## What Is C.R.E.A.M. Finance (CREAM)?

C.R.E.A.M Finance is a decentralized  [DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) lending protocol for individuals, institutions and protocols to access financial services. Part of the [yearn.finance](https://coinmarketcap.com/currencies/yearn-finance/) ecosystem, C.R.E.A.M. Finance is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon and Fantom.

Users who are passively holding Ether or wBTC can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account. For more information visit https://app.cream.finance/. 

The C.R.E.A.M. Finance protocol was created as a [Compound Finance](https://coinmarketcap.com/currencies/compound/) fork.

C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers [yield farming](https://coinmarketcap.com/alexandria/glossary/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](https://coinmarketcap.com/exchanges/binance/) Smart Chain (BSC). 

The CREAM token allows users to lend, borrow, stake assets and help govern the network, allowing them to vote on assets to support or delist. 


### Who Are the Founders of C.R.E.A.M. Finance?

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)](https://coinmarketcap.com/currencies/mithril/), the Ethereum-based social media platform. 

The tokens [have been allocated](https://medium.com/cream-finance/cream-token-and-protocol-plans-d44bed69710c) as follows:



*   10% (900,000) of tokens will go to the team and advisors, 75% of which will vest over four years and a six month cliff; 
*   10% will be used as seed with four years vesting (one year cliff);
*   20% (1.8 million) CREAM will be used to incentivize liquidity providers;
*   60 (5.4 million) is allocated for governance. 


### What Makes C.R.E.A.M. Finance Unique?

C.R.E.A.M. Finance helps provide liquidity to important DeFi assets through [automated market making (AMM)](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-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](https://coinmarketcap.com/alexandria/article/bringing-bitcoin-to-defi-a-complete-beginners-deep-dive-into-renvm) and [LINK](https://coinmarketcap.com/currencies/chainlink/). 

As an ERC20 token on the [Ethereum](https://coinmarketcap.com/currencies/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.


#### Related Pages:

Learn more about [Compound Finance (COMP)](https://coinmarketcap.com/currencies/compound/).

Learn more about [Curve DAO (CRV).](https://coinmarketcap.com/currencies/curve-dao-token/) 

Learn more about [yearn.finance (YFI)](https://coinmarketcap.com/currencies/yearn-finance/).

Visit the [CoinMarketCap blog](https://blog.coinmarketcap.com/) for the latest blockchain news and insights.  \



#### How Many C.R.E.A.M. Finance (CREAM) Coins Are There in Circulation?

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. 


### How Is the C.R.E.A.M. Network Secured?

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. 

Update on Audit report:
- Trail of Bits (January 28, 2021)
https://docs.cream.finance/audit-report

### Where Can You Buy C.R.E.A.M. Finance (CREAM)?

The top exchanges for trading in Cream Finance are currently [Binance](https://coinmarketcap.com/exchanges/binance/), [Binance.KR](https://coinmarketcap.com/exchanges/binance-kr/), [FTX](https://coinmarketcap.com/exchanges/ftx/), [Hoo](https://coinmarketcap.com/exchanges/hoo/) and [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/). You can find others listed on our [crypto exchanges page](https://coinmarketcap.com/rankings/exchanges/).

You can now also buy cryptocurrencies like Bitcoin and Ethereum directly by credit card in your fiat currency of choice. [Here’s how](https://www.binance.com/en/buy-sell-crypto).

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