Cream Finance Price
(CREAM)
USD($)
Cream Finance (CREAM) Live Price Chart
Overview
About
Analysis
FAQ
Cream Finance Live Price Data
The live price of Cream Finance is $15.77, with a total trading volume of $ 36,000 in the last 24 hours. The price of Cream Finance changed by +0.35% in the past day, and its USD value has decreased by -12.72% over the last week. With a circulating supply of 1,855,659 CREAM, the market cap of Cream Finance is currently 29.39M USD, marking a --% increase today. Cream Finance currently ranks #-- in market cap.
How do you feel about Cream Finance today?
Note: This data is for reference only.
Cream Finance(CREAM) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0x2ba592...200
- BNB Smart Chain (BEP20) 0xd4cb32...888
- Solana HihxL2iM...VDH
Audited By
- https://docs.cream.finance/audit-report
Code & Community
Investors
- --
$15.41
$15.93
- ATH
- $367.96
- Price Change (1h)
- --
- Price Change (24h)
- +0.35%
- Price Change (7d)
- -12.72%
- Market Cap
- $29.39M
- 24h Volume
- $36,000
- Circulating Supply
- 1,855,659
- Max Supply
- 2,924,546
About CREAM
How can I buy Cream Finance (CREAM)?
Buying CREAM on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Cream Finance (CREAM) for more information. What Is Cream Finance (CREAM) Crypto?
Cream Finance, or C.R.E.A.M. Finance, stands for "Crypto Rules Everything Around Me." It is a decentralized finance (DeFi) platform launched in August 2020. CREAM operates on multiple blockchains, including Ethereum, Binance Smart Chain, and Fantom.
The platform offers a variety of financial services such as lending, borrowing, and staking. Users can lend their crypto assets to earn interest or use them as collateral to borrow other assets. Cream Finance supports a wide range of tokens, including less popular ones not typically supported by other platforms, thus increasing liquidity for these assets.
One unique feature is Cream's "Iron Bank," which allows protocol-to-protocol lending without requiring collateral for approved protocols. This aims to enhance liquidity and capital efficiency within the DeFi ecosystem.
The CREAM token serves as the platform's governance token, allowing holders to vote on protocol changes. Users can earn CREAM tokens by participating in liquidity mining or staking.
How Does Cream Finance Finance Work?
Cream Finance (CREAM) is a DeFi platform that allows you to lend, borrow, and stake cryptocurrencies. Cream Finance operates on multiple blockchains, including Ethereum, Binance Smart Chain, and Fantom, making it versatile and accessible.
You can deposit your crypto assets into Cream Finance to earn interest. These assets act as collateral, allowing you to borrow other cryptocurrencies. The amount you can borrow is typically up to 60% of the value of your collateral. Interest rates depend on the supply and demand for each asset.
You can stake CREAM tokens to earn rewards. By staking, you lock your tokens for a set period, during which you can't use them for trading or voting. By providing liquidity to Cream's decentralized exchange (DEX), you earn a share of the trading fees. This process involves depositing tokens into liquidity pools, which facilitates trading on the platform.
Cream Finance’s Iron Bank feature allows protocol-to-protocol lending without needing collateral for certain trusted partners. This enhances liquidity across the DeFi ecosystem.
History of Cream Finance and CREAM Coin
The Cream Finance DeFi platform was launched on August 3, 2020. Jeffrey Huang, a Taiwanese entrepreneur, founded Cream Finance. He is also known for creating the Mithril platform, another Ethereum-based protocol. Leo Cheng, who has a background in business management and blockchain technology, co-founded the project with Huang.
Cream Finance Roadmap
1. Launch and Early Development (2020)
- Initial deployment on Ethereum.
- Introduced lending and borrowing services.
- Launched Cream Finance Swap, a DEX forked from Balancer and Uniswap, in September 2020.
2. Expansion and New Features (2021)
- Introduced Cream v2, known as the Iron Bank, for protocol-to-protocol lending without collateral.
- Added support for more cryptocurrencies and integrated with other DeFi projects like Yearn Vaults and Alpha Homora.
3. Ongoing Development
- Planned improvements in governance through the introduction of the iceCREAM token, which allows for more decentralized decision-making.
- Continuous expansion to support more blockchains and financial services.
What Is CREAM Token Used for?
The CREAM token is an essential part of the Cream Finance ecosystem, serving multiple purposes:
- Lending and Borrowing: You can use CREAM tokens to lend your crypto assets or borrow other assets. You can earn interest or take out loans by providing your assets as collateral.
- Staking CREAM: Stake CREAM tokens to earn rewards. This involves locking your tokens for a specified period, which can yield returns based on the staking duration.
- Liquidity Mining: Provide liquidity to Cream Finance’s DEX and earn CREAM tokens as a reward. This process helps facilitate trades on the platform and ensures adequate liquidity.
- Governance: CREAM token holders have voting rights in the governance of the Cream Finance protocol. You can vote on proposals regarding the addition or removal of assets and other important protocol changes.
- Yield Farming: Participate in yield farming by providing liquidity and earning CREAM tokens in return. This incentivizes users to contribute to the platform's liquidity pools.
- Trade CREAM on KuCoin: Trade Cream Finance token against other cryptocurrencies on the KuCoin Spot Market after you do your own research (DYOR). Buy, sell, or HODL $CREAM if you believe in the long-term potential of Cream Finance protocol and the overall DeFi market.
What Is Cream Finance Tokenomics?
The maximum supply of CREAM tokens is capped at 9 million. Out of this, approximately 1.85 million tokens are currently in circulation as of May 2024. The CREAM token distribution is given below:
- Team and Advisors: 10% of the total supply (900,000 tokens) is allocated to the team and advisors, vesting over four years.
- Liquidity Providers: 20% (1.8 million tokens) are reserved for liquidity incentives.
- Governance: A significant portion is allocated for governance and platform maintenance.
Cream Finance (CREAM) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.055 | 0.36% |
| 7 Days | $-2.3 | -12.72% |
| 30 Days | $-1.84 | -10.49% |
| 3 Months | $1.29 | 8.95% |
24H Investment Barometer
24H
- Strong Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Cream Finance Conversion Rate
FAQ
How much is 1 Cream Finance (CREAM) worth?
KuCoin provides real-time USD price updates for Cream Finance (CREAM). Cream Finance price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time CREAM to USD exchange rates. Is Cream Finance (CREAM) a Good Investment?
Investing in Cream Finance (CREAM) offers several advantages:
- Earning Potential: You can earn interest by lending your crypto assets or by participating in liquidity mining. Cream Finance offers competitive interest rates determined by market supply and demand.
- Diverse Services: Cream Finance provides a wide range of DeFi services, including lending, borrowing, staking, and token swapping. This versatility allows you to manage and optimize your investments on a single platform.
- Integration with Yearn Finance: Cream Finance is integrated with the Yearn Finance ecosystem, enabling synergistic benefits and efficient use of various DeFi products. This integration helps optimize returns and streamline operations for users.
- Protocol-to-Protocol Lending: The Iron Bank feature allows for zero-collateral protocol-to-protocol lending, which is unique in the DeFi sector. This innovation opens up new opportunities for yield optimization and capital efficiency.
- Governance Participation: You can participate in the platform’s governance by holding CREAM tokens. This includes voting on proposals and decisions that shape the future of Cream Finance.
- Wide Range of Supported Assets: Cream Finance supports various crypto assets, including stablecoins, governance tokens, and major cryptocurrencies. This inclusivity allows you to diversify your portfolio and participate in different aspects of the DeFi ecosystem.
What Is Cream Finance Price Prediction?
By understanding these factors, you can get a better grasp of the dynamics affecting CREAM's market price and the CREAM price prediction:
- Market Demand and Supply of CREAM Coins: The price of CREAM tokens fluctuates based on the market's demand and supply. Higher demand with limited supply can drive prices up, while lower demand can lead to $CREAM price drops.
- Cream Finance Platform Usage: Increased activity on the Cream Finance platform, such as more users lending, borrowing, and staking, can boost the Cream Finance price. The CREAM token utility in various DeFi services directly impacts the CREAM to USD price.
- Integration and Partnerships: Collaborations and integrations with other DeFi platforms, like Yearn Finance, enhance Cream Finance's ecosystem, potentially increasing the CREAM token price by providing more utility and trust in the market.
- Liquidity Mining Rewards: The distribution of CREAM tokens as rewards for liquidity mining can influence supply. If many tokens are distributed, this might increase selling pressure, impacting the CREAM crypto price.
- Market Sentiment and Speculation: General market sentiment, including speculation about future performance and the overall health of the cryptocurrency market, plays a significant role. Positive news and developments can lead to price increases, while negative sentiment can cause declines in the CREAM coin price.
How to Earn on Cream Finance
You can earn on Cream Finance (CREAM) in several ways:
- Lending and Borrowing: Deposit your crypto assets on Cream Finance to earn interest. You can also use your assets as collateral to borrow other cryptocurrencies.
- CREAM Staking: Stake CREAM tokens to earn rewards. The longer you stake, the higher the potential rewards. This involves locking your tokens for a specified period.
- Liquidity Mining: Provide liquidity to Cream Finance's DEX. By adding your tokens to liquidity pools, you earn a share of the trading fees and additional CREAM tokens as rewards.
- Yield Farming: Participate in yield farming by supplying assets to the platform. This allows you to earn interest and other rewards over time.
- Governance Participation: Hold and stake CREAM tokens to participate in platform governance. This can include voting on proposals and changes to the protocol, which can also earn you rewards.
How to Stake CREAM on Cream Finance
To stake CREAM on Cream Finance, follow these steps:
- Visit the Cream Finance Staking Page: Go to the Cream Finance staking page.
- Connect Your Wallet: Click the “Connect Wallet” button and select your preferred wallet, such as MetaMask. Ensure your wallet is properly set up and funded with CREAM tokens.
- Lock Your CREAM Tokens: Decide how long you want to lock your CREAM tokens. You can choose a period ranging from one week to four years. The longer you lock your tokens, the more rewards you can earn.
- Confirm the Staking: After selecting the duration, confirm the staking process in your wallet. Your CREAM tokens will be locked for the chosen period, and you will receive iceCREAM tokens in return, which are used for governance and boosting rewards on the platform.
- Earn Rewards: While your tokens are staked, you will earn rewards based on the staking duration and the amount of CREAM staked. You can track your staking rewards on the Cream Finance platform.
What is the all-time high price of Cream Finance (CREAM)?
The all-time high price of Cream Finance (CREAM) is $368.250. The current price of CREAM is down 95.71% from its all-time high.
What is the all-time low price of Cream Finance (CREAM)?
The all-time low price of Cream Finance (CREAM) is $6.460. The current price of CREAM is up 144.11% from its all-time low.
How much Cream Finance (CREAM) is there in circulation?
As of 12 25, 2024, there is currently 1,855,659 CREAM in circulation. CREAM has a maximum supply of 2,924,546.
What is the market cap of Cream Finance (CREAM)?
The current market cap of CREAM is $29.39M. It is calculated by multiplying the current supply of CREAM by its real-time market price of $29.39M.
How do I store Cream Finance (CREAM)?
You can securely store your Cream Finance in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your CREAM include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Quant (QNT) to cash?
You can instantly exchange your Quant (QNT) for cash using KuCoin's Fast Trade feature. This feature enables you to convert QNT to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.