Review on Cream Finance by francis fernandez
Cream Finance: a multi-functional ecosystem
Cream Finance is a technological tool that allows the creation of sources of liquidity through the use of decentralized financial instruments that contribute to the growth of markets with automated operation.
Token:
Cream Finance uses its CREAM token as a reward currency for supplying liquidity to decentralized markets.
CREAM is an ERC-20 token because it operates on the Ethereum chain.
This token contributes to the admission compatibility of multiple digital currencies on the Cream Finance network.
In addition to fulfilling multiple functions within the decentralized finance mechanism of the chain.
Utilities:
• Cream Finance serves as a source of liquidity for its users
• Allows its users to obtain financing immediately
• Represents an investment instrument
• It allows using the liquidity obtained and granting it as a loan to generate returns
• Serves to exchange assets
• Guarantees the right to participate in the governance of the network
• Allows for staking and trading of assets
• Allows interoperation with the most important cryptocurrencies on the market
Technology:
Cream Finance uses the robust Ethereum technological system to manage its multiples.
The Ethereum virtual machine through the use of smart contracts allows the CREAM token to generate and interoperate with a wide range of decentralized financial solutions.
All these qualities qualify Cream Finance as a multifunctional, safe and powerful platform to entrust our assets.
Pros
- It is a protocol without third party control
- Uses a direct communication network mechanism
- It is an open source protocol
Cons
- It has no disadvantages
