Proposal: Add Swap as a collateral asset

Proposal
#1

Summary
We propose to list SWAP for lending and borrowing.
Token address: 0xcc4304a31d09258b0029ea7fe63d032f52e44efe

For: Add SWAP to Cream listing/borroring
Against: Do nothing

Background
TrustSwap is a full-service digital asset ecosystem focused on smart contract applications. The company’s flagship products are LaunchPads and Tokenlocks. The average performance of projects launching on TrustSwap is 1000% ROI making the token economics run very well. The main difference which TrustSwap has in comparison to other Launchpads is that its users have guaranteed allocations. The more tokens its user hold the bigger the allocation per user is. This gives users the incentive to take profits from their investments and buy more Swap.

There is a community push from TrustSwap users to be able to borrow more tokens to increase their Swapscore.

TrustSwap Key Facts

  • Top 50 DeFi project according to CoinGecko with $250M+ market cap
  • SWAP Token has $8M+ in trading volume
  • $175M+ worth of SWAP Tokens are staked from 10,000+ unique addresses
  • $800M+ is locked on the SmartLocks platform by 430 unique projects
  • 30k+ followers on Twitter & 10k+ on Telegram

Benefits to CREAM
TrustSwap community has a big need to borrow and lend tokens. This almost guarantees a big trading volume. TrustSwap also agreed to make a marketing campaign around that which TrustSwap will take on with the Cream marketing team directly. There is an incentive program planned for people depositing or lending SWAP tokens on Cream which will be directly coordinated with the Cream team after listing. The founder of TrustSwap Jeff has the biggest active Crypto trading community on Facebook Cryptocurrency Investing ((Cryptocurrency Investing | Facebook) and TrustSwap is constantly mentioned by some of the top influencers in the space like Ivan on Tech, Boxmining and Sheldon Evans: 10X Altcoins Are Everywhere in Crypto - Here’s how to find them! | Get Rich With Crypto - YouTube
TrustSwap will get at least one of the 3 influencers talk (or write) about how TrustSwap users can increase their Swapscore without investing more money in Swap tokens. This will be a great marketing for the Cream ecosystem as well.

Specification
List SWAP at a Collateral Factor of 0% (according to Cream rules. Increase will go through a second proposal.)

Audits
The smart contracts have been audited by Haken and Chainsulting.

85 Likes
#2

Ready and excited to bring some SOLID volume and exposure to Cream :fire:

26 Likes
#3

Yes let’s do it! TrustSwap has been doing great this year so far and this would be a great way for the couragous traders out there to be able to increase their tier!

7 Likes
#4

Awesome proposal. I think Cream and Trustswap can only strenghten each other. No reason not to accept this proposal!

6 Likes
#5

would love to see! lets do this :slight_smile:
imo it would improve the platform by a lot

6 Likes
#6

In the last time, trustswap is not that interesting as competitors like duck starter. Let´s see how can we make it more active.

4 Likes
#7

Jeff and his team are building a war machine & bear market resistant defi platform ! They deliver like hell ! It’s one of the best out there and they are here to stay ! :fire::fire::fire:

8 Likes
#8

Fingers crossed to make it happen!

4 Likes
#9

In retrospect, this will seem inevitable.
Great idea!

4 Likes
#10

Let’s go Swapies! A great project and the best Launchpad!

4 Likes
#11

Swap is one of the best ecosystems out there. Its much more than just a launchpad and would be a great collateral asset to C.R.E.A.M. Finance. Adds value to both projects

4 Likes
#12

Great project! Please add SWAP!

5 Likes
#13

awsome proposal. love this proposal

5 Likes
#14

Yes! lets do this! SWAP is King!

5 Likes
#15

Glad that TRUSTSWAP is being considered as a staking option.
I believe it will be a top50 coin if you see how they keep on developping.

5 Likes
#16

Yes Please!!! Love Trustswap!!!

6 Likes
#17

Swap is one of the best project I have never seen. Very good proposal and new projects on the pipeline. Please add this token

5 Likes
#18

Trustswap, let’s go :slight_smile: <3

5 Likes
#19

Yes please!! $SWAP :pray:

5 Likes
#20

It would be amazing to have Trustswap added please - would assuredly be a huge bonus to existing SWAP holders looking to increase their stakes and should therefore be mutually beneficial for CREAM. Finger’s crossed the proposal gets accepted.

5 Likes