We have listed RAI on the C.R.E.A.M. Ethereum platform. Users can now supply and borrow RAI at app.cream.finance.
Proposal from C.R.E.A.M. DAO has passed. Please see the discussion here.
43.05k CREAM voted for ‘FOR’
7.81k CREAM voted for ‘AGAINST’
CREAM token holders voted in favor of adding a RAI market on C.R.E.A.M., with 43.05k yes votes. Collateral factor for RAI is 0%, meaning users can deposit RAI but cannot use RAI as collateral to borrow other assets until the collateral ratio is increased through a governance vote.
Creating a RAI market allows token holders to stay long on RAI while getting leverage on the asset itself, once a collateral ratio greater than 0 is voted in. For those who want to short RAI, this allows a capital efficient way to do so.
C.R.E.A.M. DAO
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