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cream  (CREAM)

Cream (CREAM)

$135.50 -6.9%
0.00236822 BTC -6.5%
0.03778500 ETH -11.8%
10,115 people like this
Market Cap
$97,045,997
24 Hour Trading Vol
$12,333,601
24h Low / 24h High
$134.47 / $151.48
Circulating Supply
714,491 / 9,000,000
Fully Diluted Valuation
$397,227,113
Max Supply
2,924,547
Total Value Locked (TVL)
$339,073,449
Market Cap / TVL Ratio
0.29
Fully Diluted Valuation / TVL Ratio
1.17
CREAM
USD

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78% 22%
1h
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Cream Price and Market Stats

Cream Price
CREAM Price $135.62
Market Cap $97,045,997
Market Cap Dominance 0.00%
Trading Volume $12,355,494
Volume / Market Cap 0.1278
24h Low / 24h High $134.47 / $151.48
7d Low / 7d High $135.78 / $164.90
Market Cap Rank #408
All-Time High $374.10 -64.0%
Feb 04, 2021 (3 months)
All-Time Low $9.36 1338.7%
Aug 07, 2020 (9 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 CREAM/USDT
$136.49
136.42 USDT
0.87% $83,078 $129,409
$105,951.41
776.260 CREAM
0.86% Recently
2 CREAM/ETH Info 0x2ba592f78db6436527729929aaf6c908497cb200
$133.47
0.0373443723780608 ETH
0.6% $64,837 $64,642
$2,710,998.50
20311.849 0X2BA
22.01% Recently
3 CREAM/BUSD
$136.92
136.46 BUSD
0.48% $32,147 $46,246
$3,974,149.30
29024.601 CREAM
32.19% Recently
4
FTX FTX
CREAM/USD
$134.10
134.1 USD
0.63% $10,035 $8,049
$2,603,509.23
19414.685 CREAM
21.11% Recently
5 CREAM/BNB
$134.78
0.2117 BNB
0.24% $5,662 $16,699
$1,028,501.64
7631.171 CREAM
8.34% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About Cream Coin

Cream price today is $135.50 with a 24-hour trading volume of $12,333,601. CREAM price is down -6.9% in the last 24 hours. It has a circulating supply of 710 Thousand CREAM coins and a max supply of 9 Million. Gate.io is the current most active market trading it.

What is CREAM?

CREAM is a decentralized lending protocol and decentralized exchange (known as Cream Swap) that resides on both the Ethereum chain and Binance Smart Chain (BSC)

As of February 2021, users can lend and borrow over 40 cryptocurrencies on CREAM.

Lenders can earn interest by providing liquidity to the protocol, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.

The protocol has a native token, CREAM, which also acts as a governance token. Governance allows the community to decide on the protocol’s direction, such as deciding on new cryptoassets to be listed on CREAM, the reserve ratio, the collateral factor, and many more.

Fun fact: CREAM stands for Crypto Rules Everything Around Me.

A brief history of CREAM

CREAM was founded in July 2020 and led by Jeffrey Huang, who is also the founder of Mithril.

CREAM has two core products: 

  1. Decentralized lending protocol - known as CREAM and forked from Compound
  2. Decentralized exchange protocol - known as CREAM Swap and forked from Balancer

Towards the end of November 2020, Yearn.Finance (YFI) had a Merger & Acquisition spree (they had five mergers in total in one week), and CREAM was one of them. YFI’s Merger & Acquisition has formed a YFI ecosystem.

On 14 January 2021, the CREAM team announced that they plan to launch a zero-collateralized lending service called Iron Bank. With Iron Bank, borrowers will no longer need to deposit any collateral when borrowing on CREAM. You can read more about it here.

How does CREAM work?

To understand how CREAM works, we will segment it into three key products: 

  1. The lending protocol
  2. The decentralized exchange
  3. CREAM token

CREAM, the lending protocol

On CREAM, you can lend and borrow across 40 supported cryptocurrencies such as Sushi (SUSHI), Uniswap (UNI), and wNXM (WNXM). As a lender, you can earn interest by providing liquidity in the protocol. 

Upon supplying the liquidity, you will receive crTokens that represent the respective underlying asset, and these tokens will take into account the interest accrued over time.

As a borrower, you will have to provide collateral before you can take out a loan and the amount you can take out is dependent on the collateral factor. 

To know more about how you can lend or borrow assets on CREAM, kindly refer to their blog post.

CREAM Swap, the decentralized exchange

Cream Swap is a decentralized exchange that utilizes an Automated Market Maker (AMM) model, where users can quickly swap from one token to another.

Currently, the exchange fee is 0.25%, which is lower than Uniswap and Sushiswap fees of 0.3%. Unfortunately, the number of assets available for swaps on CREAM Swap is limited.

Users can also provide liquidity to the pools on CREAM Swap, though it is unclear how much liquidity providers will earn from the 0.25% exchange fee. 

CREAM, the token

CREAM is the governance token of the CREAM protocol. Token holders can vote on Snapshot and influence the protocol’s direction, such as the collateral ratio of the supported asset or new assets to be listed.

One thing to note is there are no rewards for token holders when they vote.

If you are keen to table a proposal, you can refer to a step-by-step guide by the team here.

Can I long or short CREAM?

Yes, you can! However, you can only long or short CREAM via perpetual contracts at FTX at the moment. 

Note that derivative contracts and tokens are high-risk products. You might want to understand what you are doing before participating in them.

For more information on CREAM, do refer to this interview with Leo Cheng, co-founder of CREAM.

 

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