CREAM — a decentralized lending protocol for individuals, institutions and access protocols for the financial services. As a part of the financial ecosystem, it is an open source permissionless and blockchain independent protocol, serving Ethereum, Binance Smart Chain and Fantom users. Users who passively hold Ethereum or Bitcoin can deposit their assets to C.R.E.A.M. to generate income, similar to a traditional savings account.
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Description of the coin defi CREAM project
The CREAM protocol is permissionless, transparent and storage-free. Currently, C.R.E.A.M. works on Ethereum, Binance Smart Chain and Fantom. The financial markets for smart contracts are focused on long-term assets - with the aim of increasing the efficiency of capital use for all assets in the cryptocurrency markets. Users can lend out any supported assets in the markets and use the provided capital as collateral to borrow another supported asset.
CREAM offers a wide variety of tokens in the money markets, including:
| 1. | Stablecoins (USDT, USDC, BUSD). |
| 2. |
Percentage stablecoins (yCRV, yyCRV). |
| 3. | Defi tokens (YFI, SUSHI, CREAM, CREAM). |
| 4. | LP-tokens(USDC-ETH SLP, WBTC-ETH SLP). |
| 5. | Other cryptocurrencies (ETH, LINK). |
Every asset, supported by C.R.E.A.M. integrates through the crToken contract, which is EIP-20 compliant. By creating a crToken, users receive interest through the crToken exchange rate, which increases in value, relative to the underlying asset.
There are currently two types of crTokens: CErc20 and CEther. While both types provide an EIP-20 interface, CErc20 wraps the underlying ERC-20 asset and CEther just wraps Ether itself. Thus, the main functions that involve transferring an asset to a protocol have slightly different interfaces, depending on the type.
What else should you know?
There is an introductory document on the site. With it, you can explore the features of the project. It contains information that will help users to start.
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