New Asset Proposal: MM(Mushrooms Finance)

Summary

Mushrooms Finance is a crypto yield optimizer with focus on seeking sustainable profits in the DeFi universe via innovative products like auto portfolio-rebalancing tool MushMon.
Mushrooms Finance Vaults help you earn passive profit on crypto assets like WETH/WBTC/DAI/USDC, etc. For example, the earning strategies associated with the Vaults will automate your yield farming on Compound or Curve by auto-compounding the profit. Vaults earn in the denomination of whatever token you deposited.

For

Add MM as a market asset to allow supply and borrow

Against

No Nothing

Motivation

  • Why is it important to be listed on C.R.E.A.M. money market

Listing on Cream Finance for MM token would help Mushrooms community to utilize industry-leading lending facilities to gain exposure to more advanced earning opportunities like never before. Mushrooms community could make best use of Cream platform tailored to their own risk profiles in addition to current staking & borrowing choices.

  • Benefits for C.R.E.A.M.

If MM is listed on C.R.E.A.M market, we believe it will provide more diversity for the protocol to leverage good-quality DeFi active assets and bring in fresh blood from Mushrooms community across multiple chains like Fantom/BSC/Polygon.

Asset Details

  • Coingecko token link:
  • C.R.E.A.M. money to list asset (select all that apply): ETH V1

  • Links to Dex liquidity pool on respective chain:

ETH:

MM-USDC UNISWAP LP
MM-ETH UNISWAP LP
MM-ETH SUSHISWAP LP
MM-KP3R SUSHISWAP LP

BSC:

MM-BNB PANCAKE LP

FTM:

MM-FTM Spooky LP
MM-FTM Spirit LP

Polygon

MM-MUST Comethswap LP
MM-WMATIC on Quickswap

Other details

  • Does it comply with ERC20? Yes

  • What is the asset used for?

MM token is currently served as our governance token and we also share protocol revenue with all MM staked in our staking pool. In the future, we may want to add more utilities to MM token like exclusive access to new products.

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Assets need price decentralized oracle coverage to be listed on C.R.E.A.M.

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