Announcing C.R.E.A.M. Swap
C.R.E.A.M. will soon add decentralized exchange functionalities with automated market makers (AMM) on app.cream.finance, adding one more piece of money legos onto our existing peer to peer lending platform. Since the launch of our platform, users have asked us for the ability to exchange their collateral positions. We looked into what this would look like, and have put together a solution for this. In just a few days, we will launch C.R.E.A.M. Swap.
What is C.R.E.A.M. Swap?
C.R.E.A.M. Swap is a fork of Balancer, with a Uniswap-like frontend. We like the flexibility of Balancer’s pool customization — token distribution (up to 8 per pool), swap fees (0–10%), and enjoy the simplicity of the Uniswap frontend interface. Users who create and deposit into liquidity pools on Swap will receive a proof token named CRPT (Cream Pool Token), similar to how Balancer has BPT and Uniswap has UNI for their liquidity providers. At the start, all exchange fees will be set to 0.25%. Liquidity providers will receive 0.2%, while the other 0.05% will go to the CREAM network.
How is Swap useful?
By enabling users to exchange their collateral positions from the same site, users can easily optimize their yield within the C.R.E.A.M. platform or even outside of our platform by swapping between collateral positions. Besides collateral positions such as crTokens from C.R.E.A.M., Swap can also support tokens from Compound, Yearn, Aave, Balancer, Uniswap, TokenSet, and more.
Liquidity Mining
We will launch with more liquidity mining incentives, paid in CREAM tokens. Users on our platform can provide liquidity and earn CREAM tokens in addition to trading fees. Only pools from whitelisted tokens will be eligible for CREAM distributions.
As we head toward the launch of Swap, we would like to hear from you the community on what pools you would like to see. Tweet at us with your ideas 👉 https://twitter.com/CreamdotFinance
C.R.E.A.M. DAO
Crypto Rules Everything Around Me, C.R.E.A.M.
Join us on Discord, follow us on Twitter, or visit us at cream.finance.
