Binance<\/a> Smart Chain (BSC), Fantom, and Polygon.<\/p>\n\n\n\nCream Finance is supported by the Ethereum network which allows CREAM to run the Ethereum Virtual Machine (EVM) on its protocol through smart contracts and allows the users to run their community and autonomous organization on the protocol thereby creating a large network of connected individuals with a mutual goal. Cream Finance allows the users access to under-collateralized funds through flash loans which can be approved if the borrowed amount with the fee can be repaid with a transaction block. These flash loans support collateral and interest rate swapping, arbitrage, and votable liquidations.<\/p>\n\n\n\n
Cream security technique for their smart contract is not yet verified from the audit report on the CREAM official website but features a multi-signature wallet that ensures the security of the users’ assets. Moreover, the tokens undergo a staking period of four years and the tokens are released at the end of the staking timeframe. CREAM supports long tail assets, and unpopular crypto tokens with low trading volume and market cap, helping to increase the liquidity balance on the exchange. Cream Finance features two versions; V1 which acts as a lending platform for low liquidity assets, and then the V2 that is regarded as an Iron bank that supports both retail investors and DeFi protocols, unlike the V1.<\/p>\n\n\n\n
Cream Finance supports a wide range of tokens on their money market from LP tokens to DeFi tokens to stablecoins and many other interest-backed coins that add to the liquidity on the network. Also, the users can easily lend any asset supported on the Cream Finance marketplace and also use the borrowed asset as collateral to gain access to another asset.<\/p>\n\n\n\n
Cream Finance (CREAM) Fundamental Analysis<\/h2>\n\n\n\n
CREAM was founded by Jeffery Huang, a Taiwanese entrepreneur and the founder of Mithril, an Ethereum social media platform, and was launched on the Binance Smart Chain in September 2020.<\/p>\n\n\n\n
Tokenomics<\/h3>\n\n\n\n
The CREAM token has a maximum supply of 9 million CREAM coins of which there’s a current maximum supply of 150,000 in circulation that is expected to increase by 2024 at the end of the four-year vesting period. 10% of the CREAM token was allocated to the founding team and seed function with four years vesting period respectively. 20% was distributed to liquidity providers as incentives, 75% was locked up for a four-year vesting period and 60% was sent to the governance arm of the network.<\/p>\n\n\n\n
Key Events And Partnerships<\/h3>\n\n\n\n
Cream Finance has had numerous challenges and crossed out a lot of points since its creation which has induced the inflow of capital into the protocol as more investors buy Cream Finance.<\/p>\n\n\n\n
In October 2021, Cream Finance protocol was targeted by hackers who stole CREAM worth $130 million from the V1 marketplace. The attackers manipulated the large liquidity pool while targeting the oracle defenses but were later fixed by the development team of the protocol.<\/p>\n\n\n\n
However, Cream Finance went ahead to partner with MetaFactory and Project Galaxy to launch Loot-Box, an NFT game, in the same month despite the attack on the network. This was primarily to target the entrance of new users and adoption of the tokens on more chains while rewarding the previous holders of the token.<\/p>\n\n\n\n
Cream Finance (CREAM) Current Price<\/h2>\n\n\n\n
Cream is currently worth $<\/b>0.407188<\/span><\/span><\/span><\/strong> USD. CREAM has moved -1.65%<\/span><\/span><\/strong> in the last 24 hours with a trading volume of $<\/b>0<\/span><\/span><\/span><\/strong>. Cream is currently ranked 5381<\/span><\/span><\/strong> amongst all cryptocurrencies with a market capitalization of $<\/b>755,603<\/span><\/span><\/span><\/strong> USD.<\/p>\r\n\r\n\r\n