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What is Cream Finance (CREAM)?

Cream Finance basic info

Name:Cream Finance
Ticker:
CREAMBuy now
Introduction:

What is Cream Finance (CREAM)?

C.R.E.A.M Finance is a lending protocol for individuals, institutions, and protocols that allows access to financial services. It is part of the yearn.finance ecosystem and operates as a permissionless, open source, and blockchain agnostic protocol. C.R.E.A.M. allows users on Ethereum, Binance Smart Chain, Polygon, and Fantom to earn yield by depositing their assets. This makes it similar to a traditional savings account.

Who are the Founders of C.R.E.A.M. Finance?

The individual responsible for C.R.E.A.M. Finance is Jeffrey Huang, a Taiwanese entrepreneur who referred to himself as the "semi-benevolent dictator of CREAM" upon its launch. Huang is also the creator of Mithril (MITH), an Ethereum-based social media platform.

How does Cream Finance (CREAM) Work?

The C.R.E.A.M. Finance protocol was originally derived from Compound Finance. It is a blockchain-agnostic protocol that is open-source and permissionless, and it rewards users with yield farming opportunities to enhance its network inclusively.

The project, which is short for Crypto Runs Everything Around Me, was launched unexpectedly on the Ethereum network on August 3, 2020, through the YOLO liquidity pool. Later in September 2020, it was introduced on the Binance Smart Chain (BSC).

By utilizing the CREAM token, users can lend, borrow, stake assets and help govern the network. They are granted the power to vote on whether to support or delist particular assets.

What makes Cream Finance (CREAM) Unique?

C.R.E.A.M. Finance is a platform that enables users to borrow and lend supported assets while earning liquidity mining rewards in the form of its CREAM token by supplying any supported asset as collateral. The platform supports important DeFi assets such as stablecoins (USDT, USDC, BUSD, yCRV, etc.), governance tokens (COMP, BAL, YFI, LEND, CRV, CREAM etc.), and leading cryptocurrencies such as ETH, renBTC and LINK. CREAM is an ERC20 token on the Ethereum network that can run Ethereum Virtual Machines through smart contracts, allowing users to create DAOs for its community. CREAM tokens can be staked for up to four years to accrue rewards, but it's important to note that there is no admin unlock available, meaning rewards are only received at the end of the staking period.

How is the C.R.E.A.M. Network Secured?

CREAM has made a deliberate decision not to have official audits on their smart contracts. However, they have enlisted the help of expert advisers, including Robert Leshner, the founder of Compound, to enhance security, scrutinize the code, and manage a multisig wallet to ensure the safety of users' funds.

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Current price:
All-time high:$368.26
All-time low:$6.47

CREAM supply and tokenomics

Circulating supply:1,855,659 CREAM
Total supply:2,924,546 CREAM
Max supply:0 CREAM
Market cap:$24.62M
Fully diluted market cap:$38.80M

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What is the development prospect and future value of CREAM?

The market value of CREAM currently stands at $24.62M, and its market ranking is #731. The value of CREAM is not widely recognized by the market. When the bull market comes, the market value of CREAM may have great growth potential.

As a new type of currency with innovative technology and unique use cases, CREAM has broad market potential and significant room for development. The distinctiveness and appeal of CREAM may attract the interest of specific groups, thereby driving up its market value.

What will the price of CREAM be in 2025?
Based on CREAM's historical price performance prediction model, the price of CREAM is projected to reach $21.3 in 2025.
What will the price of CREAM be in 2030?
In 2030, the CREAM price is expected to change by 0.00%. By the end of 2030, the CREAM price is projected to reach $54.18, with a cumulative ROI of +290.10%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of CREAM and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is CREAM worth investing or holding? How to buy CREAM from a crypto exchange?

If you want to buy CREAM, the following information may be helpful for your investment decisions:
In the last seven days, the price of CREAM has risen by 2.99%, leading to positive returns for most CREAM investors. The market is currently optimistic about the price trend of CREAM.
It is important to note that the current price of CREAM has retreated by -96.40% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether CREAM is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in CREAM or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of CREAM, if you want to buy or sell CREAM, you can consider Bitget for your trading needs. The best place to buy CREAM is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Cream Finance has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Cream Finance. Here's a step-by-step guide on how to buy Cream Finance on Bitget.

How to get Cream Finance through other methods?

Using cash to buy Cream Finance is not the only way to obtain Cream Finance. If you have the time to spare, you can get Cream Finance for free.
Learn how to earn Cream Finance for free through the Learn2Earn promotion.
Earn free Cream Finance by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Cream Finance airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Cream Finance through Bitget Convert, Bitget Swap, or spot trading.

What is Cream Finance used for and how to use Cream Finance?

The use case of Cream Finance may expand as the crypto market and the project itself develop. Currently, you can use CREAM to achieve the following goals:
Arbitrage by trading CREAM: Since CREAM is a frequently traded cryptocurrency, the price of CREAM is always fluctuating. Earn more CREAM by buying low and selling high on the exchange. Bitget spot market provides a variety of CREAM trading pairs to fully meet your needs.
Earn by staking CREAM: You can also generate income through financial management methods such as staking CREAM or lending CREAM. Bitget Earn offers a variety of financial products designed to help you earn more income from your CREAM.
Send or pay CREAM: If you want to give CREAM to your friends, a charity, or a fundraiser, or you want to pay someone with CREAM, you can quickly and easily send CREAM to the recipient through their payment address.
You can also go to the official website of the Cream Finance project to learn more about the use cases of CREAM. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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