$ESD Listed on C.R.E.A.M. Ethereum

We have listed ESD on the C.R.E.A.M. Ethereum platform with 5M asset cap. Users can now supply and borrow ESD at app.cream.finance.

Proposal from C.R.E.A.M. DAO has passed. Please see the discussion here.

27.01k CREAM voted for ‘FOR’

0 CREAM voted for ‘AGAINST’

CREAM token holders voted in favor of adding a ESD market on C.R.E.A.M., with 27.01k yes votes. Collateral factor for ESD is 0%, meaning users can deposit ESD but cannot use ESD as collateral to borrow other assets until the collateral ratio is increased through a governance vote.

Creating a ESD market allows token holders to stay long on ESD while getting leverage on the asset itself, once a collateral ratio greater than 0 is voted in. For those who want to short ESD, this allows a capital efficient way to do so.

C.R.E.A.M. DAO
Crypto Rules Everything Around Me, C.R.E.A.M.

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