Review on Creamcoin by Vincent Michael
CRYPTO RULES EVERYTHING AROUND ME (cream)
cream which means Crypto Rules Everything Around Me, was founded in July 2020 and was led by a developer called Jeffrey Huang. This platform has successfully generate two big products which are the decentralized lending protocol Known as CREAM and forked from compound and it has a decentralized exchange protocol known as CREAM swap and forked from balancer. This project has also had a merg woth yarn finance towards the end of November and acquisition spree and cream was one of them. On the 14 of January 2021, they cream team have announced that that they plan to lunched a zero collateralized lending service called iron bank. With this bank borrowers do not need to deposit any collateral when borrowing on CREAM.
Cream is a decentralized lending protocol and decentralized exchange, it is mostly known as cream swap, it resides both on the Ethereum chain and binance chain (BSC). In January this platform allowed lenders to borrow up to 40 crypto currencies from this platform. Lenders can also earn interest by providing liquidity for this platform while borrowers can borrow by collateralizing their crypto asset to take out loans from the liquidity pools
This platform has a native token, CREAM, which act as a governance token. This Governance allow the community to decide on the protocols direction such as deciding on new crypto assets to be listed on cream, the reserve ratio the collateral factor, and many more. CREAM means crypto rules everything around me. Apart from supplying liquidity, yo will receive crTokens that represents the respective underlying asset, and those token into account on the collateral factor
This project has many more to offer, I will like to recommend it to all crypto investor, this platform offers the best crypto ac
Pros
- This platform is a lending protocol that allow the users to borrow up to 40 crytocurrency.
- It's is also a decentralized exchange.
- It also has a native token called CREAM.
- It also gives lenders the possibility of earning interest by providing liquidity to the protocol
- Best security of all time.
- Most rate among users.
Cons
- I didn't find anything wrong with this project.
