C.R.E.A.M. Finance
Published in

C.R.E.A.M. Finance

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

Swapping is easy — pick your To and From coins and hit swap!

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

Single-sided liquidity allows you to supply any single asset for liquidity.

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 works just like supplying.

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.

--

--

--

C.R.E.A.M. Finance is a decentralized lending protocol for individual and institutional access to financial services. It is a permissionless and blockchain agnostic protocol existing on Ethereum, Binance Smart Chain and Fantom. Join us: https://linktr.ee/creamdotfinance

Recommended from Medium

SEC Blasts Kik’s ‘Void for Vagueness’ Defense of 2017 ICO.

Play to Earn: November Update

Security Token Offering — Is it the Right Choice for Your Project?

The Fortune Cookie That Made 110 People Very Rich

TUSC Added to CoinPaprika

How can regulation help invest in ICOs ?

Ethereum is Moving to POS: What Does That Mean?

AMA section with our CEO, Veronica Wong

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
C.R.E.A.M.

C.R.E.A.M.

C.R.E.A.M Finance is a decentralized lending protocol. Crypto Rules Everything Around Me.

More from Medium

What is LP Token?

The Truflation index now available to Avalanche smart contracts.

Leveraged Trading on JOE/USDC, Live Now on Futureswap v4.1

Introducing AqualisDAO