Buy Back CREAM

Summary

This proposal suggests buying back CREAM with protocol reserve of Cream Swap (approx. $24,933 in USD). This is one of the efficient and fair way to distribute protocol gains among CREAM hodler.

For: Buy back CREAM and burn Against: Do nothing

Specification

Cream Swap swap fee is set at 0.025%, and all the swap fees go to protocol reserve. At the time of drafting this proposal, the total reserve from swap fee is $24,933 (approx. in USD)

You can see the v1 reserve pool contract here.

• USDC: $4,587
• yUSD: $4,274
• cyUSD: $2,572
• crYYCRV: $2,114
• wETH: $1,893
• UNI: $1,711
• crYETH: $1,000
• FARM: $63

You can see the v2 reserve pool contract here. SWAG/USDC, SWAG/CREAM and SWAG/CREAM 80/20

• SWAG: $5,675
• USDC: $1,040
• CREAM: $4

The plan is to buy back CREAM with the reserve and send those CREAM tokens to 0xDEAD.