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

We have listed FTM on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow FTM at app.cream.finance.

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

37.17k CREAM voted for ‘FOR’

6.22 CREAM voted for ‘AGAINST’

CREAM token holders voted in favor of adding a FTM market on C.R.E.A.M., with 37.17k yes votes. Collateral factor for FTM is 0%, meaning users can deposit FTM but cannot use FTM as collateral to borrow other assets until the collateral ratio is increased through a governance vote.

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