Cream (short for Cream Finance) is a blockchain-based decentralized finance (DeFi) protocol that offers services such as lending, staking, and swapping digital assets. It is primarily built on the Ethereum network, but also supports other networks such as Binance Smart Chain and Fantom. The protocol’s native token, CREAM, is used for governance, rewards, and ecosystem participation.
Cream Finance Features
1. Lending and Collateralized Borrowing: Users can borrow digital assets by depositing collateral or lend their tokens to earn interest.
2. Asset Swap: Provides decentralized swap functionality.
3. Staking and Rewards: Provides returns to users who stake their tokens.
4. Governance: CREAM holders can participate in decisions regarding the future of the protocol.
Cream Finance has gained attention as part of the growing DeFi ecosystem, but it has also faced challenges, including hacks and security issues. Therefore, it is essential that investors and users carry out a detailed analysis before interacting with the protocol.
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