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The big picture about the protocol

Origins of the protocol

The protocol's underlying mechanism dynamically adjusts $CREAM's supply, pushing its price up or down relative to the price of $AVAX.

Inspired by the original idea behind Tomb.Finance as well as its predecessors (bDollar and soup), IceCream Finance is a multi-token protocol which consists of the following three tokens:

• Cream ($CREAM).

• Cream Shares ($CSHARE)

• Cream Bonds ($CBOND).

What differentiates $CREAM from other algorithmic tokens?

Unlike previous algorithmic tokens, $CREAM is not pegged to a stable coin— it is instead pegged to $AVAX the network token of Avalanche. Why is this? We believe in the potential of the Avalanche Network, and have chosen to align its mission to both provide value to and derive value from $AVAX's future growth. As a result our pegged token $CREAM can benefit from the appreciation of the network token.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, we plan to maintain a focus on innovation by rolling out the implementation of arbitrage boughts as well as using revenue from yield optimization to buy back and burn $CREAM