Cream Finance
Cream FinanceName
Cream Finance
Summary
-Cream Finance is a decentralized lending and trading platform with a liquidity mining component.
-It was founded by Jeffrey Huang.
-It is an ERC20 token on the Ethereum network.
-Cream Swap is a fork of Balancer that serves as the platform's decentralized exchange system.
-Cream Finance's lending pool and governance is a code fork of Compound's cToken concept and governance.
Rating
Symbol
CREAM
Overview
Cream Finance can be used by individuals, institutions, and protocols to access financial services in DeFi lending protocol. It is a permissionless, open-source, and blockchain agnostic protocol that serves users on Ethereum, Binance Smart Chain Polygon, and Fantom.
Cream Finance uses automated market-making (AMM) to provide liquidity to critical DeFi assets, allowing users to borrow and lend supported assets while also earning liquidity mining rewards in the form of its CREAM token by supplying any supported asset as collateral.
Historical Price Movement (in INR)
Technology
The cream is a peer-to-peer lending platform based on Ethereum. Cream. Supplementary assets, such as CRV and YFI, set it apart from Compound Finance.
CreamY is a unique version of an AMM developed by C.R.E.A.M. Finance to facilitate high-liquidity swaps of crypto assets of similar value. When users deposit liquidity, they receive a portion of the platform's trading fees.
Use of native tokens in the ecosystem:
Cream Finance's native token is also CREAM. It enables users to borrow, lend, stake assets, and contribute to the network's governance. It also allows users to vote on whether assets should be supported or delisted.
Team and advisors
10%
Seed
10%
Incentivize liquidity providers
20%
Governance
60%
Volume (27th March 2022)
$7,594,900
Total Supply
2925000
Circulating supply
616,378.00 CREAM
Crowd Sales
NA
Country
China
Name of Organization
Cream Finance
Year Incorporated
2020
Registered Address
Taiwan, Jiangsu, China
Dispute Resolution and Governing Law
China
Country Risk Assessment
A2
Founding Team
| Name | Designation | Education | Experience |
| Jeffrey Huang | Founder | NA | 2 Yrs |
