C.R.E.A.M. Communications #9
Revamped UI Release, Staking Services, Lottery Competition with Perpetual Protocol, BarnBridge Integration, 3-step Governance Process Proposal
Hi, C.R.E.A.M. Community.
Project lead, Leo Cheng, discussed the Binance Smart Chain ecosystem at CoinGecko Virtual Meetup #12. He outlined his views on the multi-chain universe, decentralization, transparency in DeFi, and many other interesting topics.
Weekly Recap
Revamped UI Release
3-step Governance Process Proposal
Revamped UI Release
C.R.E.A.M. Finance is pleased to reveal its new user interface.
Lending
Markets
C.R.E.A.M. Staking Services
C.R.E.A.M. Finance has introduced its second product line: Staking Services.
In addition to offering multi-chain money markets, C.R.E.A.M. Finance enables users to stake native assets to its validator nodes. C.R.E.A.M. is focused on providing the best returning staking services to users, while also helping decentralize the chains we deploy markets on by operating validator nodes.
Today, C.R.E.A.M. runs validator nodes on Eth2, BSC, and Fantom — totaling over $300M staked.
All fees generated from Staking Services will belong to DAO/protocol as revenues.
C.R.E.A.M. Finance plans to operate nodes where possible on chains where we deploy C.R.E.A.M. money markets. This enables our users to have a trusted validator staking service wherever they need while diversifying our revenue streams and also helps drive decentralization.
Lottery Competition with Perpetual Protocol
In partnership with Perpetual Protocol, we launched our co-sponsored competition.
$CREAM traders on Perpetual Protocol and $PERP borrow / lenders on C.R.E.A.M. v1 are eligible to earn lottery tickets. The mechanics of the competition are very simple:
For C.R.E.A.M. — every 100 $PERP lent / borrowed = 1 ticket
For Perpetual Protocol — every $5000 USDC traded in cream market = 1 ticket
Each wallet will have a cap of 20 tickets to ensure fairness. Winners will be selected on a live stream via a random number generator on June 9th.
Prize pool = $10k CREAM & $10K PERP
Feel free to participate until May 31st by trading $CREAM on Perp and/or by borrowing lend $PERP on Cream.
BarnBridge Integration
BarnBridge now supports C.R.E.A.M. Finance stablecoin markets. For BarnBridge, the idea is to tranche out the yield from C.R.E.A.M. — to normalize the risk curve with derivatives for risk mitigation.
For C.R.E.A.M., this means more supply and demand on money markets, and deeper collaboration between with BarnBridge.
3-step Governance Process Proposal
Regan Bozman and Pierre Chuzeville, on behalf of Dove Mountain, proposed defining a C.R.E.A.M. governance process. From idea to implementation, including days per stage, key stakeholders, quorum, and thresholds.
As part of these changes, Dove Mountain proposes to lower the C.R.E.A.M. balance needed to submit a Governance Request or Improvement Proposal to 250 CREAM.
These changes would increase community participation in governance.
Please feel free to join the discussion!
New C.R.E.A.M. Supported Assets
Ethereum
C.R.E.A.M. Snapshot Votes
Approved Snapshot Votes
C.R.E.A.M. Improvement Proposals
What’s Ahead For C.R.E.A.M. Finance
iceCREAM
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