v6 Beta Liquidity Mining; BSC Launch

It’s an exciting week this week as we begin the launch of liquidity mining on Binance Smart Chain. C.R.E.A.M. launched on BSC on September 12th, and we are currently at 1.7-million USD in total value locked across 9 tokens without any incentives in place. We invite you to join us on BSC.

Also, we’ve finally listed on DeFi Pulse, where we currently rank tenth in Total Value Locked in DeFi across all categories.

Binance Smart Chain Launched; CREAM distribution begins 9/14 10pm UTC+8

C.R.E.A.M. on BSC now supports BTC, ETH, BNB, BUSD, USDT, LINK, XRP, BCH, LTC. To welcome the Binance community onto C.R.E.A.M., we are kicking off liquidity mining with 1,000 CREAM per day for 7 days, 500 for supply and 500 for borrowing. This launch of liquidity incentives begin Monday, September 14th at 10pm UTC+8. Read more about the BSC launch here.

Liquidity Mining Rewards Thoughts

• The launch of Swap has been a success. Across 7 pools we have ~$180M of total value locked (not included in the above 335.7M TVL), with our high volume pairs trading around $10M per day. We are reducing rewards distributed to these pools now that we are past the initial launch period.
• Our move to increase the “CREAM Supply ONLY” rewards from 1700/day to 5000/day have in fact served to continue our focus on giving CREAM to our loyal token holders while also curing the liquidity crunch on CREAM tokens in the lending marketplace. We are reducing this reward to what we believe is still a strong incentive for supplying CREAM. Please remember to stake your crCREAM on the Reward page to participate.
• We have permanently removed the 3-day lock for all staking pools. We will proceed with no longer having any locking mechanism for our staking pools in order to provide our community with the flexibility they’ve requested.
• Liquidity providers rewards across Balancer and Uniswap have been significantly reduced as much of our community has moved to provide liquidity on our Swap product.

v6 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) — Reduced to 2,500 per day, down from 5,000 per day.
• Liquidity providers in Balancer (Pool 2a) — Reduced to 100 per day.
• Liquidity providers in Uniswap (Pool 2b) — Reduced to 100 per day.
• Swap liquidity pools for CREAM reduced from 3,000 per day to 1,000 per day for CREAM/USDC, CREAM/WETH, crCREAM/crYFI.
• Swap liquidity pools for LP positions in crYETH/crYYCRV, yETH/WETH, yyCRV/USDC end on September 14th.
• SRM bonus pool ends on September 17th.
• Bullish YFI/USDC pool rewards end on September 18th.

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.

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