Q1: How to switch between Ethereum and Binance Smart Chain/Fantom Lending page?
Change the supported network of your wallet and access https://app.cream.finance/.
Q2: What is
It’s the proof of your supplied asset on C.R.E.A.M. lending. You need to hold it in your wallet for withdrawing supplied assets. (ex: Supply CREAM, get crCREAM as IOU token)
Q3: What is
Net APY ?
That is the sum of your supply APY and borrow APY. It can also be used to check the APY status of your current supplying and borrowing.
Q4: When the interest of supply/borrow accumulate?
Per Block(~15secs) on Ethereum.
Q5: What’s the difference between the
Supply APY and
Distribution APY on supply modal?
Supply APYis the current interest APY of the asset when you supply, the interest accumulates in the units of the asset.
Distribution APYrepresents the additional reward APY in $Cream.
Q6: What’s the difference between the
Borrow APY and
Distribution APY on borrow modal?
Borrow APYshows the interest APY that you have to pay when you’re borrowing, the interest accumulates in the units of the asset.
Distribution APYrepresents the additional reward APY in $CREAM.
Reminder: As the asset approaches at high utilization(80%+), borrowers will pay higher interest rates. Please check our document for the interest rate model details.