$RUNE $PERP Listed on C.R.E.A.M. Ethereum

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

Proposal of RUNE and PERP from C.R.E.A.M. DAO has passed. Please see discussion here.

RUNE

87.46k CREAM voted for ‘FOR’

12.22 CREAM voted for ‘AGAINST’

PERP

75.69k CREAM voted for ‘FOR’

1.64 CREAM voted for ‘AGAINST’

CREAM token holders voted in favor of adding a RUNE and PERP market on C.R.E.A.M., with 87.46k yes votes for RUNE and 75.69k yes votes for PERP. Collateral factor for RUNE and PERP is 0%, meaning users can deposit RUNE and PERP but cannot use RUNE and PERP as collateral to borrow other assets until the collateral ratio is increased through a governance vote.

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