Cream Finance

C.R.E.A.M. Finance is a decentralized lending protocol for individuals and protocols to access financial services. The protocol is permissionless, transparent, and non-custodial.

Currently, C.R.E.A.M. is live on Ethereum, Binance Smart Chain, and Fantom.

C.R.E.A.M. Finance’s smart contract money markets are focused on longtail assets -- with the goal of increasing capital efficiency for all assets in crypto markets.

Users are able to lend any supported assets on our markets, and use the provided capital as collateral to borrow another supported asset.

C.R.E.A.M. offers a wide range of tokens on our money markets, including: stablecoins (USDT, USDC, BUSD); interest-bearing stablecoins (yCRV, yyCRV); defi tokens (YFI, SUSHI, CREAM, CREAM); LP-tokens (USDC-ETH SLP, WBTC-ETH SLP); and other cryptocurrencies (ETH, LINK). This list is not exhaustive.

crTokens

Each asset supported by the C.R.E.A.M. Protocol is integrated through a crToken contract, which is an compliant representation of balances supplied to the protocol. By minting crTokens, users (1) earn interest through the crToken's exchange rate, which increases in value relative to the underlying asset, and (2) gain the ability to use crTokens as collateral.

crTokens are the primary means of interacting with the C.R.E.A.M. Protocol; when a user mints, redeems, borrows, repays a borrow, liquidates a borrow, or transfers crTokens, she will do so using the crToken contract.

There are currently two types of crTokens: CErc20 and CEther. Though both types expose the EIP-20 interface, CErc20 wraps an underlying ERC-20 asset, while CEther simply wraps Ether itself. As such, the core functions which involve transferring an asset into the protocol have slightly different interfaces depending on the type, each of which is shown below.