{"id":48794,"date":"2021-09-02T19:42:34","date_gmt":"2021-09-02T16:42:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48794"},"modified":"2025-09-02T09:14:11","modified_gmt":"2025-09-02T06:14:11","slug":"cream-finance-defi-protocol-to-launch-on-polkadot-thanks-to-moonbeam-collaboration","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cream-finance-defi-protocol-to-launch-on-polkadot-thanks-to-moonbeam-collaboration\/","title":{"rendered":"Cream Finance DeFi protocol to launch on Polkadot thanks to Moonbeam collaboration"},"content":{"rendered":"<p>The Cream Finance decentralized protocol will be integrated with the Moonbeam smart-contracts platform on Polkadot. Users of the latter will be able to perform lending and borrowing operations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ <a href=\"https:\/\/twitter.com\/CreamdotFinance?ref_src=twsrc%5Etfw\">@CreamdotFinance<\/a> \ud83c\udf66 is coming to <a href=\"https:\/\/twitter.com\/Polkadot?ref_src=twsrc%5Etfw\">@Polkadot<\/a> via Moonbeam! This integration will \ud83d\ude80\u200b boost the Polkadot <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a> ecosystem by bringing lending &#038; borrowing protocol to <a href=\"https:\/\/twitter.com\/MoonriverNW?ref_src=twsrc%5Etfw\">@MoonriverNW<\/a> on <a href=\"https:\/\/twitter.com\/kusamanetwork?ref_src=twsrc%5Etfw\">@KusamaNetwork<\/a> and, soon, Moonbeam on <a href=\"https:\/\/twitter.com\/Polkadot?ref_src=twsrc%5Etfw\">@Polkadot<\/a>. <\/p>\n<p>Read more \ud83d\udc47\u200b<a href=\"https:\/\/t.co\/PCmDSTMN3C\">https:\/\/t.co\/PCmDSTMN3C<\/a><\/p>\n<p>\u2014 Moonbeam Network (@MoonbeamNetwork) <a href=\"https:\/\/twitter.com\/MoonbeamNetwork\/status\/1433432064636850187?ref_src=twsrc%5Etfw\">September 2, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the first phase, similar functionality will appear in the related Moonriver Network project on Kusama, and subsequently on Moonbeam on Polkadot.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cCredit and borrowing protocols lie at the core <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a>-ecosystem. The integration will provide Moonbeam developers with the most important building block for creating new decentralized finance applications on Polkadot.\u201d<\/em>, \u2014 said Moonbeam founder Derek Yoo.<\/p>\n<\/blockquote>\n<p>As a result, users will be able to hold Moonbeam and Moonriver tokens in Ethereum wallets and use them in the DeFi ecosystem of the second-largest cryptocurrency by market capitalization. In Polkadot, DeFi enthusiasts will gain access to assets from other parachains.<\/p>\n<p>Prior to Cream Finance, teams from projects such as Equilibrium, Ocean Protocol, SushiSwap, Balancer, IDEX announced the Moonbeam integration with the Ethereum-compatible platform.<\/p>\n<p>In 2021, this was the second hack on Cream Finance. In February, criminals exploited a bug in the Alpha Finance smart contract and <a href=\"https:\/\/forklog.com\/en\/news\/hacker-drains-37-5-million-from-cream-finance-defi-protocol\">stole tokens worth $37.5 million<\/a>.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cream Finance&#8217;s decentralized protocol will be integrated with Moonbeam on Polkadot, enabling lending and borrowing.<\/p>\n","protected":false},"author":1,"featured_media":48795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2101,1093,1461],"class_list":["post-48794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cream-finance","tag-defi","tag-polkadot-dot"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=48794"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48794\/revisions"}],"predecessor-version":[{"id":48796,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48794\/revisions\/48796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/48795"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=48794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=48794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=48794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}