C.R.E.A.M. Finance
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C.R.E.A.M. Finance

Swap Launch; v5 Beta Liquidity Mining

We are very excited to announce that the C.R.E.A.M. Swap launch is upon us. Swap is the new automated market maker (AMM) product that we are adding to our platform. You can read more about Swap here. With Swap, users can easily optimize their yield, adjust their collateral positions, or simply exchange one asset for another. Also, exchange fees generated will be shared between liquidity providers as well as the C.R.E.A.M. network.

Swap launch shall be glorious, with plentiful CREAM rewards for all! There will be six pools to start:

CREAM/USDC
CREAM/WETH
crCREAM/crYFI
crYETH/crYYCRV
yETH/WETH
yyCRV/USDC

CREAM pairs with USDC and WETH allows for users to trade in and out of two popular tokens.

The “Creamed” pairs of crCREAM/crYFI and crYETH/crYYCRV enables users of C.R.E.A.M. to trade between interest-bearing CREAM and YFI, or from ETH to stablecoins.

Finally, the yETH/WETH and yyCRV/USDC pairs enable users to easily go from the yearn LP tokens to the underlying tokens.

At launch, liquidity providers to all of these pools can receive heavy CREAM incentives — 3,000 CREAM tokens per day for the CREAM pairs, and 500 tokens per day for the others. To receive these rewards, users will need to stake CRPT LP tokens, which can be done on the Reward page. Staked LP tokens will be locked for 3 days. Please see below chart for an overview of CREAM rewards for the upcoming 7 days.

Swap will be up and available for deposits roughly 24 hours from the time of this post, around 11pm UTC+8 on September 8th. Pools should be up and accepting deposits around that time. $CREAM rewards will begin shortly after, around 11:59pm UTC+8 on September 8th.

Liquidity Mining Reward Thoughts

  • With the launch of Swap, we are testing out both high APY rewards for the new Swap pools to attract liquidity. This program is set for 7 days currently, but we will make adjustments quickly and announce them prior to change.
  • We are also increasing “CREAM Supply ONLY” rewards from 1700/day to 5000/day in order to continue our focus on giving CREAM to our loyal token holders.
  • We anticipate that new Swap rewards may create a new CREAM liquidity crunch. We stand ready to increase the interest rate model for CREAM in the event there is another liquidity crunch.
  • Liquidity providers across Balancer and Uniswap continue to be strong contributors to our network value, and will continue to be rewarded well. Additionally, liquidity providers on Swap will also be handsomely rewarded.

v5 Beta Liquidity Mining — Change Highlights

Reward Changes:

  • Any supply/borrow (Pool 1) — Remain the same at 1,000 per day.
  • CREAM Supply ONLY (Pool 1.5e) — Increased to 5,000 per day, up from 1,700 per day.
  • Liquidity providers in Balancer (Pool 2a) — Remain the same at 1,000 per day.
  • Liquidity providers in Uniswap (Pool 2b) — Remain the same at 1,000 per day.
  • New Swap liquidity pools for CREAM — 3,000 per day for CREAM/USDC, CREAM/WETH, crCREAM/crYFI.
  • New Swap liquidity pools for LP positions — 500 per day for crYETH/crYYCRV, yETH/WETH, yyCRV/USDC.

Pool Changes:

  • MTA bonus pool ended on September 6th.
  • yyCRV bonus pool ends today, September 7th.
  • FTT and SUSHI bonus pools end tomorrow, September 8th.
  • yETH bonus pool ends September 9th.

Thank you for being part of the C.R.E.A.M. community!

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

Join us on Discord, follow us on Twitter, or visit us at cream.finance.

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C.R.E.A.M.

C.R.E.A.M Finance is a decentralized lending protocol. Crypto Rules Everything Around Me.