Sep 24, 2020
creamY USD is LIVE!
creamY, our capital efficient, dynamic AMM, just launched on the Ethereum mainnet. The UI will soon be connected to app.cream.finance. This new AMM features dynamic pools, consolidated liquidity, single-sided liquidity adds, all in a yielding, stable LP token we call cyUSD.
creamY USD will support these tokens at launch: USDT, USDC, TUSD, BUSD, yCRV, yUSD, yUSDT, yUSDC, yTUSD, cUSDT, cUSDC, crUSDT, crUSDC, crBUSD.
CREAM rewards will begin around 11:59pm UTC+8, and the staking pools will open for staking an hour in advance around 11pm UTC+8.
How to Swap Stablecoins on creamY
With consolidated, deep liquidity, we anticipate that creamY can provide low slippage and fees for swapping stablecoins. Swap fees are 0.035%, and all fees will go into C.R.E.A.M. reserves. C.R.E.A.M. governance will decide how to spend these funds, as well as adjusting fee rate in the future.
Swapping stablecoins on creamY works the same as our Swap product. Enter the coins you want to swap To and From, and click Swap. There may be two transactions to complete — first to enable/unlock your token for deposit, and a second one for the actual swap.
How to Provide Liquidity on creamY
Adding liquidity on creamY is simple — take any supported asset and supply them into creamY. You will see an estimated number of cyUSD that you will receive prior to completing your transaction. There may be two transactions to complete — first to enable/unlock your token for deposit, and a second one for the actual deposit.
How to Withdraw Liquidity from creamY
Withdrawing liquidity on creamY works similarly to the deposit process. Select the asset that you want to withdraw, see the estimated number of the token that you may receive, and confirm your transactions. There may be two transactions to complete — first to enable/unlock cyUSD for withdrawal, and a second one for the actual withdrawal.
CREAM Rewards
We will start with a strong, 7-day incentive program, and optimize the incentives quickly. These two reward pools will begin around 11:59pm UTC+8, and the staking pools will open for staking an hour in advance around 11pm UTC+8.
Pool 1 — Stake cyUSD and share a portion of the 500 CREAM/day pool.
Pool 2 — Add liquidity to the 95/5 cyUSD/CREAM pool, stake your CRPT token and share a portion of the 1,500 CREAM/day pool.
There will be no locks with these opening pools. We will add more, longer duration pools as adoption of creamY plays out.
A Word of Caution
Even though this code has been reviewed thoroughly by several credible developers, this code has not yet been through formal audit nor production testing. We are pushing this code through audits now, and will provide updates as we progress. Please do not put in more money than you can afford to lose.
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.
