We have listed HUSD on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow HUSD at app.cream.finance.
Proposal from C.R.E.A.M. DAO has passed. Please see the discussion here.
45.67k CREAM voted for ‘FOR’
0 CREAM voted for ‘AGAINST’
CREAM token holders voted in favor of adding a HUSD market on C.R.E.A.M., with 45.67k yes votes. Collateral factor for HUSD is 0%, meaning users can deposit HUSD but cannot use HUSD as collateral to borrow other assets until the collateral ratio is increased through a governance vote.
Creating a HUSD market allows token holders to stay long on HUSD while getting leverage on the asset itself, once a collateral ratio greater than 0 is voted in. For those who want to short HUSD, this allows a capital efficient way to do so.
C.R.E.A.M. DAO
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