Cream Finance

What is the token?

Cream Finance (CREAM) is a decentralized finance (DeFi) platform that offers lending, borrowing, and exchange services within the cryptocurrency space. It operates on multiple blockchains, including Ethereum, Binance Smart Chain, and Fantom, providing users with a permissionless, transparent, and non-custodial financial service. The native token of the platform, CREAM, is used for governance, allowing holders to vote on proposals that influence the direction and protocol adjustments of the platform.

Tokenomics

• Total Supply

• : 2,924,546 CREAM tokens.

• Allocation

• :

• 10% to the team, vested over 2 years with a 6-month cliff.

• 10% to seed investors, vested over 2 years with a 6-month cliff.

• 20% for liquidity provider incentives.

• 60% for governance allocation.

• Token Burn

• : On September 20, 2020, 67.5% or 6,075,000 CREAM tokens were burned, reducing the total supply.

Market Data

As of today #{today’s date}, the price of Cream Finance is ₹1,478.75 INR or 16.9 USD, with a 24-hour trading volume of 17748631.05 USD. The market capitalization for Cream Finance is 31539738.3USD. The circulating supply is 1855659 Cream Finance, with the total supply also being 2924546 Cream Finance.

Token Pros and Cons

:

• Multi-Chain Functionality

• : CREAM operates on Ethereum, Binance Smart Chain, and Fantom, offering flexibility and accessibility.

• Governance Participation

• : CREAM token holders can participate in governance decisions that influence the platform’s future.

• Liquidity Provider Incentives

• : The platform offers incentives for liquidity providers, which can enhance yield opportunities.

• Diverse Financial Services

• : Offers a range of DeFi services, including lending, borrowing, and token exchange.

• Yearn Finance Ecosystem

• : As part of the Yearn Finance ecosystem, CREAM benefits from the synergies and innovations within this network.

:

• Smart Contract Risk

• : As with any DeFi platform, there is a risk of smart contract vulnerabilities.

• Market Volatility

• : The price of CREAM tokens can be highly volatile, like many cryptocurrencies.

• Regulatory Uncertainty

• : The evolving regulatory landscape for DeFi could impact CREAM’s operations.

• Complexity for New Users

• : The platform’s range of services and governance mechanisms may be complex for new entrants to DeFi.

• Competition

• : Faces significant competition from other DeFi lending platforms.

Why Should You Invest in the Coin?

• Innovative DeFi Solutions

• : CREAM is continuously developing new DeFi solutions, such as the Iron Bank, which could lead to increased adoption.

• Strong Partnerships

• : Being part of the Yearn Finance ecosystem provides access to a range of collaborative DeFi projects.

• Active Governance

• : The active governance model empowers users and could lead to a more robust and user-centric platform.

• Token Burn

• : The significant token burn event has reduced the total supply, which could potentially increase the value of remaining tokens.

• Diverse Ecosystem

• : The platform supports a wide range of tokens and services, which could attract a broad user base.

USP of the coin

• Cross-Chain Compatibility

• : CREAM’s availability on multiple blockchains enhances its usability and potential user base.

• Capital Efficiency

• : Focused on longtail assets, CREAM aims to increase capital efficiency across all crypto markets.

• Permissionless and Non-Custodial

• : The platform’s permissionless and non-custodial nature aligns with the ethos of decentralized finance.

Problem the coin is solving

Cream Finance addresses the issue of capital inefficiency in crypto markets by providing a platform where a wide range of assets, including longtail and interest-bearing tokens, can be lent and borrowed, thus increasing liquidity and access to financial services in the DeFi space.

Founder and team background

The Cream Finance team includes experienced professionals from the blockchain and finance sectors. Jeffrey Huang, a prominent figure in the crypto community, is one of the founders. The team’s diverse background contributes to the platform’s innovative approach to DeFi solutions.

ICO Price

The absence of an ICO (Initial Coin Offering) price for Cream Finance (CREAM) suggests that the token was not launched through a traditional ICO process. Instead, Cream Finance was launched as a liquidity mining platform where users could earn CREAM tokens by providing liquidity to the platform. This method of distribution is known as liquidity mining and is a common practice in the DeFi space, where tokens are distributed to users who actively participate in the protocol by staking or providing liquidity rather than through a pre-sale or public sale event. Therefore, there is no ICO price because the initial distribution of CREAM tokens was done through liquidity mining rather than a public sale.

• Listing Date

• : The CREAM token was launched on August 3, 2020.

• Initial Allocated Units

• : The initial distribution plan included 9,000,000 CREAM tokens.

Risks Associated in Investing in the Coin

• Exposure to Exploits

• : Past exploits have led to significant losses, highlighting the risks associated with DeFi protocols.

• Liquidity Risks

• : Changes in liquidity can significantly impact token prices and the platform’s stability.

• Competitive Market

• : The DeFi space is highly competitive, with many platforms offering similar services.

• Dependence on Crypto Market Health

• : The platform’s success is closely tied to the overall health of the crypto market, which can be unpredictable.

• Governance Risks

• : Decentralized governance can lead to unpredictable changes in the protocol, impacting token value.

Whitepaper Insights

The whitepaper for C.R.E.A.M. Finance, available through their documentation, presents an overview of a decentralized lending protocol designed for individuals and protocols to access financial services. It emphasizes its permissionless, transparent, and non-custodial nature.

C.R.E.A.M. Finance operates on Ethereum, Binance Smart Chain, and Fantom, focusing on providing smart contract money markets for long-tail assets. This approach aims to enhance capital efficiency across crypto markets, allowing users to lend supported assets on these markets. These assets can then be used as collateral to borrow another supported asset, thereby facilitating a wide range of financial transactions.

The protocol supports a diverse array of tokens in its money markets, including stablecoins (e.g., USDT, USDC, BUSD), interest-bearing stablecoins (e.g., yCRV, yyCRV), DeFi tokens (e.g., YFI, SUSHI, CREAM), LP-tokens (e.g., USDC-ETH SLP, WBTC-ETH SLP), and other cryptocurrencies (e.g., ETH, LINK), though this list is not exhaustive. Users interested in borrowing or lending tokens can do so through their application platform.

In summary, C.R.E.A.M. Finance aims to increase the accessibility and efficiency of financial services within the crypto market through its decentralized lending platform, supporting a wide range of assets and facilitating various lending and borrowing activities.