Propose to add C.R.E.A.M. Finance (CREAM) into yVault to create CREAM Vault (Rematch).
C.R.E.A.M. Finance has quickly become a useful lego piece to DeFi, providing additional liquidity, leverage options, and yield for DeFi-relevant tokens such as YFI, yCRV, yyCRV, yETH, CRV, LEND, LINK, COMP, BAL, renBTC, USDC, USDT, ETH, BUSD, MTA, SUSHI, FTT with more coming up on the roadmap. Many of these tokens have become yieldfarming seed tokens, with potential for yield.
Since the last, contentious vote, the liquidity crunch issue has been solved with an incentive adjustment. As of the time of this post, there is $3.08M worth of $CREAM tokens available for users to borrow and withdraw. Additionally, C.R.E.A.M. has since added yyCRV ($19.21M TVL) and yETH ($21.07M TVL) markets, providing additional liquidity for the yearn community. As of the time of this post, C.R.E.A.M. is a staunch supporter of the yearn.finance community and actively serves the needs of this community. Finally, $CREAM collateral factor has increased from the time of the last proposal, enabling additional strategies to generate yield.
Possible Strategies - CREAM Vault would accept CREAM deposits and use this liquidity in a few ways, including using CREAM as collateral to directly farm other tokens (similar to SHRIMP), or for borrowing seed tokens to farm other tokens (SUSHI, YFV, FARM). Any yield earned above the debt is sold for CREAM and returned to the vault, increasing yield in CREAM.
CREAM has become a part of the YFI ecosystem through the StrategyCreamYFI v1 VAULT strategy. Through CREAM Vault, this would create sustainable yield for both YFI and CREAM.
Standard fees apply (0.5% withdrawal and 5% performance)
For: Add CREAM to yVault to create CREAM Vault, ensuring sustainable yield for both YFI and CREAM.
Against: Don’t add CREAM Vault.