# Onboarding BNT on CREAM (and other lending platforms)

**URL:** <https://gov.bancor.network/t/onboarding-bnt-on-cream-and-other-lending-platforms/2452>\
**Category:** Community Chatroom (DISCUSSION)\
**Created:** [June 21, 2021, 6:03am UTC](https://gov.bancor.network/t/onboarding-bnt-on-cream-and-other-lending-platforms/2452 "2021-06-21T06:03:58Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\
**Post date:** [June 21, 2021, 6:03am UTC](https://gov.bancor.network/t/onboarding-bnt-on-cream-and-other-lending-platforms/2452/1 "2021-06-21T06:03:58Z")

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I recently submitted the following proposal:

> **[Proposal: Add Bancor Network Token (BNT) as Collateral Asset with 60%...](https://forum.cream.finance/t/proposal-add-bancor-network-token-bnt-as-collateral-asset-with-60-collateral-factor/1777)**
>
> Summary Project website: Bancor BNT token contract address: 0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c Bancor is a Decentralized Exchange protocol on Ethereum and the inventor of automated-market makers (AMMs) on the blockchain. Bancor launched in...

to the CREAM DAO. Essentially, if the proposal passes then this will let BNT be onboarded as a collateral asset which can be used for lending and borrowing. I am not sure if we have any CREAM holders within our community but if you are then it would be great if you can vote/support the proposal when it goes on snapshot.

Assuming that this proposal passes then we should look at bringing up a similar proposal to the Aave DAO. @mbr, I remember you mentioning that that this was being worked on. Did we ever start this process (I can submit a similar proposal pending the conclusion of the CREAM onboarding if not, let me know)?

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**Author:** ![tenzent](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tenzent/32/1821_2.png) [@tenzent](https://gov.bancor.network/u/tenzent)\
**Post date:** [June 21, 2021, 8:21pm UTC](https://gov.bancor.network/t/onboarding-bnt-on-cream-and-other-lending-platforms/2452/2 "2021-06-21T20:21:04Z")

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Would be a really great addition to the ecosystem, voiced my support 👍

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**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\
**Post date:** [July 5, 2021, 6:12pm UTC](https://gov.bancor.network/t/onboarding-bnt-on-cream-and-other-lending-platforms/2452/3 "2021-07-05T18:12:56Z")

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Vote is on snapshot and is being voted on by their newly announce [listing committee](https://www.notion.so/C-R-E-A-M-Listing-Committee-15b06477e1bb43d192112ebc0f650bed). It requires 3 out of 5 members to support the proposal in order for it to pass:

[https://listing.cream.finance/#/cream-listing.eth/proposal/QmQ5QWgLrVute7zwnpCPizKc96nJiy1pgAfAYAGSSyjbn8](https://listing.cream.finance/#/cream-listing.eth/proposal/QmQ5QWgLrVute7zwnpCPizKc96nJiy1pgAfAYAGSSyjbn8)

We have 3 votes in favor at the moment.

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**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\
**Post date:** [July 5, 2021, 6:14pm UTC](https://gov.bancor.network/t/onboarding-bnt-on-cream-and-other-lending-platforms/2452/4 "2021-07-05T18:14:20Z")

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Looks like this has passed:

> <https://twitter.com/CreamdotFinance/status/1412106105224826886>
>
> Glenn @PrimalGlenn

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**Author:** ![tenzent](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tenzent/32/1821_2.png) [@tenzent](https://gov.bancor.network/u/tenzent)\
**Post date:** [July 5, 2021, 6:55pm UTC](https://gov.bancor.network/t/onboarding-bnt-on-cream-and-other-lending-platforms/2452/5 "2021-07-05T18:55:15Z")

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WOOT WOOT. This is our first decentralized lending onboard, good sht glenn.
