Yes. You are reading this correctly.
Just one day after it was announced Yearn and Pickle would be collaborating, the DEFI leader has announced another partnership with Cream.
The move will give vault strategies access to leverage, and Yearn vault shares will be usable as collateral.
Read the full blog post from Andre here.
Cream v2: Low Fat
The new and updated Cream will be streamlined, with only blue chip tokens accepted as collateral. The existing governance and token dynamics will remain unchanged, but a new multisig will be set up.
Conclusion
Today’s news was yet again another huge surprise to the community. I’ve been hanging out in the Yearn discord and the response seems to have been largely positive.
Yearn is moving quickly and it’s really quite impressive. Within 48 hours they have adopted Pickle’s strategies and now Cream’s lending, borrowing and leverage.
My question is, what’s next?
I will update this post as more details emerge.
Discuss the collaboration here.