The body of high profile protocols that merged with or were taken by the Yearn.finance ecosystem at the end of last year. The aforementioned was mentioned by Cheng the Ceo of C.R.E.A.M and which he posited it was made with a touch of pride about the status of C.R.E.A.M as member of DeFi Voltron.
The practicalities of the integrations/mergers/collaborations between the protocols largely remain a mystery to outsiders, and as a recent rupture with Cover has demonstrated, the “mergers” are not always cast in stone. According to Cheng what began as a causal conversation about getting DeFi mastero Andre Conje involved in the project, instantly become a team level integration between Year and C.R.E.A.M.,
Cheng posited that one day it might be a “possibility” that all tokens under the Yearn banner merge to create a single, unified token.
“I’m not saying that’s where we’re headed, but I think it’s a possibility in the long run — I don’t know.”
C.R.E.A.M’s purpose in the Yearn DeFi Voltron machine is to be the one-stop all-things-lending solution, and as the Iron Bank proves, lending is a wide umbrella. While Iron Bank can be difficult to grasp conceptually, ultimately what it creates is simple capital efficiency, said Cheng.
“Look at the anatomy of a flash loan,” said Cheng.
A flash loan might interact with multiple protocols at once and trade between multiple assets, but Ethereum “doesn’t quite care, and it doesn’t quite see the borders with the smart contract projects.” They jump between protocols and assets in a “flash,” enabled by open liquidity.