We have listed 1INCH, TBTC and OMG on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow 1INCH, TBTC and OMG at app.cream.finance.
Proposal of 1INCH, TBTC and OMG from C.R.E.A.M. DAO has passed.
186.57k CREAM voted for ‘FOR’
0 CREAM voted for ‘AGAINST’
37.37k CREAM voted for ‘FOR’
37.85 CREAM voted for ‘AGAINST’
139.1k CREAM voted for ‘FOR’
0 CREAM voted for ‘AGAINST’
CREAM token holders voted in favor of adding 1INCH, TBTC and OMG market on C.R.E.A.M.. Collateral factor for 1INCH, TBTC and OMG is 0%, meaning users can deposit 1INCH, TBTC and OMG but cannot use 1INCH, TBTC and OMG as collateral to borrow other assets until the collateral ratio is increased through a governance vote.
Creating a 1INCH, TBTC and OMG market allows token holders to stay long on 1INCH, TBTC and OMG while getting leverage on the asset itself, once a collateral ratio greater than 0 is voted in. For those who want to short 1INCH, TBTC and OMG, this allows a capital efficient way to do so.
C.R.E.A.M. DAO
Crypto Rules Everything Around Me, C.R.E.A.M.
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