C.R.E.A.M. Finance becomes first DeFi protocol to support AXS and YGG tokens

In the first stage of deployment of a comprehensive development strategy, decentralized lending protocol C.R.E.A.M. Finance is bringing NFTs and Metaverse to DeFi to bridge the gap between the different ecosystems. They have become the first borrowing/lending DeFi protocol to support the AXS and YGG tokens of Axie (AXS/USD) Infinity and Yield Guild Games respectively, in collaboration with Chainlink (LINK/USD).

Leo Cheng, Co-Founder and Project Lead at C.R.E.A.M. Finance, said:  

C.R.E.A.M. Finance supports six leading tokens

Currently, the protocol supports six major NFT and Metaverse tokens, including Decentraland (MANA/USD). It lets users lend and borrow against these assets to increase capital efficiency and bring value to users and token holders within NFT ecosystems.

Jeffrey Jiho Zirlin, co-founder of Axie Infinity, commented:

At the moment, support for the NFT ecosystem within the DeFi industry is inconsistent, creating issues with growth due to underutilization of assets. NFT token holders find themselves unable to leverage asset value and create growth. According to YGG co-founder Gabby Dizon:

First stage of strategy targets NFT asset growth

This is the first phase of a large-scale strategy to provide new tools for Metaverse and NFT token holders, which will enable NFT holders and project developers to leverage their assets in an effort to achieve further growth.