C.R.E.A.M. Communications #25

C.R.E.A.M Launches on Arbitrum, New Look Iron Bank, Leo Featured on Yap Cast, iceCream Stakers Get Paid ycrvIB

Hi, C.R.E.A.M. Community.

This week, C.R.E.A.M. Finance announced the winners of our Open Defi Hackathon bounties.

Cream Finance 🍦 @CreamdotFinance

Bounty #1, and $10,000 USDT, goes to @seungjusjlee for his amazing work and a strong readme. He built a complete test environment In ganache, test account, and UI with great consistency.

github.comGitHub - OneClickLeverage/Cream-Leverage-ContractContribute to OneClickLeverage/Cream-Leverage-Contract development by creating an account on GitHub.

Register here to watch the winners of the Hackathon present live Wednesday, September 22nd.

Weekly Recap

• C.R.E.A.M. Launches on Arbitrum

• New Look Iron Bank via Yearn v3

• Leo Featured on Yap Cast

• iceCREAM distributes $51k in Protocol Fees

C.R.E.A.M. Launches on Arbitrum

Ethereum scaling is taking the next step forward with the launch of Arbitrum.

C.R.E.A.M users can experience the power of L2 by taking advantage of near-instant confirmations and significantly reduced gas fees. Currently, users can supply and borrow ETH, USDC, and USDT. 

Cream Finance 🍦 @CreamdotFinance

We're thrilled to announce that C.R.E.A.M. is now live on @arbitrum ✨🍦 Users can supply and borrow ETH, USDC, and USDT at app.cream.finance To get started on Arbitrum bridge funds at bridge.arbitrum.io

New Look Iron Bank via Yearn v3

The new Iron Bank UI on beta.yearn.finance is a sight to behold!

Easy to understand, delightful to use, and of course...tasty yields.

Yearn had this to say about their design goals:

Rebuilt from the ground up, v3 is the realization of a shared vision of a lightweight, scalable system ready for the multichain future.

Leo Featured on Yap Cast

Leo Cheng sat down with Samantha Yap to breakdown practical personal finance topics and illustrate the importance of decentralized lending.

This is a high level discussion and suitable for non-crypto people to learn about how lending and borrowing differs between traditional banking and crypto.

Also, did you know Leo put together a twitter list he uses to help stay on top of things? You can follow that list here.

Listen to the full discussion here.

iceCREAM distributes $51k in Protocol Fees

iceCream stakers continues to collect protocols fees.

Based on current parameters, long term stakers are currently receiving about 35% APY.

When doing your own calculations, remember the yv-CurveIB tokens used to distribute rewards are worth approximately $1.10 each.

Jeremy Yang @JeremyYangHD

@set_ninja @machibigbrother Thanks @set_ninja :) And also this tx: etherscan.io/tx/0x170dd78c4… the price of yvcrvIB is around $1.1 (39778+9628)*1.1 = 51k

etherscan.ioEthereum Transaction Hash (Txhash) Details | EtherscanEthereum (ETH) detailed transaction info for txhash 0x170dd78c42fa0ceaa4b185b35a55536fab96bc6733f9874ca7a85245b091dc80. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.

Listing Committee Snapshot Votes

• ETH v1 Update: Raise $WOO collateral cap ✅

• ETH v1 Update: Raise $GNO collateral cap ✅

• FANTOM Update: Raise Collateral Cap of $ETH, $YFI, $SUSH ✅

• ETH v1 Update: Raise $YGG collateral cap ✅

What’s Ahead For C.R.E.A.M.

• 1 Year Staking unlock

• MetaFactory x C.R.E.A.M 👀

Thanks for reading - Feel free to follow us on Twitter and join our Discord to get in on the conversation.

-C.R.E.A.M. Finance