Yearn integrates again! Will collaborate with Cream to launch zero-collateral protocol, Cream Coin defies the odds and surges by 20%.

Just the day before yesterday (11/24), after announcing a partial product integration with DeFi platform Pickle.Finance, which had just been hacked, popular developer Andre Cronje announced a collaboration with lending protocol Cream to assist in the launch of Cream v2. In the future, the focus will be on lending and enhancing the leverage effect of yield strategies in the money market pool.

Yearn Integrates Cream

According to the latest plan released by Andre Cronje, the main updates are as follows:

• Integration of development resources between Cream and Yearn
• Cream and Yearn collaborate on asset value growth
• Yearn's vault assets can be used as collateral for Cream
• Yearn's vault yield strategies will be leveraged through Cream
• Cream and Yearn jointly introduce a zero-collateral protocol credit resolution solution

Compared to the previous integration plan with Pickle, this collaboration did not reveal too many specific details. The article also emphasized that the issuance and total supply of the CREAM token will not change with the launch of v2. Governance will also remain the same, and a rotation mechanism will be added to CREAM's multi-signature keys to facilitate rapid updates, testing, and deployment.

Positive News Boosts CREAM Price

As a developer of Yearn, Andre Cronje's recent integration of Pickle and Cream has naturally attracted community attention. It is believed that this star project is strengthening its protocol through such acquisition-like actions. ChainLinkGod.eth, active in the Twitter community, believes that Yearn is continuing a series of crazy acquisitions.

Larry Cermak, Research Director at The Block, pointed out:

I'm not entirely sure if this counts as an acquisition. It seems more like cross-protocol collaboration until Yearn begins to take control of the main governance tokens. In any case, as long as the token prices of both projects end up rising, it can be considered successful.

Not really sure this can be considered an acquisition. More like applying synergies across protocols. Until Yearn starts buying out majority of tokens that it can use to control governance

— Larry Cermak 🫡 (@lawmaster) November 26, 2020

Despite the significant rebound in the cryptocurrency market today (11/26) and Bitcoin's nearly 9% daily drop, falling to a low of 16,312 at one point, the CREAM token saw a daily increase of about 24% before the deadline, with the price soaring to $77.9, fueled by the positive collaboration with the star project.