Episode 68: CREAM DeFi (CREAM) YFI and the Iron Bank with Leo Cheng

MikoBits Blockchain NFT and DeFi show

What problem does CREAM solve?

I think capital efficiency is really the summary of it all. I know, it's very, very broad, like, what the heck does that mean? I think that we're serving the general needs of the DeFi marketplace. So we come at this from the angle of a DeFi user. And you know, really, the genesis of all this is like, we as DeFi users on a team are like, Hey, you know, this whole DeFi summer is great, we're using these things. But why isn't there XYZ in there? Why is why isn't their z, the stuff should exist. And we finally just said, You know what, we should just build it ourselves. So that's really been the kind of guiding light, let's help our users be capital efficient. Let's help our DeFi users get the things they want. That makes sense. And roughly that led to a debt market structure that we have today with other kinds of products that we could talk about later.