Cream Finance Elaborates on Capital Efficient Lending Products on Binance Smart Chain

New plans to optimize capital efficiency lending are revealed as Cream FInance joined BSC News to discuss its lending and borrowing ecosystem.

Efficient Lending

Iron Bank-like features’ are coming to Binance Smart Chain (BSC), according to Cream Finance Co-Founder, Leo Cheng. The Co-Founder also underlined an appetite to add markets that are ‘useful to the play-to-earn community’.

Cheng, who is also the Project Lead, spoke to BSC.News in a livestream that aired on the 26th of August via the official BSC.News YouTube channel. The stream was educational and chalked full of excitement to come.

“We’re definitely looking at pushing more into the NFT play-to-earn metaverse type markets, along with token listings, communications, and co-marketing,” Cheng explained. “[There are] other ideas in the works that are probably more de-gen and less tested.” 

The GameFi and Non-Fungible Token (NFT) play-to-earn metaverse is the hot topic of DeFi at the moment. Cream’s co-founder spelled out some tactics his team will use to make their name in the growing space. The randomness of success in NFTs has been hard to peg, but Cream appears to be taking a hard-nosed approach toward capability and use-case.


Efficient and Safe

Cheng spoke of his team’s efforts to maximize capital efficiency on BSC. He explained how this led them to utilize their BNB to become a validator on BSC. This gave a benefit to users without work needed on their end.

Being a validator allowed them to promote more capital efficiency and provide yield and value to users. ‘Boosted Savings’ was the term they used to refer to their initiative in a Medium announcement from late July.  

“We’re trying to drive capital efficiency and we also want to make sure we’re good stewards and citizens of the chains we participate in,” Cheng stated in the interview

This notion of being ‘good stewards’ is prevalent in Cream Finance’s innovation. 

The Co-Founder elaborated on how innovation requires his team to push the boundaries and explore the edges of capital efficiency, but this line of work requires discipline. 

Although you want to build what everybody is after, you need to be conscious of safety and security, especially when personal assets are involved. 


Independent Validators

Interestingly, Cheng also touched on the kind of rumors that often portray Binance’s CEO, Changpeng Zhao  (CZ), as having a hands-on role in decisions validators make. 

“I think the rumors are unsubstantiated, as most rumors are,” Cream’s Co-Founder stated.

Cheng tried to dispel previous notions and underline the fact that they just run the node and nobody is on the sideline interfering with decisions they undertake. This kind of independence and assuredness is key to making the type of innovation Cream strives for achievable. 

We will be following closely to see how Cream Finance begins to tap into play-to-earn markets and how they deploy these aforementioned ‘Iron Bank-like features.’

What is Iron Bank?

Cream describes Iron Bank as a paradigm-shifting protocol-to-protocol lending platform and liquidity backstop for the entire DeFi ecosystem. Existing money markets like Cream v1 are peer-to-peer. In traditional finance, the peer-to-peer lending market size is around $70 billion in outstanding loans.

What is C.R.E.A.M. Finance?

Cream Finance describes itself as a decentralized lending protocol for individuals, institutions, and protocols to financial services. Part of the Yearn Finance ecosystem, Cream Finance is a permissionless, open-source, and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain, Polygon, and Fantom. 

Users who passively hold Ether or wBTC can deposit their assets on Cream to earn yield, similar to a traditional savings account. 

Where to find C.R.E.A.M. Finance:

Website | Twitter | Medium |

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