Flexibly Stake ETH with C.R.E.A.M. for Eth2
Prospective Eth2 stakers are looking to maximize returns with their ETH while maintaining flexibility. Starting next week, users on C.R.E.A.M. will be able to stake ETH and also use this staked position as collateral on the C.R.E.A.M. lending platform to borrow assets. This means by staking ETH with C.R.E.A.M., users can earn staking rewards, potential supply yield, in addition to having borrowing power on the C.R.E.A.M. lending platform.
Eth2 Phase 0 is finally upon us. We can’t wait to witness the launch of Ethereum 2.0 beacon chain. To learn more about Ethereum 2.0, please see Ethereum Foundation’s Eth2 launchpad page here.
Staking and Leveraging ETH Stake
C.R.E.A.M. is committed to securing eth2 by becoming a validator. Potential ETH stakers can stake ETH with C.R.E.A.M. and receive CRETH2 (eth2 proof; formerly known as ETH2P) tokens in return. C.R.E.A.M. core team will manage the technical complexities of eth2 staking. CRETH2 token market will be added to C.R.E.A.M.’s lending platform shortly, allowing CRETH2 token holders to earn staking rewards, supply yield, while staying liquid or leveraging their ETH staking position as collateral to borrow assets on C.R.E.A.M.
Rewards and Fees
Stakers of ETH will receive staking rewards less expenses associated with the validation process. It is our intention to make eth2 staking as accessible and low cost as possible to our community. Redemption of CRETH2 for ETH on Ethereum 2.0 will not be available until Phase 2 begins, which by most estimates is about 2 years away. Follow this link for the eth2 roadmap.
CREAM Incentives for CRETH2/WETH Swap Pool
Adequate liquidity for liquidations are necessary to ensure safety and solvency of our lending platform. In order to drive sufficient liquidity for ETH2, we are also launching a CRETH2/WETH Swap pool with a CREAM token liquidity mining program.
Accepting ETH Deposits Start Next Week
Staking ETH on C.R.E.A.M. will begin next week, starting with ETH deposits. CRETH2 lending market deposits will follow shortly, once sufficient liquidity is reached on the CRETH2/WETH Swap Pool. We will start with an initial cap of 32,000 ETH in order to preserve decentralization of Eth2. More details to come — stay tuned!
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