C.R.E.A.M. Finance Is Coming to Arbitrum
We are excited to announce that C.R.E.A.M. Finance will be launching our money market on Arbitrum! C.R.E.A.M. is honored to be a part of the initial cohort of DeFi projects launching on Arbitrum mainnet.
C.R.E.A.M. remains driven in our goal to bring capital efficiency to long-tail assets on multiple blockchains. Our integration with Arbitrum means faster transactions, lower gas fees, and overall a better experience for our users.
Arbitrum is the first true layer 2 scalability solution created with full Ethereum Virtual Machine (EVM) compatibility. Arbitrum’s launch is a momentous event for the Ethereum ecosystem, and has been compared to the transition from dialup internet to broadband.
Arbitrum is a scaling solution for Ethereum that drastically reduces costs and latency. A so-called “Optimistic Rollup”, Arbitrum instantly scales apps, reducing costs and increasing capacity — without sacrificing Ethereum’s security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is fully compatible with all existing Ethereum developer tooling. Arbitrum has launched Arbitrum One on Ethereum mainnet and is open for developers, and the team is already working with hundreds of teams ahead of its upcoming release to the public.
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, C.R.E.A.M. Finance is a permissionless, open source, and blockchain-agnostic protocol.
C.R.E.A.M. Finance’s money markets are focused on longtail assets — increasing capital efficiency in crypto markets. Users are able to lend any supported assets on our markets, and use this capital as collateral to borrow another supported asset.