what's Cream Finance?
Cream Finance is a decentralized finance (DeFi) protocol that provides lending and borrowing services for various cryptocurrencies. Built initially on Ethereum and expanded to chains like BNB Chain, it allows users to deposit assets into liquidity pools to earn interest or borrow against collateral. The protocol uses smart contracts to automate lending markets, where interest rates adjust dynamically based on supply and demand. Key features include support for a wide range of assets, including stablecoins and native tokens from different ecosystems. Users can supply assets to earn yields or borrow by providing over-collateralized loans, with liquidation mechanisms to maintain protocol solvency. Cream Finance also integrates with other DeFi tools, enabling composability for yield farming and leveraged positions. The native token, CREAM, governs the protocol, allowing holders to participate in decision-making through decentralized governance. Security is emphasized through audits and bug bounties, though the protocol has faced exploits in the past, leading to ongoing improvements in smart contract robustness.
Cream Finance explicitly called a 2020-21 rug pull; Fantom Foundation actively sells $CREAM tokens.
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Coinbase Prime Vaults suspends wallet support for CREAM on March 27, 2026, at approximately 2 PM ET.
Cream Finance explicitly called a rug pull from 2020-21, with allegations of fraudulent activities and deception behind users' backs.
Fantom Foundation actively sells $CREAM tokens.
Cream implements Bid-Ask liquidity strategy on $MON pair targeting ~0.025-0.04 price range with concentrated liquidity at extremities for fee generation through DLMM dynamic fees.
BNB Chain market now supports $ASTER from Aster_DEX and $USD1 from worldlibertyfi for lending and borrowing operations.
Protocol announces mandatory unstaking of iceCREAM tokens on Ethereum Mainnet
Protocol is being grouped with failed DeFi projects, indicating increased risk perception.
Security breach results in $130M loss from protocol in minutes.
Exchange announces April 16, 2025 delisting following community vote.
Token will be delisted from Binance on April 16, 2025 following community vote and exchange review.
Token will be delisted from Binance on April 16, 2025, following community vote.
Weekly chart showing range high targeting. Described as ultimate DeFi coin.