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$HEGIC Listed on C.R.E.A.M. Ethereum | by C.R.E.A.M. | C.R.E.A.M. Finance | Dec, 2020


C.R.E.A.M.

We have listed HEGIC on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow HEGIC at app.cream.finance.

Proposal from C.R.E.A.M. DAO has passed. Please see the discussion here.

17.74k CREAM voted for ‘FOR’

0 CREAM voted for ‘AGAINST’

CREAM token holders voted in favor of adding a HEGIC market on C.R.E.A.M., with 17.74k yes votes. Collateral factor for HEGIC is 0%, meaning users can deposit HEGIC but cannot use HEGIC as collateral to borrow other assets until the collateral ratio is increased through a governance vote.

Creating a HEGIC market allows token holders to stay long on HEGIC while getting leverage on the asset itself, once a collateral ratio greater than 0 is voted in. For those who want to short HEGIC, 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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