C.R.E.A.M. Communications #3
Flash Loans, Alpha Finance Integration, DeFi Safety, Iron Bank Interest Rate Model
Hi, C.R.E.A.M. Community.
Last week, I provided an update on the growth of the total number of $CREAM holders — this week, this growth has accelerated. As of April 12th, there were 6,367 unique $CREAM holders— an all-time high, and a 5.7% week-over-week increase.
C.R.E.A.M. Launches Flash Loans
C.R.E.A.M. Finance launched flash loans across its full ecosystem of money markets — The Iron Bank, C.R.E.A.M. v1, C.R.E.A.M. BSC, and C.R.E.A.M. Fantom.
This is a major step in C.R.E.A.M.’s mission of becoming the most capital efficient money market in crypto. At launch, C.R.E.A.M. will offer the largest set of flash loanable assets on the market.
C.R.E.A.M. flash loans cost of 0.03%.
Alpha Finance: Earn on C.R.E.A.M.
Alpha Finance integrates C.R.E.A.M. Finance BSC — this will enable Alpha and C.R.E.A.M. communities to earn yield on Binance Smart Chain.
To complement our Earn on Compound + ibETH and Earn on Aave + ibETH on Alpha Homora V1 on Ethereum, Alpha and C.R.E.A.M. want to give our communities additional opportunities to earn yield concurrently from two different sources on BSC.
DeFi Safety Updates C.R.E.A.M. Score
C.R.E.A.M. Finance’s DeFi Safety score has improved to 83%.
Protocol safety and user security remain a top priority for C.R.E.A.M.
Iron Bank Interest Rate Model Upgrade
The Iron Bank has upgraded its stablecoin Interest Rate Model.
The interest rate slope has been cut in half — between 0–90% utilization rate.
This change brings two major benefits:
Increased protocol capital efficiency
Borrowers get better interest rates— at the same utilization rate
For example, at utilization rate of 80–90%, the APY for borrowers has been reduced from 20.2% to 10.96%.
C.R.E.A.M. Improvement Proposals
C.R.E.A.M. In The Media
What’s Ahead For C.R.E.A.M. Finance
UI / UX revamp
Security Bug Bounty