Today, users will be able to supply and borrow the following PancakeSwap LP positions on C.R.E.A.M. BSC:
CAKE-BNB
BNB-BUSD
BTCB-BNB
ETH-BNB
USDT-BUSD
C.R.E.A.M. will optimize supplied (and unborrowed) PancakeSwap LPs — the deposit contract will:
- Automatically stake PancakeSwap LPs into PancakeSwap ‘Farms’ staking pools.
2. Claim CAKE rewards
Depositors can claim their CAKE rewards that they earned on their deposited PancakeSwap LPs on C.R.E.A.M. UI.
By using PancakeSwap LPs as collateral, depositors can earn supply interest while earning CAKE rewards and LP trading fees. Please note that CAKE earnings will vary based on utilization rate, as borrowed PancakeSwap LPs leave our platform and cannot earn CAKE rewards.
Collateral Factor (LTV) for PancakeSwap LP tokens range from 50%-75%. See asset details here.
C.R.E.A.M. on BSC now supports BTC, ETH, BNB, BUSD, USDT, LINK, XRP, BCH, LTC, DOT, CREAM, ADA, BAND, EOS, DAI, XTZ, FIL, YFI, UNI, ATOM, USDC, ALPHA, TWT, XVS, CAKE, BAT, VAI, AUTO, renBTC, renZEC, BETH, IOTX, SXP, SUSHI, PancakeSwap LP Tokens.
As always, thank you to our community and partners for continuing to support our efforts to expand and innovate in the DeFi landscape. If you want to get involved, you can join us on Discord, follow us on Twitter, or visit us at cream.finance.
C.R.E.A.M. DAO
Crypto Rules Everything Around Me, C.R.E.A.M.