C.R.E.A.M. Communications #2
Iron Bank Grows, Yearn Proposes v2 yVault Listing, CREAM added to DPI, Cake-LP Listed
Hi, C.R.E.A.M. Community.
Crypto Rules Everything Around Me.
The C.R.E.A.M. Finance community continues to grow. As of April 5th, there were 6,022 unique $CREAM holders— an all-time high, and a 7.5% month-over-month increase.
Iron Bank TVL Climbs Higher
Iron bank number go up.
The Iron Bank is growing exponentially — thanks in part to our close collaboration with Yearn.
The crvIB vault has reached $85M after launching only 2 weeks ago.
The ycrvIB strategy has very attractive yields of ~40% … driven by Yearn using its veCRV to vote for the Iron Bank gauge, and thus increasing the total CRV rewards collected by this strategy.
Vote: List Yearn Finance v2 yVault Tokens As Collateral Assets
Dudesahn from Yearn proposed a deeper collaboration between Yearn and Cream. This proposal is up for vote — voting ends April 9th.
The proposal is to list Yearn Finance's yvYFI, yvDAI, yvUSDC, yvWETH, yvCurve-IronBank, yvCurve-sETH, and yvCurve-stETH v2 yVault tokens as collateral assets.
As outlined in the pitch, if passed this would greatly benefit both C.R.E.A.M. and Yearn:
Allowing users to deposit the yield-generating version of assets (yVault tokens) rather than the base assets makes the total yield of deposits more attractive (ie. depositing USDT on C.R.E.A.M. or a competitor vs. depositing yield-generating yvUSDT on C.R.E.A.M.).
Yearn currently has a Total Value Locked (TVL) of $1.2 billion across all vaults. Listing the yVault tokens will provide a significant TVL increase locked into C.R.E.A.M. v1, as Yearn has the potential to 7x the C.R.E.A.M. v1's current TVL of $240 million. This will translate in a significant increase in fees collected by C.R.E.A.M., as users seek to borrow against these assets.
Allowing Yearn yVaults to be used as collateral would give an extra incentive for users to deposit funds on Yearn, increase Total Value Locked (TVL) and fees, and dramatically increase capital efficiency & composability.
If you hold $CREAM tokens - PLEASE VOTE HERE.
CREAM added to DeFi index - $DPI
$CREAM token is now listed in the defi index — $DPI.
Overnight, 13,000+ DPI holders now have exposure to $CREAM.
Cake-LP Listing Launch
Superfluid collateral is live on Binance Smart Chain — users can now borrow / lend CAKE-LP tokens on C.R.E.A.M. BSC.
As of last week, five CAKE-LP borrow lend markets are officially live:
USDT-BUSD; CAKE-BNB; BNB-BUSD; BTCB-BNB; ETH-BNB
CAKE-LP lenders will earn $CAKE rewards, LP trading fees, and supply APY. Learn more here.
C.R.E.A.M. Improvement Proposals
C.R.E.A.M. In The Media
Using IronBank to Its Fullest
What’s Ahead For C.R.E.A.M. Finance
UI / UX revamp
New Feature ⚡👀