$UST Listed on C.R.E.A.M. Ethereum
We have listed UST on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow UST at app.cream.finance.
21.36k CREAM voted for ‘FOR’
0.02 CREAM voted for ‘AGAINST’
CREAM token holders voted in favor of adding a UST market on C.R.E.A.M., with 21.36k yes votes. Collateral factor for UST is 0%, meaning users can deposit UST but cannot use UST as collateral to borrow other assets until the collateral ratio is increased through a governance vote.
Creating a UST market allows token holders to stay long on UST while getting leverage on the asset itself, once a collateral ratio greater than 0 is voted in. For those who want to short UST, this allows a capital efficient way to do so.
Crypto Rules Everything Around Me, C.R.E.A.M.