Decentralized finance project Cream has been the subject of much attention in the past few weeks. Its native token, fittingly named CREAM, is up 40 percent in the past 24 hours alone.<\/p>\n
Cream<\/a> is a money market project forked from Compound. The project garnered traction during DeFi summer after it released a yield farming system for its native token CREAM. It quickly became subject to some backlash, though, as there were investors that were criticizing the project's addition of questionable cryptocurrencies.<\/p>\n The project has since been absorbed into the Yearn.finance<\/a> (YFI) ecosystem, which has given it renewed buying pressure and renewed development activity.<\/p>\n Cream has been in somewhat of a lull since the summer. The protocol's total locked value dropped after CREAM incentives ended to some extent and as the fears spread about the project's involvement of questionable cryptocurrencies.<\/p>\n Yet this is changing as Cream developers have introduced a new product called The Iron Bank.<\/p>\n According to a blog post announcing this new update<\/a>, The Iron Bank is a segment of the Cream protocol that will basically lend capital to protocols on a whitelist basis. What makes this different than normal lending protocols is that loans can be taken without directly putting up capital, allowing for more capital efficiency.<\/p>\n “As protocols replace enterprises, the new face of corporate credit will be protocol-to-protocol lending, which could one day far oustrip DeFi peer-to-peer lending just as corporate lending markets far surpass peer-to-peer markets. This is why we launched the Iron Bank: we believe protocol-to-protocol lending will one day be a multi-trillion dollar market.”<\/p><\/blockquote>\n Introducing The Iron\u00a0Bank ?<\/p>\n – Zero collateral, protocol-to-protocol lending platform and liquidity backstop for the entire #DeFi<\/a> ecosystem Read more ?https:\/\/t.co\/L9mDv1odjI<\/a><\/p>\n — Cream Finance ? (@CreamdotFinance) January 14, 2021<\/a><\/p><\/blockquote>\nCream Introduces the Iron Bank<\/h2>\n
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– Launch Partners: Alpha Homora V2 @AlphaFinanceLab<\/a> & Yearn v2 leveraged vaults @iearnfinance<\/a> <\/p>\n