Propose to add C.R.E.A.M. Finance (CREAM) into yVault to create yCREAM Delegated Vault.
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, CRV, LEND, LINK, COMP, BAL, renBTC, USDC, USDT, ETH, BUSD with more coming up on the roadmap. Many of these tokens have become yieldfarming seed tokens, with potential for 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 (similar to YFV). 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, and is also part of the proposed yRenBTC Delegated Vault strategy. Through CREAM Vault, this would create sustainable yield for both YFI and CREAM.
Standard fees apply (0.5% withdrawal and 5% performance)
Add CREAM to yVault to create CREAM Vault, ensuring sustainable yield for both YFI and CREAM.
Don’t add CREAM Vault