DeFi News

Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network

Decentralized lending platform Cream Finance officially announced that it would combine with Polygon to launch its money markets on the Ethereum layer 2 scaling solution Polygon network.

The integration with Polygon will help Cream Finance users to enter and trade in different markets with faster transaction speed and lower gas fees.

According to official reports, users will be able to lend and borrow the following ten tokens in the smart contract currency market of Cream Finance, including digital assets USDC, USDT, DAI, WMATIC, WETH, WBTC, LINK, SUSHI, CRV, QUICK.

Cream Finance is a blockchain-agnostic and decentralized peer-to-peer lending platform based on the Ethereum network by providing an algorithmic money market for underserved assets through a fork of Compound Finance Cream liquidity bridge.

According to DeFi Pulse data, Cream Finance ranks as the 15th largest DeFi protocol, with a total locked value of $658.4 million. 

Cream Finance is not the only Defi Protocols cooperating with Polygon. As early as June of this year, 0x Project officially announced that its API is officially integrated with Polygon (previously known as the Matic network). The launch of the DEX liquidity API aims to expand this vibrant ecosystem-polygon, which is based on the liquidity of aggregation of various DeFi protocols.

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