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What is Cream?
Cream Finance is a decentralised lending platform that offers financial services to a diverse range of users, from individuals to large institutions. It operates on smart contracts across multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, and Fantom .
How does Cream work?
Cream Finance functions as a decentralised protocol for lending and borrowing cryptocurrencies. It eliminates traditional intermediaries by leveraging blockchain technology to create a secure and efficient financial environment. The platform uses smart contracts, primarily coded in Solidity, to automate lending, borrowing, and liquidity provision services. Interest rates on the platform are dynamically adjusted based on supply and demand, and CREAM token holders can participate in governance decisions .
What are the potential use cases for Cream?
Cream Finance provides multiple use cases in the decentralised finance (DeFi) ecosystem, such as:
- Offering decentralised lending and borrowing services
- Facilitation of liquidity mining and yield farming
- Enabling governance through voting on asset listings and removals
- Providing cross-platform integration for improved liquidity and functionality
- Supporting flash loans, which can be used for liquidations, collateral swaps, and interest rate swaps .
What is the history of Cream?
The decentralised lending platform Cream Finance was launched in 2020. However, it's important to distinguish this from Creamfinance LLC, a traditional finance company founded in 2012 in Latvia. Cream Finance's journey as a DeFi platform includes launching on the Binance Smart Chain and forming partnerships within the Yearn.finance ecosystem. It has expanded to multiple blockchains to enhance liquidity and functionality .
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Frequently Asked Questions (FAQs)
What is the current price of Cream (CREAM)?
The Cream price is $24.6 AUD, representing a +13.81% from the day prior.
Where is the best place to buy Cream (CREAM) in Australia?
The best place to buy Cream (CREAM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Cream (CREAM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Cream (CREAM)?
The trading volume of Cream (CREAM) is $6.5M AUD in the last 24hrs, representing a +13.81% from the day prior.
How can I buy Cream (CREAM)?
Cream (CREAM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Cream (CREAM)?
The current market cap of Cream (CREAM) is $56.0M AUD.
Can I convert Cream (CREAM) to cash?
Yes - With Coinstash you can convert your Cream (CREAM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Cream (CREAM) are there?
The current circulating supply of Cream (CREAM) is 2.3M.
Is Coinstash a safe place to buy Cream (CREAM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Cream (CREAM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.