After a big hack attack, Cream finance moved on to grow their platform with more features & safety by expanding their ecosystem in other more secured networks.
On 2 September, Cream finance announced redevelopment work on the cream finance ecosystem. The team will now create a parachain on Kusama, Moon River and then on Polkadot.
This new development work on the Creme finance ecosystem, will enable their users to use multiple types of new features on their network.
After the completion of the development work, the Kusama and Polkadot users will be able to use Cream finance’ services to add digital assets as collateral or lend them out.
Derek Yoo, Moonbeam founder, stated
“Lending and borrowing protocols lie at the heart of a productive DeFi ecosystem”
According to Yoo, this new integration development work will not not help them to grow the DeFi ecosystem on Moonbeam. But also it will provide builders that will enable developers to develop decentralized applications based on the polkadot ecosystem.
Recently projects on the Moonbeam got a better boost in their platform. These main projects are cross-chain lending protocol Equilibrium, Ocean Protocol, SushiSwap, Balancer, IDEX and others.
Probably this is going to be a big move by the team of Cream Finance, because recently they faced a hack attack of around $19 million, while they got funding support by the FTX exchange so that Cream finance can easily run their operations with better stability.