C.R.E.A.M. Enhances Price Oracles Adding Band Protocol For BSC and Fantom
C.R.E.A.M. Finance is thrilled to announce that our Binance Smart Chain and Fantom lending and borrowing markets will be powered by Band Protocol’s price oracles.
Integrating Band Protocol across the C.R.E.A.M. ecosystem will ensure that the protocol is secured by decentralized oracles — consistently updating to reflect accurate and fair market prices.
“Timely and decentralized price feeds are critical to the security of DeFi. Using Band Protocol’s battle-tested solution across multiple networks enables all users to leverage highly accurate and rapidly updating price feeds when interacting with the C.R.E.A.M. money markets and flash loans.”
Leo Cheng, Project Lead & Co-Founder of C.R.E.A.M. Finance
Integrating Band Protocol
Our team is building cross-chain decentralized money markets where borrowers and lenders from around the world can interact in a permissionless and secure environment. This means that C.R.E.A.M. must avoid centralized middleware and adopt market-leading decentralized oracle technology to support all facets of the protocol including collateral health, liquidating, borrowing and exchange rates — this is why we selected Band Protocol to secure our Binance Smart Chain and Fantom markets.
About C.R.E.A.M. Finance
C.R.E.A.M. Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. Part of the yearn finance ecosystem, it is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain and Fantom.
Users who are passively holding Ethereum or Bitcoin can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.