Cream Finance (CREAM)$CREAM is a decentralized finance (DeFi) lending and borrowing platform.
It allows users to lend, borrow, and earn interest on cryptocurrencies without a traditional bank.
The CREAM token is mainly used for governance and staking within the platform.
The project gained popularity during the DeFi boom in 2020–2021.
However, Cream Finance suffered multiple security breaches in the past.
In October 2021, the platform lost approximately $130 million in a major flash loan attack.
These hacks significantly damaged investor confidence in the project.
Trading activity for CREAM/USDT has remained volatile with sudden price spikes.
Due to low liquidity and performance concerns, Binance announced the delisting of CREAM.#cream
The delisting announcement negatively impacted market sentiment.
CREAM’s all-time high was above $200 during the DeFi peak.
Currently, it is considered a high-risk, low-market-cap cryptocurrency.
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