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BalancerBalancerby0xcc6A949DB9b26a7173648d50Cf7C55e800E6585B0xcc6A…585B

Proposal: Increase CREAM from cap1 to cap2

Voting ended over 5 years agoSucceeded

This proposal is also on Balancer's forum.

Summary

Based on the whitelisting process, this is a proposal to increase CREAM capFactor from cap1 to cap2 ($1M -> $3M).

The Proposal

This is a proposal to increase the CREAM cap tier from cap1 to cap2. CREAM balancer pool currently has almost $3M in liquidity, and has produced over $700k in lifetime trading fees on Balancer.

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

C.R.E.A.M. Finance is a blockchain agnostic, decentralized peer to peer lending platform based on a fork of Compound Finance. C.R.E.A.M. bridges liquidity across underserved assets by providing algorithmic money markets to these underserved assets. Users can supply any supported assets and use these supplied assets as collateral to borrow any other supported assets. C.R.E.A.M. has launched on Ethereum, and will soon be available on the Binance Smart Chain.

Off-Chain Vote

Increase CREAM cap to $3M
4.98K 10.2%
Keep CREAM cap at $1M
43.84K 89.8%
Download mobile app to vote

Timeline

Oct 17, 2020Proposal created
Oct 17, 2020Proposal vote started
Oct 18, 2020Proposal vote ended
Jan 23, 2024Proposal updated