Proposal: Add $MASK as a collateral asset on CREAM

Summary

We propose to the CREAM community to list $MASK as a collateral asset.

For

Add $MASK as a collateral asset.

Against

Do nothing.

Motivation

  • As of July 26 2021, according to Coingecko $MASK market cap is $70,015,066 and average 24hrs trading volume YTD is $53,710,369 with nearly 63 thousand holders. By adding $MASK as a collateral asset, C.R.E.A.M will potentially increase TVL and generate more usage.

  • MASK Network has an active community with more than 37 thousand followers on Twitter that will be happy to support CREAM Protocol by promoting and marketing the utility of $MASK as a collateral on CREAM on social media.

  • Through Mask Network, users can directly view the price trend of tokens on CoinMarketCap or CoinGecko on Twitter and conduct transactions on Uniswap and Sushiswap by connecting their wallets. It is possible to seek the similar pattern of ecosystem cooperation between CREAM and MASK.

  • MASK Network is also starting a Social Defi Aliance that aims to help Defi get mass adoption from regular social network users. From the Wall Street Bet Revolution to Tik Tok investors to the ultra addictive Crypto Twitter, social and finance has proven to be more than a natural fit as we’ve seen from numerous examples. Mask hopes to do this along with CREAM and the rest of the Defi community.

Background

What is MASK?

Mask Network creates a decentralized application ecosystem that bridges the gap between Web 2.0 and Web 3.0 for users, helping them make a seamless transition. It provides the main function of encrypting and decrypting information transmission and evolves around this function, integrating de-private social, borderless payment network, decentralized file storage and sharing, decentralized finance, and governance (DAO) to help users protect their privacy, data, assets and rights on traditional social networks such as Twitter, Facebook, etc.

$MASK is the native token of MaskDAO. The DAO is the owner of the Mask Ecosystem. $MASK holders are members of MaskDAO and possess ownership of the Mask Ecosystem through the DAO. As the native token, $MASK serves as incentives to facilitate governance. Each $MASK represents one vote. Overtime, Mask Network team and ecosystem members will develop more products and services that would accrue value to $MASK. Mask Network will continue to actively engage with top Web 3.0 and DeFi projects as we have done with MetaMask, Mirror, UniSwap, Pancakeswap, Transak, Coinmarketcap etc to expand use cases for $MASK.

Market Statistics & Info

Learn more about MASK

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