C.R.E.A.M. Communications #4
Yearn Collaboration, Our Network Feature, Alpha Posts 50M $Alpha To Iron Bank As Collateral
Hi, C.R.E.A.M. Community.
Sign up for our first Community Call.
On the call we will discuss community mining, addition of yVault tokens for collateral, new interest rate mechanics, and more!
Weekly Recap
Yearn and C.R.E.A.M. Further Integrate
Remember when Yearn and C.R.E.A.M. merged?
Well, collaboration between the two protocols is intensifying.
On April 2nd, dudesahn submitted a proposal to list 10 yVault v2 tokens as collateral on the C.R.E.A.M. money market.
One week later, this passed the C.R.E.A.M. governance vote.
Now, we are happy to announce three Yearn v2 yVaults are coming to C.R.E.A.M. very soon — ycrvsETH, ycrvstETH, and ycrvIronBank.
What impact will this have? … Defi Ted put it best, C.R.E.A.M. TVL number go up.
C.R.E.A.M. Featured In Our Network
Shoutout to community member Regan for the analysis.
Below, this is an excerpt — read the full feature here.
C.R.E.A.M. recently revamped its interest rate model for the Iron Bank, increasing capital efficiency. The Iron Bank’s utilization rate is ~47.5%, compared with Compound’s ~40% and Aave V2’s ~20%. This gives borrowers much better rates — at a utilization rate of 80%, APY has been cut in half to 10%.
Alpha Finance Posts 50M $Alpha To Iron Bank As Collateral
Alpha Finance continues in its efforts to payback the Iron Bank for the recent exploit.
Yesterday, Alpha put up 50M $ALPHA tokens as collateral to the Iron Bank to ensure remains fully collateralized.
Additionally, Alpha remains on-time with debt payments — repayment funds come from 20% of Alpha’s protocol fees collected.
We are currently working on getting the lending partnership between AHv2 and Iron Bank turned back on — should be ready in the coming weeks.
C.R.E.A.M. Improvement Proposals
Proposal: Add support for mAssets from Mirror Protocol on C.R.E.A.M. Ethereum
Proposal: C.R.E.A.M. to implement EPNS decentralized notifications
C.R.E.A.M. In The Media
What’s Ahead For C.R.E.A.M. Finance
UI / UX revamp
Security Bug Bounty
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-C.R.E.A.M. Finance