List 1INCH as Collateral Asset

Summary

List 1INCH as collateral asset for supplying and borrowing.

For : List 1INCH as collateral asset Against : Do nothing

Background

1inch released 1INCH governance token recently. With the new 1INCH token, 1inch Network will now be governed by a DAO.

• Market Cap: 75M
• Max Supply: 1.5B

Motivation

Listing 1INCH is a good idea to increase TVL of C.R.E.A.M. Finance under quite low risk, for 1INCH is issued by one of the biggest DEX 1inch. By listing 1INCH, users of C.R.E.A.M. Finance are enable to leverage it.

Even 1INCH is a relatively new token, its market cap and trade volume are still huge, which would makes it easy for liquidators to liquidate and sell, mitigating the risk of the lending protocol.

Thus, for the greater good of the protocol, we should list 1INCH and enable it for leveraging

Discussion link: https://forum.cream.finance/t/list-1inch-as-collateral-asset/325