Announcing C.R.E.A.M. Finance
Today we are proud to announce C.R.E.A.M. Finance, an open and inclusive financial system built on smart contracts. The decentralized finance (DeFi) movement has introduced novel solutions in lending, exchanges, derivatives, payments, marketing making, and asset tokenization. All of these innovative services are permissionless and open, meaning anyone with internet access can participate. C.R.E.A.M. Finance will push the boundaries of this new financial system to include as many users and assets as safely possible.
Ethereum made DeFi possible by automating peer-to-peer conditional transactions through Ethereum virtual machines (EVM). These smart contracts laid the foundation for financial transactions to take place without involving banks and governments. By building smart contracts and deploying them across EVM-compatible blockchains, we will broaden the reach of this new financial system to a wider audience, allowing for inter-blockchain composability.
C.R.E.A.M. will first launch with an algorithmic money market protocol on Binance Smart Chain (BSC) together with the launch of the BSC mainnet. The decision to launch on Binance Smart Chain was simple to make, given the numerous advantages such as major cryptocurrencies already pegged on Binance Chain (BTC, ETH, LTC, BCH, XRP, TRX), the speed and cost efficiencies of the Binance Smart Chain, and the vibrant Binance ecosystem.
We invite all DeFi enthusiasts, yield-farmers, Bitcoiners, Ethereans, Binance Gang, ALGO Mafia, Compound COMP Camp, and the rest of the world to join us on this journey, because Crypto Rules Everything Around Me.
Jeffrey Huang, Founder