On 8 September 2021 (UTC+8), C.R.E.A.M. Finance announced the launch of borrowing/lending services for the following NFT / Metaverse tokens: AXS, YGG, SAND, MANA, OGN, and RARI. This is the first time AXS and YGG have been supported by any decentralized (DeFi) borrowing/lending protocol. However, there is a larger strategy in which the launch of these markets is just the first step.

The purpose of this article is to share the opportunity we see — the problem we’re solving — what we’re doing about it and why it matters.

What is the opportunity?

The explosive growth of NFTs is creating an on-ramp for cryptocurrency…


Dear C.R.E.A.M. community, partners & friends, we firstly want to reassure you that we’ve stopped the exploit. Thank you to everyone who has helped us in handling this exploit.

C.R.E.A.M. Finance remains committed to our community, partners, users and our vision of a trustless, automated & capital efficient financial market.

Our community and users are our priority. We are working with authorities to trace the attacker and have created a plan to restore funds lost.

See below the complete post-mortem of the exploit:

What happened?

At approximately 12pm on 31st August (UTC +8), C.R.E.A.M. Finance was exploited for 462,079,976 in AMP tokens…


Highlights

  • C.R.E.A.M. Finance launches it’s new feature for depositors: Boosted Savings
  • Starting from July 29 18pm UTC+8, users now earn a higher APY through automated delegation
  • Higher APY is comprised of lending interest and shared validator rewards
  • Launching first on BSC with BNB

We are excited to announce a first for the DeFi industry, the launch of our new Boosted Savings feature — available on select assets for C.R.E.A.M. Finance depositors.

With a single click, users on C.R.E.A.M. Finance are now able to earn validator rewards on top of the current supply APY. …


Highlights

  • The first DAO-to-DAO loan in DeFi, backed by a NFT collection of historical value.
  • C.R.E.A.M. Finance has provided a $3.5mm USD credit line from the Iron Bank to PleasrDAO.
  • Credit line collateralized by PleasrDAO’s Foundation NFTs, which had a combined purchase price of ~$10.1mm USD.
  • To be used to fund further high-end NFT investments by PleasrDAO.

When we launched the Iron Bank in January 2021, it was the first Protocol-to-Protocol lending platform and liquidity backstop for the DeFi ecosystem. We continue that spirit of innovation in our partnership with PleasrDAO, another Defi first:

The first DAO-to-DAO loan

Today’s DeFi landscape is based on a…


We are excited to announce that C.R.E.A.M. Finance will be launching our money markets on Polygon!

C.R.E.A.M. remains driven in our goal to bring capital efficiency to long-tail assets on multiple blockchains. Our integration with Polygon means faster transactions, lower gas fees, and access to different markets for our users.

Today, Polygon has a thriving DeFi ecosystem — with $8.64b TVL.

At launch, users will be able to supply and borrow tokens on the following markets: USDC, USDT, DAI, WMATIC, WETH, WBTC, LINK, SUSHI, CRV, QUICK.

C.R.E.A.M. Polygon markets will be incentivized with liquidity mining. Details to be announced.

All…


C.R.E.A.M. Finance is very excited to formally introduce the first ever C.R.E.A.M. Listing Committee!

Listing Committee Specifics

This blog post specifies more details around C.R.E.A.M’s new listing committee:

What types of proposals does the Listing Committee vote on?

  • Asset Listing
  • Reserve Factors
  • Collateral Factors
  • Collateral Caps

Which C.R.E.A.M. markets will the listing committee vote on?

  • Ethereum V1, BSC, Arbitrum, and Fantom

How do projects submit proposals for new asset listing?

  • Projects can submit an application for new asset listings here

What is the voting structure?

  • There are five members of the Listing Committee — three must vote ‘yes’ in order for a proposal…


We are excited to announce that C.R.E.A.M. Finance will be launching our money market on Arbitrum! C.R.E.A.M. is honored to be a part of the initial cohort of DeFi projects launching on Arbitrum mainnet.

C.R.E.A.M. remains driven in our goal to bring capital efficiency to long-tail assets on multiple blockchains. Our integration with Arbitrum means faster transactions, lower gas fees, and overall a better experience for our users.

Arbitrum is the first true layer 2 scalability solution created with full Ethereum Virtual Machine (EVM) compatibility. …


C.R.E.A.M. Finance is excited to introduce our new user interface.

While we love our original candy coated interface — it is time for us to mature and levelup our product.

The C.R.E.A.M. team worked hard to refresh the UI, while keeping the same Crypto Rules Everything Around Me branding.

Below we walk you through the new web interface and callout exciting new features.

Lending

The ‘homepage’ or LENDING feels similar to the old interface except cleaner and easier on the eye.

Note the supply and borrow assets are now searchable.

Markets

The MARKETS page has been completely redesigned enabling users to dig…


C.R.E.A.M. Finance is thrilled to announce that our Binance Smart Chain and Fantom lending and borrowing markets will be powered by Band Protocol’s price oracles.

Integrating Band Protocol across the C.R.E.A.M. ecosystem will ensure that the protocol is secured by decentralized oracles — consistently updating to reflect accurate and fair market prices.

“Timely and decentralized price feeds are critical to the security of DeFi. Using Band Protocol’s battle-tested solution across multiple networks enables all users to leverage highly accurate and rapidly updating price feeds when interacting with the C.R.E.A.M. money markets and flash loans.”
Leo Cheng, Project Lead & Co-Founder of…


C.R.E.A.M. Finance is excited to formally introduce our second product line: Staking Services.

In addition to offering multi-chain money markets, C.R.E.A.M. Finance enables users to stake native assets to its validator nodes. C.R.E.A.M. is focused on providing the best returning staking services to users, while also helping decentralize the chains we deploy markets on by operating validator nodes.

Today, C.R.E.A.M. runs validator nodes on Eth2, BSC, and Fantom — totaling over $300M staked.

On BSC, C.R.E.A.M. currently has around 412k BNB staked (ranked 13) — with one of the lowest commission fees (8%). Additionally, C.R.E.A.M. …

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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