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C.R.E.A.M. Finance Announces the Launch of Money Markets on Polygon

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3 years ago

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C.R.E.A.M. Finance Announces Launch of Money Markets on Polygon

C.R.E.A.M. Finance is basically a decentralized lending protocol for individuals, institutions, and other protocols to access financial services. Today it announces the launch of its money markets on the Polygon network.

This integration with Polygon is for faster transactions, lower gas fees, and access to different markets for our users. The DeFi ecosystem for the Polygon is increasing day by day with a TVL of $8.64 billion.

According to the official blog post, “At launch, users will be able to supply and borrow tokens on the following markets: USDC, USDT, DAI, WMATIC, WETH, WBTC, LINK, SUSHI, CRV, QUICK.”

Also, all the assets on the C.R.E.A.M. Polygon will be covered by Chainlink oracles and the Collateral factors will range from 45% to 85%.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.