End of Beta Liquidity Mining Program
Our Beta Liquidity Mining program will now come to an end as this v8 week runs out in the next day or so, with a total of 460k CREAM tokens earned solely by liquidity providers since C.R.E.A.M.’s launch on August 3rd. For clarity and consistency, we’ve updated the above chart.
To date, C.R.E.A.M. has collected $740k in our reserves (fees) across our Lending (Ethereum/BSC), Swap, and creamY products:
Lending — Ethereum: $417k
Lending — Binance Smart Chain: $142k
Our lending platform continues to be most valuable part of C.R.E.A.M.’s portfolio, as it brings in the most fees while requiring the least amount of incentives to onboard users. We expect that as we remove all liquidity mining incentives, more of the protocol’s reserves will come from the lending side.
Up Next: DAO Structure & One More Thing
Thanks to the Mid-Autumn Festival and the market pullback last week, the team at C.R.E.A.M. has finally had a chance to take a little breather since working with little sleep through the last 3 months.
We are now back at it, pushing on the DAO structure and capitalizing on opportunities on BSC. Finally, we have one more product that we believe would be very useful to DeFi users generally. We can’t wait to share more information about this new thing in the coming weeks.
Crypto Rules Everything Around Me, C.R.E.A.M.