Hacker steals $55 million from bZx DeFi platform. After migrating to other blockchains, such as Binance Smart Chain or Fantom, the protocol is now preparing to take off towards Polygon. The private keys were used for bZx's integration with the Polygon and Binance Smart Chain blockchains. Cream Finance's smart contract marketplaces allow users to borrow and lend secured assets. CryptoPotato reported on August 31st this year when the decentralized finance protocol Cream Finance suffered another security breach - this time, roughly $25 million in ETH and AMP were . Cream Finance DeFi Protocol to Launch on Polygon - BeInCrypto Our integration with Polygon means faster transactions, lower gas fees, and access to different markets for our users. Provide Grant To Coordinape. Crypto News 30/06: Bitcoin is difficult to compare with gold due to the great price volatility and news Ethereum, Ripple, Dogecoin, TeraWulf, Coinmarketcap, Lydia Finance, Argo Blockchain, Antimatterie, FTX, Theta, Cream Finance . Một Hacker đã sử dụng thành công khoản vay nhanh vào ngày 27 tháng 10 năm 2021 để vay 524.102.159 ETH từ Aave, trị giá khoảng 2 tỷ đô la theo giá hiện nay. Currently, C.R.E.A.M. The latest decentralized finance (DeFi) platform to take advantage of scaling its lending and borrowing protocol to Layer 2 (L2) is Cream Finance. What Is C.R.E.A.M. In announcement Tuesday, Cream said using Polygon, which has $8.64 billion in total value locked, will lead to faster transaction speeds, lower gas fees and access to additional markets for its users. Cream Finance Announces Integration With Polygon Part of the yearn finance ecosystem, C.R.E.A.M. C.R.E.A.M. - Medium Popsicle Finance to Repay Victims of $25M Attack - Crypto ... C.R.E.A.M. Finance Cream vs. Ethereum vs. Orbit Chain vs. Polygon (Matic ... The DeFi lending protocol made the announcement on June 30, stating that the integration with Polygon means faster transactions, lower gas fees, and access to different markets for its users. C.R.E.A.M Finance is a decentralized DeFi lending protocol for individuals, institutions and protocols to access financial services. DeFi protocol Cream Finance has been hacked for more than $130 million. Polygon. Tokenomics . And Cream Finance isn't the only lending platform to join forces with Polygon. Cream Finance DeFi Protocol to Launch on Polygon » MAXBIT Cream Finance is reborn thanks to Polygon. Finance is a protocol that provides decentralized lending to individual users, organizations, and even other protocols. A Month Later: Cream Finance Reports Recovering $16M of ... With C.R.E.A.M., users can earn passive yields by depositing their ETH and wBTC. Cream Finance to Launch on Polygon Network - LightBlocks ... Iron Bank expansion: ᕙ༼ຈل͜ຈ༽ᕗ @leokcheng. Decentralized lending platform Cream Finance officially announced that it would combine with Polygon to launch its money markets on the Ethereum layer 2 scaling solution Polygon network.. It is a part of Yearn Finance and serves the Binance Smart Chain, Fantom, Ethereum and Polygon users. The first breach happened in February, when Cream lost $37.5 million. Hacker spear-phished a bZx employee and stole two private keys for the DeFi platform. The blog. Finance (CREAM)? Finance is a decentralized lending protocol for individual and institutional access to financial services. Which one is a better investment? According to Cream, the integration with Polygon, which has $8.64 billion in total value locked, will lead to faster transaction speeds, lower gas fees, and access to additional markets for its users. Had Cream Finance not stopped the attack, a great deal more funds could have been lost. The exploit was highlighted by PeckShield, who identified a large flash loan transaction that was used to carry it out. The announcement further stated that the integration with Polygon means faster transactions, lower gas charges, and access to different markets for its users. Decentralized lending protocol Cream Finance is set to launch on the Ethereum layer 2 scaling solution network, Polygon. Part of the yearn.finance ecosystem, C.R.E.A.M. IDEX Or Cream Finance: a Comparison of IDEX (IDEX) and Cream Finance (CREAM). According to blockchain records, $92 million was stolen into one address and $23 million into another, alongside other funds taken. The DeFi lending protocol made the announcement on June 30, stating that the integration with Polygon means faster transactions, lower gas fees, and access to different markets for its users. is live on Ethereum, Binance Smart Chain, and Fantom. Finance is a blockchain agnostic, decentralized peer to peer lending platform based on a fork of Compound Finance. In the other hand, the collateral factor is the maximum you can borrow on a particular asset. Finance is a decentralized lending protocol for individuals and protocols to access financial services. It is unclear if those funds are also at risk. — Cream Finance (@CreamdotFinance) October 27, 2021. "We are investigating an exploit on C.R.E.A.M. Collateral Factor & Reserve Factor. Cream Finance. Cream Finance's smart contract money markets allow users to borrow and lend supported assets. The most recent decentralized finance (DeFi) platform to make the most of scaling its lending and borrowing protocol to Layer 2 (L2) is Cream Finance. The price of CREAM plunged -27% minutes after the attack, down from $152 to $111, according to data from CoinGecko. Provide Grant To Coordinape. While the attacker is still at large, Cream Finance has promised to compensate the stolen funds in its bid to return its ecosystem to . The most recent decentralized finance (DeFi) platform to make the most of scaling its lending and borrowing protocol to Layer 2 (L2) is Cream Finance. Cream. Proudly powered by Cream.Finance . C.R.E.A.M. C.R.E.A.M. bridges liquidity across underserved assets by providing algorithmic money markets to these underserved assets. It is a permissionless and blockchain agnostic protocol existing on Ethereum . Decentralized finance (DeFi) lending platform CREAM Finance lost $25 million in a flash loan attack, the second in the past six months. The lending protocol is a part of the Yearn Finance ecosystem. At the time of the launch, which has not yet been . Cream Finance's smart contract money markets allow users to borrow and lend supported assets. Whenever a DeFi platform sees a significant drop in total value locked, there is a reason for concern. Per DeFillama, the protocol has an additional $460 million in total value locked (TVL) across Binance Smart Chain, Polygon, Avalanche and Fantom. — Cream Finance (@CreamdotFinance) October 27, 2021 Per DeFillama, the protocol has an additional $460 million in total value locked (TVL) across Binance Smart Chain, Polygon, Avalanche and . Finance is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon and Fantom. We're putting the finishing . C.R.E.A.M. Part of the yearn.finance ecosystem, the DApp is a blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain and Polygon. Cream Finance launched on the Polygon blockchain in June. Re-Introducing Cream Finance. It is a permissionless and blockchain agnostic protocol existing on Ethereum . - 1 day Part of the yearn.finance ecosystem, C.R.E.A.M. Cream Finance區塊鏈新聞快訊文章, Cream Finance文章, 新聞, 深度文章, 資訊, 項目, Cream Finance是什麼, Cream Finance介紹, 三分鐘瞭解Cream Finance, 一文讀懂, 如何評價Cream Finance, Cream Finance網站, 官網, Cream Finance什麼意思, Cream Finance解讀, Cream Finance意義, Cream Finance怎麼樣, Cream Finance技術, 主網, 上線, 挖礦, 空投 . Iron Bank expansion: ᕙ༼ຈل͜ຈ༽ᕗ @leokcheng. Cream Finance's smart contract money markets allow users to borrow and lend supported assets. Polygon just today announced providing $5M in WMATIC funds to reward those providing liquidity in this Curve Aave pool on Polygon. C.R.E.A.M. The original attack, in addition to draining the platform's funds, caused the value of Popsicle's ICE token to fall from $2.35 to $1.38 within 48 hours. The blog. In late May, MATIC prices surged after Mark Cuban announced the addition of Polygon to his portfolio. Sau đó, hắn đã rút hết thành công một số token DeFi trên giao thức cho vay phi tập trung Cream . Cream Finance has become the latest in a long list of DeFi protocols launching platforms on the Layer 2 aggregator Polygon (formerly known as Matic). The drive to embrace L2 has come about from a surge in Ethereum gas fees this . C.R.E.A.M. The Polygon network is growing: Institutional investors are pouring money into Polygon as demand for Ethereum-compatible blockchain networks grows, and DeFi developers and users are flocking to the platform in search of cheaper gas fees and fast block times. Cream Finance's smart contract money markets allow users to borrow and lend backed assets. Disclosures and footnotes: Our Website is a financial data and news portal, discussion forum, and content aggregator, so cannot substitute for professional advice and independent verification. CREAM confirmed the exploitation, resulting in a loss of 418,311,571 in AMP and 1,308.09 in ETH. Tokenomics . It is also costly for retail investors to cast on-chain votes on the few issues that do arise. Notably, Cream Finance is the lending protocol for individuals and institutions for accessing financial services and is completely decentralized. If the reserve factor is 10, then that would imply that 10% of the interest paid on the asset is for CREAM. We're putting the finishing . Cream Finance is now available in the Polygon universe . What Is C.R.E.A.M. According to the company, its protocol was attacked, leading to the loss of over $462 million in AMP tokens and 2,804.96 ETH tokens. Part of the Yearn Finance ecosystem, CREAM Finance is a permissionless, open-source, and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain, Polygon, and Fantom. Compare price, features, and reviews of the software side-by-side to make the best choice for your business. C.R.E.A.M. Finance . Our Content is intended to be used and should be used for informational purposes only. Polygon. Finance is a decentralized lending protocol for individuals, institutions, and other protocols to access financial services. Cream protocol, a defi lending-borrowing platform present on four different chains (Ethereum, BSC, Polygon, and Fantom), suffered a hack Monday that resulted in the loss of $29 million in several . THIS ANALYSE FOR FRIND ASK ME Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network this can help cream for move up more on this week end can going up not more but have chanse for move up GL Supports: 177.15 >>> First Entry Point 173.40 >>> Sec Entry. Recently, Cream Finance, Decentralized finance (DeFi) lending platform announced its upcoming integration with the Ethereum layer 2 scaling solution Polygon. About Cream Finance. Compare Cream vs. Ethereum vs. Orbit Chain vs. Polygon (Matic) using this comparison chart. Compare Cream vs. Ethereum vs. Orbit Chain vs. Polygon (Matic) using this comparison chart. Users can supply any supported assets and use these supplied assets as collateral to borrow any . The protocol is permissionless, transparent, and non-custodial. About C.R.E.A.M. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. According to Cream, the integration with Polygon, which has $8.64 billion in total value locked, will lead to faster transaction speeds, lower gas fees, and access to additional markets for its users. Finance . Cream Finance is a fork of Compound, one of the original lending and borrowing platforms. Finance will be launching our money markets on Polygon! Users who passively hold Ether or wBTC can deposit their assets on Cream to earn yield, similar to a traditional savings account. Finance (CREAM)? Cream Finance announces integration with Polygon. The attack would be the third-largest in DeFi according to Rekt. Finance is a decentralized lending protocol for individuals and protocols to access financial services. We are excited to announce that C.R.E.A.M. In an announcement dated June 30, the protocol teams . It is a permissionless, open-source, and blockchain agnostic platform that caters to users from the Ethereum, Binance Smart Chain (BSC), Polygon, and Fantom . Decentralised Finance lending protocol, Cream Finance is doing a thorough post-mortem following the exploitation of its protocol. The integration with Polygon will help Cream Finance users to enter and trade in different markets with faster transaction speed and lower gas fees. Interest Rate Model. CREAM Developer Grant: Reward Key Contributor. Cream To Roll Out Ten Digital Assets At Launch According to the announcement published by Cream, the integration with Polygon would enable users to lend and borrow ten digital assets, such as USDC, USDT, DAI, WMATIC, LINK,. According to Cream, the integration with Polygon, which has $8.64 billion in total value locked . The DeFi lending protocol made the announcement on June 30, stating that the integration with Polygon means faster transactions, lower gas fees, and access to different markets for its users. Roughly a month after getting exploited for the second time this year, Cream Finance has reported that it has recovered more than $16 million of the funds. The latest decentralized finance (DeFi) platform to take advantage of scaling its lending and borrowing protocol to Layer 2 (L2) is Cream Finance. For CREAM Finance, there is a daily change in TVL of -24.05%, which is a rather steep amount. Polygon Twitter | Polygon Discord. Compare price, features, and reviews of the software side-by-side to make the best choice for your business. Finance is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon and Fantom. Part of the yearn finance ecosystem, it is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain, Polygon and Fantom. The latest decentralized finance (DeFi) platform to take advantage of scaling its lending and borrowing protocol to Layer 2 (L2) is Cream Finance. In announcement Tuesday, Cream said using Polygon, which has $8.64 billion in total value locked, will lead to faster transaction speeds, lower gas fees and access to additional markets for its users. Channels.finance is the NO.1 LP mortgage lending platform & NO. C.R.E.A.M. v1 on Ethereum and will share updates as soon as they are available," the CREAM Twitter account noted at 11:04 AM New York time. Cream Finance, a DeFi lending protocol, announced on June 30th that the platform will expand its lending and borrowing protocol to Layer 2. The blog post added that at the time of […] Cream Finance is now available in the Polygon universe. Cream now joins the ranks of Curve Finance, Aave, mStable, RenVM, Kyber Network , and 0x in . Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. According to Cream, the integration with Polygon, which has a total lockdown of $ 8.64 billion, will result in faster transaction speeds, lower gas charges and access to additional markets for users. Cream Finance's smart contract money markets allow users to borrow and lend supported assets. Cream Finance's smart contract money markets allow users to borrow and lend supported assets. The DeFi lending protocol made the announcement on June 30, stating that the combination with Polygon means sooner transactions, decrease gasoline charges, and entry to totally different markets . Cream Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. The Iron Bank is a protocol to protocol (DAO to DAO) lending system, built by both @iearnfinance and @CreamdotFinance. C.R.E.A.M. Finance is a permissionless, open-source, and blockchain-agnostic protocol. Qualify for a sweet treat. Popsicle's ICE Token Is Worth $25. At the time of the launch, which has not yet been . As CryptoPotato reported on August 30, the lending protocol was hacked through reentrancy on the AMP token contract, losing an estimated $25 . Cream now joins the ranks of Curve Finance, Aave, mStable, RenVM, Kyber Network, and 0x in recent Polygon deployments. C.R.E.A.M. The Iron Bank is a protocol to protocol (DAO to DAO) lending system, built by both @iearnfinance and @CreamdotFinance. C.R.E.A.M. Finance is a decentralized lending protocol for individual and institutional access to financial services. Cream finance is the current decentralized finance (DeFi) platform about to scale its lending and borrowing protocol to layer 2 (L2). Finance's smart contract money markets are focused on longtail assets -- with . Example: The collateral factor for ETH . The DeFi lending protocol made the announcement on June 30, stating that the combination with Polygon means sooner transactions, decrease gasoline charges, and entry to totally different markets . Permissionless, open source, and compatible with any . Currently, Cream Finance's TVL (Total Value Locked) stands at $616 million, according to DeFi Pulse.Besides the CREAM token, AMP is Cream Finance's largest supplied market, accounting for 9.5% of the platform's Ethreum blockchain (Cream Finance also operates on the BSC, Polygon and Fantom chains), and . C.R.E.A.M. According to Cream Finance, the addition of Polygon support will allow DeFi to provide faster… In its announcement Tuesday, Cream said using Polygon, which has $8.64 billion in total value locked . The reserve factor is the percentage of Fee paid to CREAM protocol. This is the third time Cream Finance has suffered a security breach this year alone. It is crucial to do your own research before making any investment. Polygon $5M Yield Farming Program. advertisement. Compare Cream vs. Ethereum vs. Polygon (Matic) using this comparison chart. This is the second time the platform has been involved in a hack. Cream Finance's decentralized lending protocol announced the imminent integration of its second-tier Polygon solution to improve transaction speed and lower fees. Go to App Go to Forum Documentation. At the time of the launch, which has not yet been specified, Cream's users will be able to . Collateral Factor & Reserve Factor. What's Ahead For C.R.E.A.M. remains driven in our goal to bring capital efficiency to long-tail assets on multiple blockchains. At the moment, those additional rewards are yielding Curve liquidity providers a base APY of 16.32% (8.51% as of April 26, 2021) and additional WMATIC rewards APY of 141.47% (49.68 . Price Oracle However, ICE's price is now significantly better off than it was in August, with a market value of $25.89. Crypto Rules Everything Around Me. BLOG. Cream Finance's smart contract money markets allow users to borrow and lend supported assets. Cream Finance is a DeFi protocol, originally launched on Ethereum, that offers a loan and savings service. CREAM Finance Loses Traction. … It is a permissionless and blockchain agnostic protocol existing on Ethereum . Compare price, features, and reviews of the software side-by-side to make the best choice for your business. CREAM Developer Grant: Reward Key Contributor. C.R.E.A.M Finance is a decentralized DeFi lending protocol for individuals, institutions and protocols to access financial services. Finance is a decentralized lending protocol for individual and institutional access to financial services. Polygon continues to grow its ecosystem, with over 450+ Dapps, 350M+ txns, and 13.5 million+ distinct users. C.R.E.A.M. According to Cream, the integration with Polygon, which has $8.64 billion in total value locked, will lead to faster transaction speeds, lower gas fees, and access to additional markets for its users. The protocol borrows source code from the likes of Compound . The CREAM token, for instance, is tightly distributed to team members, investors, and strategic partners. Cream Finance's smart contract money markets allow users to borrow and lend supported assets. 5 lending platform in the world without any safety incidents and will cross-chain on BSC, Polygon,ETH, and SOL.Channels.finance has the advantages of strong security, high yield, good liquidity, nice UI, and friendly product interaction. What's Ahead For C.R.E.A.M. Per a press release issued by the protocol today, Cream finance will launch on the Polygon blockchain for its users to access various markets, pay lesser gas fees, perform transactions faster and enjoy several other benefits. Communications (Weekly Newsletter) Medium Blog (Global) Medium (Japanese) Naver Blog (Korean) DeFi lending protocol CREAM Finance has been exploited for $130M, CREAM said in a tweet . According to Cream, the integration with Polygon, which has $8.64 billion in total value locked, will lead to faster transaction speeds, lower gas fees, and access to additional markets for its users. CREAM Finance is a decentralized lending protocol made for individuals, institutions, protocols, and financial services. Cream Finance bị hack 136 triệu đô. Considering how the platform still has over $460m in locked assets, it seems unlikely this pattern will repeat itself. At the time of the launch, which has not yet been . C.R.E.A.M. Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services.
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