C.R.E.A.M. Finance x Moonbeam Integration
C.R.E.A.M. Finance & Moonbeam Network announced integration to boost DeFi by bringing lending and borrowing protocol to Moonriver on Kusama, then Moonbeam on Polkadot.
This integration joins the growing ecosystem of DeFi projects building on Moonbeam, offering a full suite of lending and borrowing services to the Polkadot community.
C.R.E.A.M. Finance is one of the most successful decentralized lending and borrowing protocols, with more than $1 billion USD in total value locked (TVL) on its platform. As the first lending and borrowing platform on Moonriver, C.R.E.A.M. Finance will help jumpstart the growth of the DeFi ecosystem on Moonriver by providing users with a diverse set of options for making their assets productive. C.R.E.A.M. Finance joins SushiSwap on Moonbeam as a powerful new source of liquidity and yield on Polkadot.
“The Polkadot ecosystem presents a new frontier in DeFi, which along with the strong Moonriver and Moonbeam community, makes it the leading EVM-compatible smart contract platform. We are looking forward to working with such strong partners as we enter the Polkadot ecosystem.” says Leo Cheng, co-founder at C.R.E.A.M. Finance.
Moonbeam is a smart contract parachain on Polkadot with a focus on maximizing Ethereum compatibility. For DeFi enthusiasts, this means they can hold Moonbeam and Moonriver tokens using existing Ethereum addresses in their MetaMask wallet and use other familiar tools and DApps. However, by being in a Polkadot-native environment, users will also be able to access assets from other parachains using the native cross-chain networking that is built into Polkadot.
The Moonriver network is now live on Kusama after completing the final phase of its launch process. Balance transfers and EVM features have been enabled, and the network is fully functional. This means that 60+ projects in the Moonbeam ecosystem can start deploying to Moonriver. The C.R.E.A.M. Finance team will be fully deployed in Moonriver in the next upcoming weeks. MOVR token holders will be able to access C.R.E.A.M. permissionless, transparent, and non-custodial decentralized lending protocol.
About the Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently in active development by PureStake, Moonbeam is expected to reach MainNet by Q4 2021.
About C.R.E.A.M.
C.R.E.A.M. Finance is a decentralized lending protocol for individual and institutional access to financial services. It is a permissionless and blockchain agnostic protocol existing on Ethereum, Binance Smart Chain, and Fantom. Crypto Rules Everything Around Me, C.R.E.A.M.
📰 INFO
https://moonbeam.network/announcements/c-r-e-a-m-finance-expands-to-polkadot-via-moonbeam/
