By proxy and an Unofficial re-launch, C.R.E.A.M finance has revealed the debuting of a new feature, Iron bank. It is created for undercollaterialized loans and flash. Also, it is a protocol-protocol leading platform.
C.R.E.A.M is a money market that is designed to cover assets that are underserved and which permit fir higher capital efficiency is a decentralized finance (DeFi) power users, listing assets such as Liquidity pool tokens and Yearn vault token. C.R.E.A.M has also be described as ‘the yolp-est compound fork’ by the CEO Leo Cheng.
“We’re adding assets that people want to have, but others may be scared of,” said Cheng.
Iron Bank is, in many ways, an extreme implementation of that ethos. The protocol, which allows for undercollateralized protocol-to-protocol lending, is meant to serve as DeFi’s equivalent of the $10 trillion corporate debt industry, allowing the principle of “corporate credit” to function between whitelisted protocols.