Proposal: Add Nerve as a collateral asset on BSC

SUMMARY
We propose to list Nerve for lending and borrowing

For: List NRV as a collateral asset on C.R.E.A.M. BSC

Against: Do nothing

Background

Nerve is an automated market maker (AMM) specifically designed for trading stablecoins and pegged assets on the Binance Smart Chain. Nerve’s first pool is launched with a basket of a dollar-pegged stablecoins consisting of BUSD, USDT & USDC. Nerve recently launched an integrated Anyswap bridge that is decentralized, more efficient, and without transfer limits.

There is a community push from Nerve users to be able to borrow more tokens to increase their ability to provide liquidity.

Abstract

Following its launch on Binance Smart Chain two months ago, Nerve has recently integrated several different mechanisms that allow its users to provide liquidity in stable pools, earn more nerve in LP pools, and earn competitive APY’s from staking the NRV token. The ensuing exponential growth has incentivized users to reinvest their profits, as well as push for lending mechanisms that allow them to increase their investment in the project.

Benefits to CREAM

As the fastest growing DeFi Automated market maker, combined with industry leading low rates of slippage and the added benefits of low gas costs on the Binance Smart Chain, Nerve is positioned well to exponentially capture substantial TVL as the project gains more traction. Combined with a quickly growing user base (Nerve was born 3/1/2021), Nerve is a smooth way to onboard a zealous community that will contribute to the larger CREAM ecosystem in the form of fees and synergies.

Key Facts

  • Current FDV: 380M
  • Current TVL: $482M+
  • 7 day volume: $805M+
  • 5000+ unique wallet addresses
  • Audited by Certik completed
  • Ranked 10th on DeFi station

Investors

  • 3 Arrows Capital
  • CMS Holdings
  • Alameda Research

Resources

  • Main Website: https://nerve.fi/
  • Token address: 0x42F6f551ae042cBe50C739158b4f0CAC0Edb9096

Social / Community

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