List HBTC as Collateral Asset

Summary: C.R.E.A.M is a welcomed decentralized lending platform which minimizes consumer effort and maximizes risk management for users. To expand H-Tokens’ scenarios, we are willing to work with C.R.E.A.M to make H-tokens available anytime and everywhere by firstly listing HBTC (Huobi BTC) and (Huobi Filecoin) on C.R.E.A.M.

For: List HBTC as a collateral asset Against: Do nothing

Basic Facts of HBTC: Launched by: Huobi DeFi Labs

Backed by:

• HBTC is backed by BTC in 1:1 ratio

Date of Issuance：

• HBTC > Feb.2020

  Announcement: Official Launch Of Huobi BTC (HBTC) On Ethereum Network

Smart Contract:

• HBTC > 0x0316EB71485b0Ab14103307bf65a021042c6d380

Custodian Contract:

• HBTC > 36KAwNUR8VeLpUfGwdk7LEN6F4yvoRWMjn and > 31rggRJ3iB8GE8yxTNa28pXhd24GbCQK3T

Audited by: Slow Mist

Introduction of H-Tokens (HBTC) H-token series are a suite of assets issued on Ethereum and backed by cryptocurrencies from other blockchains to bring more digital assets to the Ethereum DeFi ecosystem. The issuance of the H-Tokens will allow more users in the crypto world to benefit from DeFi, accelerate the development of the Ethereum DeFi ecosystem, and promote the growth of Ethereum-based assets. HBTC has enabled BTC and FIL users to seamlessly access Ethereum DeFi protocols such as Uniswap, Curve, Nest, CoFix, ForTube and more. And its growing use cases prove that the value has been recognized by the market.

Use Cases (examples):

1. HBTC pool is available on Curve since Sep 10th and liquidity providers can then deposit HBTC there to earn trading fee reward and CRV reward. HBTC on Curve

How to Get H-Tokens (HBTC)? To meet users' fast exchange of H-Tokens, Huobi Global will take the lead in supporting H-series. Users can choose HBTC (or other H-Tokens like HFIL) when withdrawing their BTC (or other original asset like FIL) a) Buy, deposit or get BTC through trading and save it in the Exchange account on Huobi Global b) Select BTC (or other original asset e.g. FIL) - Withdraw - HBTC (or other H-Tokens e.g. HFIL) in the Exchange account c) Enter the address and amount for withdrawal and click "Withdraw" Please read this article for A Step by Step Guide: HBTC Withdrawal Guide

Our Strengths: A World Class Security System

• Secure and reliable class services
• Six years of experience in digital asset services
• Decentralized structure and anti-DDOS protection system

Local Operation Teams Across the Globe

• Global Ecological Layout
• Local trading service centers in many countries around the world
• Blockchain ecosystem featuring integration of multiple business forms

Remodeling the Crypto Exchange

• Users first
• Develop compensation first system
• Develop User Protection Fund

Benefits for C.R.E.A.M: Huobi Group has maintained more than 15 million users in the world, and H-Tokens like HBTC play the key roles to bridge the BTC and FILECOIN users to Ethereum ecology in participating the DeFi activities. And as witnessed, market needs of HBTC jump sharply. Thus, having HBTC listed on C.R.E.A.M would surely introduce quite a decent amount of liquidity to C.R.E.A.M and to benefit the growth of C.R.E.A.M. Let's hold hands to achieve DeFi ecological prosperity.

Key Data of Htokens (HBTC): Dashboard: https://www.htokens.finance/en-us/assets Coingecko: https://www.coingecko.com/en/coins/huobi-btc Coinmarketcap: https://coinmarketcap.com/currencies/huobi-btc/

Cheers!!

-----contents above are drafted by Blockchen----- Discussion link: https://forum.cream.finance/t/proposal-list-hbtc-and-hfil-as-collateral-assets/123