Review on Cream Finance by Özgün A
Why is the CREAM team not making clear statements?
CREAM tries to provide service between lending, exchange, payment and asset services. In other words, the right to lend and manage the asset is required.
Obviously, users were scared because it stayed in beta for a long time. But then more than half of the tokens were burned, resulting in high value. After that, users started to turn to CREAM.
But the question to ask is: Why were such large tokens burned at once?
There is insecurity here. Of course, cryptocurrency users want all control to be in their hands. CREAM says: let us manage your assets in a more logical and profitable way. It wants to minimize your losses.
The problem arises here. So, if we let it, would we have given our assets to hackers with our own hands in case of a hacking? CREAM founders should explain this to people in a better and more explanatory way. If they don't, they'll get lost in the cryptocurrency world. The CREAM team needs to explain their goals clearly to everyone.
In conclusion: A project with good aims but low applicability.
Pros
- Smart contract with Ethereum virtual machines
Cons
- The future is uncertain
- The CREAM team should clearly state their goals
- Contracts should be made about the permissions to be obtained from users.
