$COVER Listed on C.R.E.A.M. Ethereum

1 min readJan 21, 2021

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

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

19.68k CREAM voted for ‘FOR’

0 CREAM voted for ‘AGAINST’

CREAM token holders voted in favor of adding a COVER market on C.R.E.A.M., with 19.68k yes votes. Collateral factor for COVER is 0%, meaning users can deposit COVER but cannot use COVER as collateral to borrow other assets until the collateral ratio is increased through a governance vote.

Creating a COVER market allows token holders to stay long on COVER while getting leverage on the asset itself, once a collateral ratio greater than 0 is voted in. For those who want to short COVER, this allows a capital efficient way to do so.

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