C.R.E.A.M Finance is a DeFi lending protocol that allows people, companies, and technologies to avail of commercial transactions.
CoinMarketCap now ranks #375, with a live market cap of $106,086,249 USD. It has a total circulation supply of 2,924,547 CREAM coins and a circulation supply of 616,378 CREAM coins.
About Cream Finance CREAM
C.R.E.A.M. Finance, a member of the yearn.finance ecosystem is a permissionless, freely available, and blockchain-neutral system that connects users across 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 receive yield, comparable to a typical savings account.
The C.R.E.A.M. Finance method arose as a branch of the Compound Finance protocol. CREAM, as an ERC20 currency on the Ethereum blockchain, can operate Ethereum Virtual Machines via a consensus mechanism, while consumers may develop DAoos for its network, leading to improved composability, i.e. plugging diverse financial operations into one another.
What is Cream Finance CREAM?
Consumers may use the CREAM token to loan, borrow, invest assets, and assist manage the network by voting on which investments to endorse or delist.
The project (which means for Crypto Runs Everything Else around Us) was suddenly released on the Ethereum network on August 3, 2020 via the YOLO liquidity pool. The launch of Binance’s smart chain was scheduled to go live in September of 2020 (BSC).
Who Are the Founders of Cream Finance CREAM?
A Taiwanese businessman, Jeffrey Huang, is the brains behind CREAM Finance, which he launched as the “semi-benevolent dictator of CREAM”. Huang is also the creator of Mithril (MITH), a social networking platform based on Ethereum.
What Makes Cream Finance CREAM Unique?
C.R.E.A.M. Finance provides liquidity to major DeFi assets using automated market-making (AMM), allowing users to borrow and lend supported assets and receive liquidity mining incentives in the form of its CREAM token by delivering any supported asset as collateral. In exchange, it charges customers fees for swapping, leasing, and renting.
CREAM tokens can be pledged for up to four years in order to earn rewards; however, there is no admin unlock accessibly. As a consequence, you will only get your rewards after the conclusion of your staking term.
Where Can You Buy Cream Finance CREAM?
Binance is one choice for an exchange if you want to buy some IRISnet coins, since around $2,226,424 of IRISnet have already been exchanged through the site as of January 2021.
Hotbit, which has already handled transaction volumes of $148,196 as of January 2021, is another alternative for purchasing IRISnet currencies.
Frequently Asked Questions About Cream Finance CREAM
How Many Cream Finance CREAM Coins Are In Circulation Currently?
CREAM has an overall amount of 9 million coins, approximately 150,000 of which are presently in existence. Monthly token releases to stakeholders and liquidity miners will raise this by a certain amount.
What Security Measures Does the Cream Finance CREAM Take?
For the time being, CREAM’s smart contracts are not formally audited. Instead, Huang employs experienced consultants to prevent attacks, examine code, and administer a multisig account to guarantee customers’ cash confidentiality.
On What Factors Does The Price Of The Cream Finance CREAM Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact CREAM’s price and market cap.
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it’s wide enough to quote that Cream Finance CREAM tokens have been upgraded to a new all-time high translation volume of almost $171.95 U.S Dollars per token.
In a nutshell, it is safer to say that Cream Finance CREAM has blessed online traders to enjoy trading luxuries globally with the provision of ease through its secure, diverse, and viable transactional policies.
Cream Finance CREAM Website –https://cream.finance/
Cream Finance CREAM Twitter –https://twitter.com/CreamdotFinance
Cream Finance CREAM Medium –https://medium.com/@CreamdotFinance