What is Cream?
Cream Finance, also known as C.R.E.A.M., is a decentralized lending protocol that provides financial services to institutions, individuals, and other protocols. As a part of the Yearn Finance ecosystem, the platform aims to be an open-source, permissionless, and blockchain agnostic protocol, allowing for the development of business solutions on different blockchain technologies.
C.R.E.A.M. intends to serve users on Binance Smart Chain, Ethereum, Polygon, and Fantom. Binance Smart Chain is a blockchain that operates alongside the Binance Chain and features smart contract functionality, which allows for the creation of contracts in the form of protocols on the blockchain. Meanwhile, Fantom is a high-speed, open-source smart contract platform for digital assets and DApps.
Passively holding Ethereum (ETH) or Wrapped Bitcoin (WBTC) can also allow users to earn yield by placing their assets on the C.R.E.A.M. platform. Wrapped Bitcoin (WBTC) is an ERC20 token that is backed 1:1 with Bitcoin.
Cream Finance's native currency is the DeFi token Cream (CREAM), which is built on the Ethereum blockchain and given to the platform's participants through borrowing, lending, or offering liquidity. Liquidity refers to the ease with which an asset can be converted into cash without affecting its market price. Additionally, CREAM token holders have the ability to govern C.R.E.A.M. Finance and its protocols.
The ultimate goal of C.R.E.A.M. Finance is to advance the DeFi space by integrating and improving existing protocols. By pushing the boundaries of DeFi, C.R.E.A.M. Finance strives to create a more accessible and innovative financial system for all.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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