Proposal: Add SPC (v2) as collateral asset on CREAM Ethereum

Summary:

Add $SPC to the CREAM Finance Ethereum lending market as a supported collateral asset.

Contract: 0x86ed939b500e121c0c5f493f399084db596dad20

For

Add SPC as collateral to CREAM Finance lending app.

Against

No Change Required.

Background

Founded in 2017, SpaceChain is a community-based space platform that combines space and blockchain technologies to build the world’s first open-source blockchain-based satellite network, allowing users to develop and run decentralized applications in space.

The SpaceChain operating system will be available to anyone, anywhere in the world, all while remaining secure and immutable through proven blockchain cryptography. In doing so, SpaceChain’s vision is to remove barriers and allow a global community to access and collaborate in space.

Spacechain has launched multiple satellites to Low Earth Orbit (LEO), and produced multi-signature Bitcoin (BTC) transactions on the International Space Station (ISS).

Spacechain just released its Callisto development board with fully custom CPUs on FPGA.
Multiple satellite launches are also on the roadmap for 2021.

Motivation

Spacechain’s SPC token community needs borrowing and lending for a healthy token market. Additionally, a listing on CREAM will enable yield generation from Vesper, where the Spacechain community is hoping for a Vesper + CREAM pool for SPC tokens.

Specification

The proposal will be pushed to Snapshot voting on April 22nd and run for a duration of 4 days.

Voting is now live: Snapshot

In full transparency, we have asked the larger Vesper community to please consider voting for this proposal also, because a CREAM listing enables a Vesper SPC pool to be created with Vesper’s modular “Direct-to-CREAM” yield strategy.