RESEARCH REPORT ABOUT CREAM FINANCE

ABSTRACT

1.INTRODUCTION

  • Cream Finance is a decentralized lending and exchange platform featuring liquidity mining.
  • The CREAM token is the governance token of the Cream platform. CREAM holders are able to vote on the addition/removal of liquidity pools, supported assets, changes in platform parameters, and more.
  • Users can earn CREAM tokens by providing liquidity in supported pools, as well as participating in governance voting.
  • C.R.E.A.M. Swap is the platform’s decentralized exchange protocol, and a code fork of Balancer.
  • A portion of interest as well as transaction fees are collected by the platform, and distributed to CREAM token holders as rewards.
  • Cream Finance’s lending pool and governance is a code fork of Compound’s cToken model and governance.

1.1 OVERVIEW ABOUT C.R.E.A.M. FINANCE

1.2 HISTORY & FOUNDER

1.3 HOW DOES CREAM WORK?

1.4 HOW TO FARM CREAM?

1.5 CREAM’S LENDING SERVICES

1.6 CREAM TOKEN AND LIQUIDITY POOLS

1.7 COMPARISON WITH OTHER PROJECTS

1.8 THE DOWNSIDE OF CREAM

2 CREAM SWAP: WHAT IS IT?

2.1 WHAT IS C.R.E.A.M. SWAP?

2.2 HOW IS SWAP USEFUL?

2.3 LIQUIDITY MINING

2.4 TEAM VESTING EXTENDED, NEW MULTISIG HOLDERS

2.4.1 TEAM VESTING

3 C.R.E.A.M. LAUNCHES ON BINANCE SMART CHAIN

3.1 BINANCE SMART CHAIN IS FAST AND AFFORDABLE

3.2 SOLVING THE UI/UX PROBLEM WITH THE BINANCE ECOSYSTEM

3.3 NEW SWAP POOLS — BULLISH UNI/WETH, UNI/CREAM

3.4 UNI TOKEN LISTED

4 GOVERNANCE BASICS

5 CREAM & V BETA

5.1 BETA LIQUIDITY MINING DISTRIBUTION; CRCREAM STAKING MIGRATION

5.2 V2 BETA LIQUIDITY MINING PROGRAM

5.2.1 CREAM REWARD CHANGE HIGHLIGHTS

5.2.2 V2 BETA MINING CONTINUES

5.2.3 BETA MINING

5.3 SWAP LAUNCH; V5 BETA LIQUIDITY MINING

5.3.1 LIQUIDITY MINING REWARD THOUGHTS

5.3.2 V5 BETA LIQUIDITY MINING — CHANGE HIGHLIGHTS

  • Any supply/borrow (Pool 1) — Remain the same at 1,000 per day.
  • CREAM Supply ONLY (Pool 1.5e) — Increased to 5,000 per day, up from 1,700 per day.
  • Liquidity providers in Balancer (Pool 2a) — Remain the same at 1,000 per day.
  • Liquidity providers in Uniswap (Pool 2b) — Remain the same at 1,000 per day.
  • New Swap liquidity pools for CREAM — 3,000 per day for CREAM/USDC, CREAM/WETH, crCREAM/crYFI.
  • New Swap liquidity pools for LP positions — 500 per day for crYETH/crYYCRV, yETH/WETH, yyCRV/USDC.
  • MTA bonus pool ended on September 6th.
  • yyCRV bonus pool ended on September 7th.
  • FTT and SUSHI bonus pools ended on September 8th.
  • yETH bonus pool ended on September 9th.

5.4 V6 BETA LIQUIDITY MINING; BSC LAUNCH

5.4.1 LIQUIDITY MINING REWARDS THOUGHTS

5.4.2 V6 BETA LIQUIDITY MINING — CHANGE HIGHLIGHTS

  • Any supply/borrow (Pool 1) — Remain the same at 1,000 per day.
  • CREAM Supply ONLY (Pool 1.5e) — Reduced to 2,500 per day, down from 5,000 per day.
  • Liquidity providers in Balancer (Pool 2a) — Reduced to 100 per day.
  • Liquidity providers in Uniswap (Pool 2b) — Reduced to 100 per day.
  • Swap liquidity pools for CREAM reduced from 3,000 per day to 1,000 per day for CREAM/USDC, CREAM/WETH, crCREAM/crYFI.
  • Swap liquidity pools for LP positions in crYETH/crYYCRV, yETH/WETH, yyCRV/USDC end on September 14th.
  • SRM bonus pool ends on September 17th.
  • Bullish YFI/USDC pool rewards end on September 18th.

6 CREAM COMMUNITY

7 CONCLUSION

8 REFERENCES

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