Cream Finance leaps into DeFi ‘corporate debt’ with Iron Bank launch

Cointelegraph

Published Jan 14, 2021 09:35AM ET

Updated Jan 14, 2021 12:00PM ET

The Cream Finance project, a lending protocol that recently merged into the Yearn ecosystem, announced the upcoming launch of its Iron Bank feature, a name inspired by the once-popular TV show Game Of Thrones.

Cream’s Iron Bank is an attempt to create a decentralized finance equivalent of corporate debt. The announcement, released on Thursday, explains how the market for peer-to-peer lending in traditional finance, worth $70 billion, pales in comparison with the world of corporate credit, with $10 trillion in loans outstanding.

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