{"id":137588,"date":"2021-09-02T14:01:16","date_gmt":"2021-09-02T14:01:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=137588"},"modified":"2021-09-02T14:01:16","modified_gmt":"2021-09-02T14:01:16","slug":"%e2%80%8b%e2%80%8bcream-finance-will-integrate-with-polkadot-blockchain-using-moonbeam","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/%e2%80%8b%e2%80%8bcream-finance-will-integrate-with-polkadot-blockchain-using-moonbeam\/","title":{"rendered":"\u200b\u200bCream Finance will integrate with Polkadot blockchain using Moonbeam"},"content":{"rendered":"<p>Decentralized finance project \u200b\u200bCream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot.\u00a0<\/p>\n<p>In a Thursday announcement, the Moonbeam network said Cream Finance would be integrating with its ecosystem starting with its parachain on Kusama, Moonriver, and then on Polkadot. Kusama and Polkadot users will be able to use Cream\u2019s services to deposit digital assets as collateral or lend them out. <\/p>\n<p>\u201cLending and borrowing protocols lie at the heart of a productive DeFi ecosystem,\u201d said Moonbeam founder Derek Yoo. \u201cThe integration not only provides a critical capability to the growing DeFi ecosystem on Moonbeam, it also provides builders on Moonbeam with a critical building block for creating new Polkadot-based DeFi applications.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Equilibrium\u2019s Polkadot-native stablecoin will integrate with Moonbeam<\/em><\/strong><\/p>\n<p>The number of options for decentralized finance, or DeFi, projects building on Moonbeam through Kusama or Polkadot have grown in recent months as many protocols announced integrations with the platform. Projects include cross-chain lending protocol Equilibrium, Ocean Protocol, SushiSwap, Balancer, IDEX, and others.<\/p>\n<p>Cream Finance was recently the target of a major hack, in which an attacker used a flash loan exploit to steal $18.8 million. According to the project, it has more than $1 billion in total value locked on the platform.<\/p>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/cream-finance-will-integrate-with-polkadot-blockchain-using-moonbeam\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decentralized finance project \u200b\u200bCream Finance will bring<\/p>\n","protected":false},"author":3,"featured_media":137587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u200b\u200bCream Finance will integrate with Polkadot blockchain using Moonbeam - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/\u200b\u200bcream-finance-will-integrate-with-polkadot-blockchain-using-moonbeam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u200b\u200bCream Finance will integrate with Polkadot blockchain using Moonbeam - 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