Cream Finance Launches Into DeFi ‘Corporate Debt’ With Launch Of Iron Bank By Cointelegraph

Cream Finance launches into DeFi ‘corporate debt’ with the launch of Iron Bank

The Cream Finance project, a lending protocol that recently merged with the Yearn ecosystem, announced the upcoming launch of its Iron Bank feature, a name inspired by the popular TV show Game Of Thrones. Cream’s Iron Bank is an attempt to create a decentralized financial equivalent of corporate debt. The announcement, released Thursday, explains how the peer-to-peer loan market in traditional finance, valued at $ 70 billion, pales in comparison to the world of corporate credit, with $ 10 trillion in outstanding loans.

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