C.R.E.A.M. Finance announces NFT Metaverse tokens’ borrowing and lending details
C.R.E.A.M. Finance: DeFi Bridge Strategy
C.R.E.A.M. Finance is actively initiating its broader strategy of bridging DeFi, NFT, and Metaverse ecosystems. Acting on its commitment to offer novel tools to the holders of tokens, NFTs and Metaverse tokens. C.R.E.A.M. Finance’s earlier announcement was pertaining to introducing a protocol-to-protocol flash loans to DeFi product via its Iron Bank. The idea was to inject capital efficiency and elevate the scope of DeFi. C.R.E.A.M. Finance is now executing the 1st phase of its strategy meant to offer to holders an access to assets’ leveraging for growth. C.R.E.A.M. Finance’s borrowing and lending service for AXS, YGG, SAND, MANA, OGN, and RARI NFT / Metaverse tokens is now official. C.R.E.A.M. Finance is the very first DeFi lending / borrowing protocol to offer support to AXS and YGG tokens.
C.R.E.A.M. Finance x CHAINLINK
C.R.E.A.M. Finance went on to solve the pressing dilemma of availing tamper-resistant and attested price feed for AXS (Axie Infinity) and YGG (Yield Guild Games) via CHAINLINK collaboration. CHAINLINK offers decentralized price reference data oracle networks. CHAINLINK will make available price feed oracles to deploy AXS and YGG price feeds on Mainnet. Price feed oracles (PFOs) are vital bridging infrastructure fueled by decentralized oracle networks. PFOs give correct on-chain pricing information to facilitate hybrid smart contracts’ execution. Following the inclusion in V1 Ethereum markets of SAND (Sandbox) and MANA (Decentraland). C.R.E.A.M. Finance now hosts on one DeFi lending platform the broadest volume of NFTs and Metaverse governance tokens.
Problem Solving & User Benefits
The 3 stakeholder categories in the NFT / Metaverse ecosystem tend to have peculiar needs of their own to be fulfilled:
- Token Holders: would enjoy higher capital efficiency of their tokens
- Participants: setting free and accessing the value of NFT assets to fuel future growth even whilst holding their asset
- DAOs or Projects: enlarging financing avenues to initiate roadmap growth in a capital and tax-friendly way.
C.R.E.A.M. Finance: The DeFi Bridge Effect
C.R.E.A.M. Finance believes the assets’ listing would let token holders to the following:
- Reap interest income with lending their above-listed assets
- Avail borrowing on these assets to realize their investment goals in a tax-friendly way
- Access price movements hedge with their assets as they borrow via their deposits
- Do asset borrowings to advance growth
C.R.E.A.M. Lists Origin Protocol
Origin Token (OGN) is now listed on C.R.E.A.M. Users are allowed to supply their OGN tokens to https://app.cream.finance/ to start earning interest from their borrowers. The OGN addition proposal received maximum votes in favour with zero votes in disapproval from the C.R.E.A.M. DAO.
C.R.E.A.M. Finance is a decentralized lending protocol offering personal and institutional financial services’ access. A permissionless and blockchain agnostic protocol, C.R.E.A.M. Finance exists on Ethereum, Binance Smart Chain (BSC) and Fantom.