Today, we are introducing flash loans across the C.R.E.A.M. full ecosystem -- The Iron Bank, C.R.E.A.M. v1, C.R.E.A.M. BSC, and C.R.E.A.M. Fantom.

This is a major step in C.R.E.A.M.’s mission of becoming the most capital efficient money market in crypto. At launch, C.R.E.A.M. will offer the largest set of flash loanable assets on the market.

C.R.E.A.M. makes flash loans more useful to a larger variety of stakeholders, allowing users to become more flexible and capital efficient. Previous to this launch, affordable flash loans were only available on a very limited set of assets. With C.R.E.A.M.’s …


We are proud to announce that C.R.E.A.M. is now LIVE on Fantom!

Once you’ve got your Fantom network setup on your Metamask, simply head to app.cream.finance and you can start supplying and borrowing tokens with almost instant transactions and extremely low fees.

About Fantom

Fantom is a high-performance, scalable, customizable, and secure smart-contract platform. It is designed to overcome the limitations of previous generation blockchain platforms. Fantom is permissionless, decentralized, and open-source. Lachesis, its revolutionary aBFT consensus mechanism, allows Fantom to be much faster and cheaper than older technologies, yet extremely secure.

At launch, these following 19 tokens are supported:

wFTM, CREAM, WETH, wBTC, DAI, USDC, YFI, SUSHI, AAVE, CRV…


Part II: The Road to Cream v2

Special thanks to Future Fund for creating awesome Iron Bank images.

We’ve been hard at work since our launch in August to become one of the most innovative platforms in DeFi. Our last post looked back at 2020, shared more info on our merger with Yearn, and explained our sharpened focus on our core lending protocol with the wind-down of CreamY Swap and Cream Swap.

We also teased the latest in milky CREAM v2 goodness — the Iron Bank, which will be the main focus of this post.

The Iron Bank


C.R.E.A.M. Finance is working with Immunefi, Armor.fi, and DeFiSafety to bring stronger security to the C.R.E.A.M. Finance protocol and wider DeFi ecosystem.

The security campaign begins this week with the launch of a $1.5 million bug bounty program, with Immunefi, focused on strengthening C.R.E.A.M’s protocol, API, and website security.

“Security is the key to maturing the decentralized finance ecosystem and bringing emerging financial technology to more users across the globe. We are delivering increased project transparency through DeFiSafety, preventing hacks with Immunefi, and providing a clear path for users to buy insurance coverage with Armor.fi.” said Leo Cheng, Co-Founder and…


Today we’re announcing the PancakeSwap LP tokens as collateral for borrowing and lending on C.R.E.A.M. Binance Smart Chain (BSC) platform. Be sure to use a web3 wallet that supports BSC, such as Binance Chain Wallet or Metamask.

As Dan Elitzer explained in this post on superfluid collateral -

“If assets can be allocated for multiple purposes simultaneously, we should see more liquidity, lower cost of borrowing, and more effective allocation of capital.”

The way we see it, there is no reason for LP positions to sit idle in yield farmers’ wallets. This is capital inefficiency at its worst. LP positions…


We have listed SUSHI on the C.R.E.A.M. Binance Smart Chain (BSC) platform. Users can now supply and borrow SUSHI at app.cream.finance. Be sure to use a web3 wallet that supports BSC, such as Binance Chain Wallet or Metamask.

Creating a SUSHI market allows token holders to stay long on SUSHI while getting leverage on the asset itself.

Collateral factor for SUSHI is 65%, meaning for every $100 worth of SUSHI supplied, users can borrow up to $65 worth of other tokens.

C.R.E.A.M. on BSC now supports BTC, ETH, BNB, BUSD, USDT, LINK, XRP, BCH, LTC, DOT, CREAM, ADA, BAND, EOS, DAI, XTZ, FIL, YFI, UNI, ATOM, USDC, ALPHA, TWT, XVS, CAKE, BAT, VAI, AUTO, renBTC, renZEC, BETH, IOTX, SXP, SUSHI.

C.R.E.A.M. DAO
Crypto Rules Everything Around Me, C.R.E.A.M.

Join us on Discord, follow us on Twitter, or visit us at cream.finance.


We have listed RAI on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow RAI at app.cream.finance.

Proposal from C.R.E.A.M. DAO has passed. Please see the discussion here.

43.05k CREAM voted for ‘FOR’

7.81k CREAM voted for ‘AGAINST’

CREAM token holders voted in favor of adding a RAI market on C.R.E.A.M., with 43.05k yes votes. Collateral factor for RAI is 0%, meaning users can deposit RAI but cannot use RAI as collateral to borrow other assets until the collateral ratio is increased through a governance vote.

Creating a RAI market allows token holders to stay long on RAI while…


Intro

Hi C.R.E.A.M community! Firstly we want to thank the community for all of their support while we worked to fix the DNS hijacking issue. Want to assure you all that all funds are safe, and we have regained control over our DNS! We could not have done it without the support of our community and partners.

We want to be as transparent as possible, so let us give you a rundown on what exactly happened:

What Happened?

On March 15, C.R.E.A.M. Finance encountered DNS hijacking. Our GoDaddy account was compromised, redirecting users to a phishing page.

After taking immediate actions to deal…


We have listed BETH, IOTX and SXP on the C.R.E.A.M. Binance Smart Chain (BSC) platform. Users can now supply and borrow BETH, IOTX and SXP at app.cream.finance. Be sure to use a web3 wallet that supports BSC, such as Binance Chain Wallet or Metamask.

Collateral factor for BETH is 60%, meaning for every $100 worth of BETH supplied, users can borrow up to $60 worth of other tokens. Collateral factor for IOTX and SXP is 0%, meaning users can supply and borrow IOTX and SXP but can not use it as collateral to borrow other tokens. …

C.R.E.A.M.

C.R.E.A.M Finance is a decentralized lending protocol. Crypto Rules Everything Around Me.

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