# Proposal: Whitelist C.R.E.A.M Finance Plus 200K BNT Co-Investment Limit (Attempt #2) **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [May 29, 2021, 8:27am UTC](https://gov.bancor.network/t/proposal-whitelist-c-r-e-a-m-finance-plus-200k-bnt-co-investment-limit-attempt-2/2262 "2021-05-29T08:27:09Z")\ **Posts on this page:** 5\ **Page:** 1
**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:** [May 29, 2021, 8:27am UTC](https://gov.bancor.network/t/proposal-whitelist-c-r-e-a-m-finance-plus-200k-bnt-co-investment-limit-attempt-2/2262/1 "2021-05-29T08:27:09Z")
## This proposal is expected to appear on Snapshot for voting on 2021-05-31T16:00:00Z. # TL;DR - Proposal to whitelist CREAM. - Proposed co-investment is 200K BNT. - There are no apparent security concerns that would prohibit whitelist status. - CREAM is a well established DeFi lending platform . ### Token Address: [0x2ba592f78db6436527729929aaf6c908497cb200](https://etherscan.io/address/0x2ba592f78db6436527729929aaf6c908497cb200) ### Project Website: [cream.finance](https://cream.finance/) # Token Security CREAM does not have an elastic supply or rebase mechanism. The CREAM project received [technical and security guidance](https://medium.com/cream-finance/team-vesting-extended-new-multisig-holders-a30c9d3c86e6) at launch from Compound Finance. The [token contract](https://etherscan.io/address/0x2ba592f78db6436527729929aaf6c908497cb200#code) is a fork of the Compound.finance [comp token](https://github.com/compound-finance/compound-protocol/blob/master/contracts/Governance/Comp.sol) that has been audited by [OpenZeppelin](https://blog.openzeppelin.com/compound-alpha-governance-system-audit/) and [Trail of Bits](https://github.com/trailofbits/publications/blob/master/reviews/compound-governance.pdf). Cream has a 9,000,000 fixed supply of which 703,756 are [circulating](https://www.coingecko.com/en/coins/cream). The contracts and addresses with the highest concentration of CREAM tokens are held by the CREAM team (rank 3) and a [Multisig Wallet](https://medium.com/cream-finance/cream-token-and-protocol-plans-d44bed69710c) (rank 2). The [Gnosis Multisig Wallet](https://gnosis-safe.io/app/#/safes/0x6d5a7597896a703fe8c85775b23395a48f971305/balances) also controls most of the smart contracts on CREAM. A large number of CREAM tokens were [burned](https://medium.com/cream-finance/cream-tokens-burned-62ea872bd7d3) (rank 1) after discussions within the CREAM community. The tokens that were burned had been set aside for [governance or for seed investors](https://medium.com/cream-finance/67-5-6m-cream-token-burn-tomorrow-15d00fa28fee). The other major holders of CREAM tokens are those which are locked in the CREAM platform for staking purposes (rank 4, 6, 7, 1) or are being supplied to CREAM to use as collateral for lending/borrowing (rank 5, 9, 10). ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/173e36229760c67dcd4b61a388a0e10fbd8c46c2.png) # Project C.R.E.A.M. Finance is a decentralized lending protocol for individuals and protocols to access financial services. The protocol is permissionless, transparent, and non-custodial. Currently, C.R.E.A.M. is live on Ethereum, Binance Smart Chain, and Fantom. C.R.E.A.M. Finance’s smart contract money markets are focused on longtail assets – with the goal of increasing capital efficiency for all assets in crypto markets. Users are able to lend any supported assets on our markets, and use the provided capital as collateral to borrow another supported asset. C.R.E.A.M. offers a wide range of tokens on our money markets, including: stablecoins (USDT, USDC, BUSD); interest-bearing stablecoins (yCRV, yyCRV); defi tokens (YFI, SUSHI, CREAM, CREAM); LP-tokens (USDC-ETH SLP, WBTC-ETH SLP); and other cryptocurrencies (ETH, LINK). This list is not exhaustive. # Tokenomics Cream.finance started with no CREAM premine. The [breakdown](https://medium.com/cream-finance/cream-token-and-protocol-plans-d44bed69710c) of the original 9,000,000 CREAM tokens was as follows: 10%, 900,000 — Team\*, vesting over 2 years, 6 month cliff. 10%, 900,000 — Seed, vesting over 2 years, 6 month cliff. 20%, 1,800,000 — Liquidity Provider Incentive 60%, 5,400,000 — Governance Allocation \*25% of the team allocation, 225,000 CREAM, was allocated to their technical and security advisor Compound Finance. The CREAM token provides holders with the ability to participate in governance. Additionally, the C.R.E.A.M platform also offers holders the ability to stake CREAM for a fixed period of time (1 year, 2 year, 3 year, or 4 years) in return for earning more CREAM at then end of their lock. # Community and Communication The CREAM team operates an official [Twitter](https://twitter.com/CreamdotFinance) and [Medium](https://creamdotfinance.medium.com/) account. The repositories for their code is hosted on [GitHub](https://github.com/CreamFi). There is a governance [Forum](https://forum.cream.finance/), [Telegram](https://t.me/CreamdotFinance), and [Discord](https://discord.com/invite/8Ms25mV) that’s also available to their community. The official documentation is hosted on [GitBook](https://docs.cream.finance/). The C.R.E.A.M team is non anonymous and most of them have public profiles: Co-Founder: Leo Cheng ([Twitter](https://twitter.com/leokcheng)) Tech Lead: Jeremy Yang ([Twitter](https://twitter.com/JeremyYangHD)) Developer: Bun Hsu ([Twitter](https://twitter.com/bun919tw)) Stanley Ding ([Twitter](https://twitter.com/stanley_exists)) Sonic Jhan ([Twitter](https://twitter.com/jsying13)) Product Manager: Eason Wu ([Twitter](https://twitter.com/eason_cream)) A full list of team members is located in their [docs](https://docs.cream.finance/about). # Available Audits [Trail of Bits](https://medium.com/cream-finance/trailofbits-audit-202101-en-291bdb904d32) completed an Audit of C.R.E.A.M. v1, v2, and Iron Bank. Report is available on [GitHub](https://github.com/trailofbits/publications/blob/master/reviews/CREAMSummary.pdf). # Market and Trading Data - CREAM price at the time of writing is $115.62 - All-time high: $374.75 (Feb 04, 2021) - All-time low: $9.36 (Aug 07, 2020) - Price 90 days ago: $114.02 - 703,756 tokens in circulation - 2,924,547 maximum supply. - The current market capitalization is $85,496,455 - Token Fully Diluted market Capitalization is around $338,142,402 - The CREAM token is available on Binance. - The highest 24-hour spot volume on CEX is on Binance around $1.7M and on DEX $900K on Sushiswap. ---
**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:** [May 29, 2021, 8:30am UTC](https://gov.bancor.network/t/proposal-whitelist-c-r-e-a-m-finance-plus-200k-bnt-co-investment-limit-attempt-2/2262/2 "2021-05-29T08:30:01Z")
First attempt is here: > [@Proposal: Whitelist C.R.E.A.M Finance Plus 400K BNT Co-Investment Limit](https://gov.bancor.network/t/proposal-whitelist-c-r-e-a-m-finance-plus-400k-bnt-co-investment-limit/1898): > > This proposal is expected to appear on Snapshot for voting on May 3rd 2021 at 12:00 pm UTC. TL;DR Proposal to whitelist CREAM. Proposed co-investment is 400K BNT. There are no apparent security concerns that would prohibit whitelist status. CREAM is a well established DeFi lending platform . Token Address: [0x2ba592f78db6436527729929aaf6c908497cb200](https://etherscan.io/address/0x2ba592f78db6436527729929aaf6c908497cb200)Project Website: [cream.finance](https://cream.finance/)Token Security CREAM does not have an elastic supply or rebase mechanism. The CREAM project received [technica…](https://medium.com/cream-finance/team-vesting-extended-new-multisig-holders-a30c9d3c86e6) ---
**Author:** ![Ceazor](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/ceazor/32/965_2.png) [@Ceazor](https://gov.bancor.network/u/Ceazor)\ **Post date:** [May 31, 2021, 3:44am UTC](https://gov.bancor.network/t/proposal-whitelist-c-r-e-a-m-finance-plus-200k-bnt-co-investment-limit-attempt-2/2262/3 "2021-05-31T03:44:21Z")
Go go Glenn! You have my support as small as it may be. ---
**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:** [May 31, 2021, 4:11am UTC](https://gov.bancor.network/t/proposal-whitelist-c-r-e-a-m-finance-plus-200k-bnt-co-investment-limit-attempt-2/2262/4 "2021-05-31T04:11:40Z")
Hi Ceazor, Welcome to the forums. Appreciate the support and I am very hopeful that the Bancor community will pass this proposal in the next few days. Thanks! ---
**Author:** ![Avi\_K](https://avatars.discourse-cdn.com/v4/letter/a/eb9ed0/32.png) [@Avi\_K](https://gov.bancor.network/u/Avi_K)\ **Post date:** [June 3, 2021, 4:19pm UTC](https://gov.bancor.network/t/proposal-whitelist-c-r-e-a-m-finance-plus-200k-bnt-co-investment-limit-attempt-2/2262/5 "2021-06-03T16:19:53Z")