SCREAM — a highly scalable decentralized lending protocol, built and running on the Fantom blockchain.
Description of the SCREAM credit protocol
This is a credit protocol, built on Fantom. It provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial. SCREAM aims to create high-speed markets for more traditional crypto-asset lending services, but with the goal of improving overall capital efficiency for a wider range of Fantom-based assets. Users will be able to lend any supported asset in the money markets and use their capital as collateral to borrow supported assets. When launched, SCREAM will allow borrowing and lending money markets for a certain number of assets.
At launch, the project will offer the following highly liquid money markets with dynamically adjusted incentives:
| 1. | WBTC. |
| 2. | WETH. |
| 3. | WFTM. |
| 4. | DAI. |
| 5. | USDC. |
| 6. | fUSDT. |
The project strives to offer one of the most liquid platforms on Fantom. By offering money markets with the highest liquidity at launch and aligning incentive strategies with those markets, the developers believe that users can get the most value from the get-go. SCREAM will introduce additional lending and staking options, including stablecoins (e.g. FUSD); DeFi tokens (e.g. YFI, SUSHI, CRV, SNX); LP tokens and other large markets.
Project tokens do not have voting rights that would give their holder any voting rights. Owning a SCREAM token does not generate any passive income or profit share that can be earned from other lending platforms.
What are ScLoans?
SCREAM has integrated ScLoans into its Fantom financial markets. ScLoans - developer tools that provide access to undercollateralized loans in anticipation of the loan amount (and fee), returned within a single transaction block on the network. It will offer a wide range of use cases, including arbitrage and collateral swap opportunities, as well as interest rate swaps. ScLoans are descended from Aave Flash Loans, except that ScLoans are implemented on Scream's credit token, scToken.