Is one of the first projects to develop Lending array on Binance Smart Chain and is expanding on Ethereum. Cream – the project that supports Lending in the long-tail asset segment is now available on the Fantom Blockchain platform.
Announcement from the project
Recently, the Cream project has announced that this platform is officially available on Fantom, you can visit the project’s official page. here, click on Fantom to see detailed information. Cream users can now experience borrowing and lending at extremely fast speeds with low fees on the Fantom platform.
Currently, CREAM is supporting 19 tokens on the Fantom platform, including:
wFTM, CREAM, WETH, wBTC, DAI, USDC, YFI, SUSHI, AAVE, CRV, BAND, KP3R, sUSD, COVER, HEGIC, LINK, SNX, SFI, FRAX.
You can check the list of mortgaged properties here.
After 1 day of launch, there are more than $50,000 TVL on Fantom platform locked on CREAM.
About Fantom
Fantom is a stable Smart Contract platform, using aBFT consensus mechanism, Lachesis, allowing Fantom to operate with high processing speed, low transaction fees, surpassing the limits of other Blockchain Platforms. is an open source, decentralized platform that allows anyone to easily develop on Fantom.
Read more: Fantom – Solution to reduce Gas ETH fee to $0.00001
How to use CREAM on Fantom
To enhance the user experience, Cream uses the same UI/UX for the Fantom platform as it does on Binance Smart Chain and Ethereum. Users who have used Cream can get started with the Fantom platform easily.
Please note, before you start lending and borrowing on Fantom, you must need FTM tokens to pay fees, FTM is the native token of the Fantom platform.
Instructions for connecting Fantom on Metamask
Fantom is a platform that uses EVM technology, which means you can use an Ethereum wallet address to transact on Fantom. If you are using Metamask wallet, you just need to customize Fantom’s RPC. To add Fantom network to Metamask, follow these steps:
- Go to Metamask, select “Settings and Networks“, choose “Add Network“.
- Fill in the following information:
- RPC: https://rpcapi.fantom.network
- Chain ID: 250
- Symbol: FTM
- Explorer: https://ftmscan.com
Epilogue
With the product launch on Fantom, CREAM is approaching a very potential ecosystem.
According to the page’s statistics Stakingrewards, currently has nearly $700 M FTM being staking, and the Fantom platform also allows minting sFTM from those Staking FTMs. Users can completely bring sFTM to provide liquidity on CREAM to earn more profits.
At the same time, the DeFi ecosystem on Fantom is also growing, as Fantom is constantly inviting projects from Ethereum to switch. And CREAM, with the advantage of being one of the leading projects in the Lending segment on Fantom, can capture this piece of cake?
Overall, the CREAM project is clearly doing very well in the DeFi World. What do you think about the expansion of CREAM to Fantom this time? Please comment your opinion in the comment section to exchange and discuss.
Original link about the announcement, see more here.
Source: Detailed instructions for using CREAM on Fantom
– TechtipsnReview
