C.R.E.A.M. Finance, a decentralized lending platform, offers algorithmic interest rates and multi-chain services in DeFi. More
Fully Diluted Valuation | $3.23M |
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24H Trading Volume | $19,285 |
24H Low / High | $1.09 / $ 1.13 |
Circulating Supply | 2.32 M |
Total Supply | 2.92 M |
Max Supply | 9.00 M |
Categories | Automated Market Maker (AMM) 12 more |
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Founder | Jeffrey Huang |
Website | cream.finance |
Socials | 1 more |
Chains |
Ethereum Ecosystem
5 more
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Explorer | Nearblocks 7 more |
Contracts |
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In the dynamic landscape of decentralized finance (DeFi), C.R.E.A.M. Finance has emerged as a notable player. Launched on August 3, 2020, on the Ethereum network, C.R.E.A.M. Finance is a lending platform that allows users to borrow or lend from a pool of assets in a permissionless environment. The platform, which stands for "Crypto Runs Everything Around Me," is unique in its approach to setting interest rates, which are determined algorithmically based on the proportion of assets lent out. This innovative method contrasts with traditional financial systems, providing a more dynamic and responsive lending environment.
Founded by Taiwanese entrepreneur Jeffrey Huang, C.R.E.A.M. Finance is part of the yearn.finance ecosystem and offers its services on multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, and Fantom. Users can deposit assets like Ether or wBTC to earn yield, akin to a savings account. The platform is a fork of Compound Finance and prides itself on being open-source, permissionless, and blockchain-agnostic. It also offers yield farming rewards to develop its network inclusively. The CREAM token, integral to the platform, enables users to lend, borrow, stake assets, and participate in governance decisions.
Cream Finance stands out in the DeFi sector for its decentralized lending protocol, flash loans feature, and a wide range of lending and borrowing options. It supports a variety of cryptocurrencies and has a strong focus on security and a user-friendly interface.
Cream Finance was founded by Jeffrey Huang, a Taiwanese entrepreneur also known for founding Mithril, an Ethereum-based social media platform.
You can buy Cream (CREAM) on Gate.io, KuCoin, Uniswap V2 (Ethereum), Sushiswap cryptocurrency exchanges.
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