$COVER Listed on C.R.E.A.M. Ethereum
We have listed COVER on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow COVER at app.cream.finance.
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.
Crypto Rules Everything Around Me, C.R.E.A.M.