CREAM Cream Finance
Source: CREAMUSD Chart by TradingView
C.R.E.A.M. Finance is a decentralized lending protocol for individual and institutional access to financial services. It is a permissionless and blockchain agnostic protocol existing on Ethereum, Binance Smart Chain and Fantom.
The CREAM token allows users to lend, borrow, stake or swap assets and help govern the network, allowing them to vote on assets to support or delist.
DeFi tool Cream Finance hit for over $18 million. Suffers second hack in six months
The hacked DeFi lending protocol already suffered a bigger exploit in February this year.
Crypto entrepreneur Jeff Huang allegedly stole 22,000 ETH, ran over 10 failed projects
Jeff Huang, also known as Machi Big Brother, has been linked to the theft of 22,000 ETH, which is equivalent to $24.2 million, as well over ten failed cryptocurrency projects.
Fantom is now the third largest DeFi chain by total value locked (TVL)
Fantom has usurped Binance Smart Chain and is now the third largest DeFi chain, with the rise of its TVL.
The biggest security breaches of 2021
When the safety of a DeFi protocol is concerned, it is good to use other tried and tested projects’ codebase.
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