Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
CREAM Finance
Cream Finance Builds a Compensation Plan After Encountering a Hack
Cream Finance is currently working on a refund process after hackers made away with $18 million. The DeFi protocol aims at compensating investors using 20% of its transaction fees. Cream also plans to clear the debt with Flexa Digital Payment and several AMP participants. How Did it Happen? On August 30, 2021, Peckshield discovered an exploit taking place at Cream Finance. According to the blockchain firm, the hack was successful because of a bug on the $AMP token. The hacker…
4 years ago
What is C.R.E.A.M. Finance, and how does it work?
If you were setting up your plate for another tedious DeFi protocol named after food, C.R.E.A.M. would leave you starving. Despite its appetizing name, this platform’s denomination stands for “Crypto Rules Everything Around Me,” and there is nothing dull about it. The developers could have easily called it “Copying Every Successful DeFi Protocol Around Me And Implementing It On My Platform.” The acronym would have been a bit more challenging to pronounce, but it would have been more accurate with…
5 years ago