C.R.E.A.M. Communications #14
Polygon Launch, New Portfolio Page, Listing Committee Introduction
Hi, C.R.E.A.M. Community.
C.R.E.A.M. is now the most used DeFi protocol for the DPI Index Token.
About 5% of all $DPI is deposited into $CREAM and 1% is borrowing stables.
Learn more about DPI Index Token here.
We are excited to announce that C.R.E.A.M. Finance will be launching our money markets on Polygon!
C.R.E.A.M. remains driven in our goal to bring capital efficiency to long-tail assets on multiple blockchains. Our integration with Polygon means faster transactions, lower gas fees, and access to different markets for our users.
Today, Polygon has a thriving DeFi ecosystem — with $8.64b TVL.
At launch, users will be able to supply and borrow tokens on the following markets: USDC, USDT, DAI, WMATIC, WETH, WBTC, LINK, SUSHI, CRV, QUICK.
C.R.E.A.M. Polygon markets will be incentivized with liquidity mining. Details to be announced.
New Portfolio Page
Last week, we introduced our new user interface in C.R.E.A.M. Communication #10. We are now pleased to release our new portfolio page.
This tab allows user to quickly understand their supply and borrow positions as well as liquidation history.
Users that have been liquidated will now be able to see an in-depth breakdown of their liquidation event including — date, debt repaid, remaining debt, and collateral lost.
First-Ever Listing Committee Introduction
Two weeks ago, we announced that the creation of the Listing Committee had been approved and Snapshot voting had finished.
C.R.E.A.M. Finance is now very excited to formally introduce further details about the first ever 5-member C.R.E.A.M. Listing Committee.
The Listing Committee votes on Asset Listing, Reserve Factors, Collateral Factors, and Collateral Caps. Ethereum V1, BSC, Arbitrum, and Fantom are the money markets the Committee will vote on.
If an asset is rejected, the project can re-submit another proposal after 30 days. If they resubmit within 30 days, the committee will reject it. If someone voluntarily resigns from the committee, or 3 out of the remaining 4 committee members vote to remove a member, a new election will be held to fill the remaining seat.
In partnership with Galaxy, each member of the committee (epoch #1) will receive an NFT — which they will use to cast their vote on Listing Committee Only snapshot.
Projects can submit an application for new asset listings here.
New C.R.E.A.M. Supported Assets
C.R.E.A.M. adds market support for $WOO
C.R.E.A.M. Snapshot Votes
Approved Snapshot Votes
What’s Ahead For C.R.E.A.M. Finance
Iron Bank expansion:
Thanks for reading - Feel free to follow us on Twitter and join our Discord to get in on the conversation.