C.R.E.A.M. Launches on Fantom
We are proud to announce that C.R.E.A.M. is now LIVE on Fantom!
Once you’ve got your Fantom network setup on your Metamask, simply head to app.cream.finance and you can start supplying and borrowing tokens with almost instant transactions and extremely low fees.
Fantom is a high-performance, scalable, customizable, and secure smart-contract platform. It is designed to overcome the limitations of previous generation blockchain platforms. Fantom is permissionless, decentralized, and open-source. Lachesis, its revolutionary aBFT consensus mechanism, allows Fantom to be much faster and cheaper than older technologies, yet extremely secure.
At launch, these following 19 tokens are supported:
wFTM, CREAM, WETH, wBTC, DAI, USDC, YFI, SUSHI, AAVE, CRV, BAND, KP3R, sUSD, COVER, HEGIC, LINK, SNX, SFI, FRAX
You can check the collateral factor of listing assets here.
How to use C.R.E.A.M. on Fantom?
Fantom is EVM compatible, meaning that each account on Ethereum also exists on Fantom, you can use the same Ethereum addresses on Fantom. All you have to do is to simply set up a new RPC network to Fantom on Metamask. Please note that Fantom does not support MetaMask via Ledger yet.
Before you start supplying and borrowing assets on Fantom, you need to get Fantom native currency FTM first to pay the transaction fee. Currently you can acquire FTM on SushiSwap and cross it from Ethereum to Fantom via Fantom bridge or buy FTM on centralized exchanges and transfer it to your Fantom address.
For users who have experience using C.R.E.A.M. on Binance Smart Chain or who expect to use a lending platform that offers fast, low-fee transactions, we provide users with a familiar and convenient user interface to quickly get started.(On FTMscan, average fee is less than $0.05 per transaction)
To learn more about how to set up your Metamask, please refer to the following tutorial:
1. First, add the Fantom network on Metamask. Click on Metamask ‘Settings and Networks’ and click on ‘Add Network’. Fill details as below:
2. After setting up Metamask, make sure you are connected to the Fantom network, then you can access app.cream.finance and start supplying and borrowing assets on C.R.E.A.M.
Crypto Rules Everything Around Me, C.R.E.A.M.