeture d'hier|
$63.85 USD /
|Change d'hier||$8.24 USD (12.91%)|
|Volume d'hier||$1,445,152 USD|
|Bas / Haut sur 7 jours|
$88.99 USD /
|Bas / Haut sur 30 jours|
$90.65 USD /
|Bas / Haut sur 90 jours|
$288.01 USD /
|Bas / Haut sur 52 semaines|
$288.01 USD /
|Le plus haut|
$288.01 USD(Sep 09, 2020)
|Le plus bas|
$9.24 USD(Aug 07, 2020)
|RSI de Cream Finance||-44.61%|
|Offre en Circulation||149,928 CREAM|
|Offre Totale||2,924,547 CREAM|
|Offre Max||Aucune Donnée|