What is Cream Finance?
Cream Finance is a decentralized lending and borrowing protocol launched in 2020. Built on the Ethereum blockchain, Cream Finance leverages the Proof-of-Stake (PoS) consensus mechanism native to Ethereum, and its smart contracts are written in Solidity. The project’s primary use cases include permissionless lending, borrowing, and yield farming for a wide range of digital assets. Cream Finance is recognized for its focus on long-tail assets, providing liquidity for tokens that are typically underserved on other lending platforms. It adopts the ERC-20 token standard for its CREAM governance token.
Cream Finance integrates with major DeFi protocols and partners such as Yearn Finance, Curve Finance, and Alpha Homora, enabling cross-platform liquidity and advanced composability. The CREAM token grants governance rights, allowing holders to propose and vote on changes to protocol parameters. Cream Finance’s ecosystem includes oracles provided by Chainlink for accurate price feeds, and the protocol supports Layer 2 scaling solutions for reduced transaction costs. It is a key player in the DeFi aggregator space, offering users the ability to swap, lend, or borrow CREAM and other assets without intermediaries.
- Founder: Leo Cheng
- Native programming language: Solidity
- Token standard: ERC-20
- Consensus mechanism: Proof-of-Stake (Ethereum PoS)
- Ecosystem partners: Yearn Finance, Alpha Homora, Curve Finance
- Oracle provider: Chainlink
- Cross-platform integration: DeFi aggregator protocols
Who are the founders of Cream Finance?
Cream Finance was founded by Leo Cheng in 2020. Leo Cheng has a background in fintech and previously co-founded Blockstate, a digital asset platform. Cream Finance emerged from the DeFi movement with an emphasis on permissionless financial services, targeting underserved digital assets. The team’s early work focused on building integrations with major DeFi projects, establishing Cream Finance as a trusted protocol within the decentralized finance ecosystem. All founding activities are documented from 2020 onward, with no speculation regarding current affiliations.
Cream Finance project milestones
- 2020 — Cream Finance mainnet launches on Ethereum, introducing lending and borrowing for a broad range of ERC-20 tokens.
- 2020 — Integration with Yearn Finance expands protocol composability and liquidity sharing.
- 2021 — Launch of Iron Bank, a protocol-to-protocol lending platform for institutional DeFi users.
- 2021 — Addition of Binance Smart Chain support, allowing CREAM swaps and lending on a new blockchain.
- 2022 — Partnership with Chainlink to incorporate decentralized oracles for improved price feed security.
- 2023 — Implementation of enhanced governance features, enabling community-driven protocol upgrades using CREAM tokens.
How many CREAM coins are in circulation?
The maximum supply of CREAM is capped at 9,000,000 tokens. As of recent data, the current circulating supply can be checked on major market data providers such as CoinMarketCap or CoinGecko. CREAM follows a deflationary tokenomics model, with no ongoing inflation and periodic token burns based on governance decisions. The fixed supply incentivizes holding and participation in protocol governance.
Tokenomics of Cream Finance (CREAM)
The CREAM token operates as an ERC-20 governance and utility token within the Cream Finance ecosystem. Holders of CREAM can propose and vote on protocol changes, fee structures, asset listings, and risk parameters, making it central to the decentralized governance model. The token also enables users to earn rewards through liquidity mining and staking programs, subject to periodic updates decided by governance.
CREAM tokens were initially distributed via liquidity mining and yield farming incentives, rewarding users who supplied or borrowed assets on the platform. The emission schedule was front-loaded, and there is no ongoing inflation, as the total supply is capped. Protocol transaction fees, such as borrowing interest and liquidation penalties, are not always paid in CREAM directly but may be distributed to token holders or used for buybacks and burns, depending on governance votes. The tokenomics structure aims to align incentives among protocol users, liquidity providers, and governance participants.
CREAM’s deflationary design and direct governance rights make it an important asset for those participating in the Cream Finance protocol or seeking to influence its development.
Cryptocurrency markets are highly volatile. Always do your own research before making any swap or investment decision.
Key features of Cream Finance
- Decentralized lending and borrowing: Cream Finance allows permissionless lending and borrowing of a wide range of ERC-20 assets, with protocol parameters governed by CREAM holders.
- Proof-of-Stake security: The platform operates on Ethereum’s PoS consensus, inheriting its security and transaction verification mechanisms.
- Cross-chain support: Cream Finance is available on multiple blockchains, including Ethereum and Binance Smart Chain, allowing users to swap and exchange CREAM across different networks.
- Governance via CREAM token: CREAM holders can propose and vote on upgrades, asset listings, and risk parameters, ensuring community-driven management.
- Composability with DeFi aggregators: Cream integrates with protocols like Yearn Finance and Curve Finance, facilitating advanced yield strategies and liquidity aggregation.
- Oracle integration: Chainlink oracles provide reliable price feeds for collateral and liquidation calculations, reducing risk of manipulation.
Average fees on the Cream Finance network
Fees for transactions involving Cream Finance typically depend on the underlying blockchain used, such as Ethereum or Binance Smart Chain. On Ethereum, network fees are paid in ETH, and can range from low to high depending on network congestion and transaction complexity. When users swap or exchange CREAM, they encounter variable gas fees, which are influenced by the number of operations executed in the smart contract and real-time network activity.
On Binance Smart Chain, network fees for CREAM swaps are generally lower and paid in BNB, but still fluctuate with usage and congestion. Users should check current gas costs before initiating a swap or exchange Cream Finance to optimize for cost and speed. The aggregator model can help users compare fees across integrated exchanges, but underlying blockchain fees will always apply.
CREAM crypto wallets
CREAM, as an ERC-20 token, is compatible with a wide variety of crypto wallets. Users looking to store, send, receive, or swap CREAM can choose from several wallet types based on their preferences for security and convenience.
- MetaMask: Browser extension wallet supporting Ethereum and Binance Smart Chain, allowing users to interact directly with Cream Finance DApps and aggregator services.
- Trust Wallet: Mobile multi-coin wallet with a built-in DApp browser, supporting CREAM storage and swaps across multiple blockchains.
- Ledger Nano S/X: Hardware wallet providing secure offline storage for CREAM and access through integrations with wallet software like MetaMask.
- SafePal: Hardware and mobile wallet supporting CREAM with DeFi functionality and direct access to aggregator services.
- imToken: Mobile wallet optimized for ERC-20 tokens, allowing CREAM storage, management, and swaps within the app.
Why exchange Cream Finance on SwapSpace?
- Aggregator model: SwapSpace is a crypto exchange aggregator that compares real-time rates for Cream Finance swaps from multiple partner exchanges, ensuring users can pick the best available offer at the point of exchange.
- Non-custodial: SwapSpace never holds your funds; CREAM is sent directly from the partner exchange to your wallet after the swap is completed.
- No sign-up or registration required: SwapSpace enables users to exchange Cream Finance or swap CREAM with no account, no email, and no KYC necessary for crypto-to-crypto swaps.
- Fixed rate and floating rate options: Users can select between fixed rate swaps (locking in the price at the start) or floating rate swaps (executed at the best available rate at the moment of transaction).
- Thousands of supported coins: SwapSpace’s aggregator model covers a vast array of cryptocurrencies, so you can exchange CREAM with a wide range of digital assets.
- 24/7 live support: Users have access to customer support at any time, helping to resolve swap or exchange queries quickly and efficiently.
- Process speed: Most CREAM swaps complete within minutes after deposit confirmation, so you can exchange Cream Finance instantly when network conditions allow.
Cryptocurrency swaps carry risks and network fees may fluctuate. Always confirm details before executing a swap or exchange CREAM.
