C.R.E.A.M. Eth2 Staking Starts TODAY with CREAM Rewards

Eth2 staking deposit available now; Rewards beginning November 18th 11:59pm UTC+8, along with CRETH2/WETH liquidity pool rewards.

Last week we announced our new Eth2 staking program, where Eth2 stakers can maximize returns with their ETH while maintaining flexibility. Today, our Eth2 staking program begins with a healthy dose of CREAM rewards for the next 7 days! Both ETH deposits for Eth2 staking and the Swap pool for CRETH2/WETH will open prior to the start of rewards at app.cream.finance. Details below.

Staking Eth2

• Visit https://app.cream.finance/eth2 with any web3 enabled browser to stake your ETH with C.R.E.A.M., or interact directly with the contract.
• ETH deposits start now. Users can send in ETH and receive CRETH2 proof tokens. 7-day staking rewards will begin November 18th 11:59 pm UTC+8.
• There is no minimum nor maximum per deposit.
• We are custodying both the validator keys and withdraw keys.
• Fees are 8% of staking rewards.

CRETH2 on C.R.E.A.M. Lending

Once sufficient liquidity is established on CRETH2, the C.R.E.A.M. core team will put forth a governance proposal to list CRETH2, along with proposals to give CRETH2 collateral factor greater than 0%. If successful, this will allow flexibility to not just trade your staked ETH position, but also leverage it on our lending platform.

CREAM Incentive for CRETH2

To celebrate the launch of CRETH2, we are offering a CRETH2 staking reward program of 3,000 CREAM tokens over 7 days. Rewards are distributed per block, based on percentage of total CRETH2 tokens staked. There is no lockup requirement to participate. Visit https://app.cream.finance/reward to stake your CRETH2 tokens to earn this reward.

CREAM Incentive for CRETH2/WETH Swap Pool

Adequate liquidity for liquidations is necessary to ensure safety and solvency of our lending platform. In order to drive sufficient liquidity for ETH2, we are launching a CRETH2/WETH Swap pool with a 7-day CREAM token liquidity mining program, distributing 3,000 CREAM tokens over 7 days. There is no lockup requirement to participate. Visit https://app.cream.finance/reward to stake your CRETH2/WETH Swap LP tokens to earn this reward.

Let’s all push toward that Ethereum Beacon Chain genesis goal of 524,288 ETH!

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