Big Brother Ma Ji rushed into the Binance Smart Chain and launched a new DeFi project, Cream Finance.

As decentralized finance (DeFi) takes the spotlight in the market, Huang Li-Cheng, known as "Brother Big" and the man behind the most blockchain projects in Taiwan, announced on Twitter yesterday that he will be launching a new DeFi project called Cream Finance, which will be built on the Binance Smart Chain.

Big Brother Announces New Project

June has been a dedicated period for the decentralized finance (DeFi) sector. Tokens of DeFi projects such as LEND, SNX, KNC, ZRX, REN, and BNT have all experienced significant increases. The launch of the governance token COMP by Compound, which initiated liquidity mining, further intensified the market interest in DeFi tokens.

Taking advantage of this trend, many DeFi projects have introduced new tokens during this period, such as the stablecoin aggregation protocol mStable and the decentralized liquidity protocol Balancer. Both projects went live and launched their tokens amidst this wave of enthusiasm, garnering a certain level of adoption and market attention.

With such a FOMO-driven market, the man behind the most projects launched in Taiwan could not miss out. Last night, the founder of Machi X and Secret Garden, Huang Li-Cheng, announced a new DeFi project on Twitter – Cream Finance. In his tweet, Huang Li-Cheng stated:

"C.R.E.A.M. Finance - An open and inclusive financial system built on smart contracts. Invite everyone to join our journey, as cryptocurrencies will dominate everything around me."

https://twitter.com/machibigbrother/status/1283764177220194306

Cream Finance to be Built on Binance Chain

According to the latest official announcement released yesterday,announcement, unlike most DeFi projects currently built on the Ethereum chain,

Cream Finance will be constructed on Binance Smart Chain, the smart contract chain of Binance exchange. Huang Li-Cheng stated in the announcement:

"Given the numerous advantages such as the majority of mainstream cryptocurrencies (BTC, ETH, LTC, BCH, XRP, TRX) being pegged on the Binance Chain, the speed, cost efficiency, and vibrant ecosystem of Binance, choosing to build on the Binance Smart Chain was a natural decision."

So far, although projects founded by Huang Li-Cheng have not experienced exits or zeroing out like other Taiwanese projects, their development progress has almost reached a standstill. Taiwanese projects generally find it challenging to gain favor in the global market. Can this new project, Cream Finance, make a mark on the global stage and further ignite the DeFi craze on Binance Smart Chain?