Scream

What is Scream?

Scream is a decentralized lending protocol designed for the Fantom platform, offering exceptional scalability. It presents a user-friendly, fully decentralized peer-to-peer lending solution.

In contrast to the complexities often associated with traditional lending services, Scream ensures a swift and hassle-free experience in the lending sector. With Scream, you can easily lend any supported assets from its market and utilize your capital as collateral to borrow these assets. Furthermore, Scream offers programs to optimize your capital utilization effectively.

How Does Scream Work?

Scream assures you of consistently updated and dependable price data through its integration of up to three on-chain oracle services: Chainlink, Band Chain, and The Scream Oracle. The yields in the lending and borrowing market remain dynamically adjustable.

Scream incorporates key elements like collateral and required reserves in its lending process, following the model established by the Compound protocol. This protocol operates on an algorithmic, autonomous interest rate system, which essentially means that interest rates are calculated automatically.

Two critical factors demand your attention when considering borrowing on Scream:

• The Reserve Factor signifies the percentage of interest directed to the SCREAM protocol. For example, if the Reserve Factor is set at 10%, this implies that 10% of the interest generated goes to the SCREAM protocol. As an example, if fUSDT has a Collateralization Factor of 75%, and you invest $1,000 to borrow another asset, the maximum amount you can borrow, equivalent to 75% of the collateral's value, would be approximately $750.
• The Collateral Factor can vary between 0 and 90%. This factor dictates the proportional increase in your loan limit, or liquidity. Assets with high liquidity maintain high collateralization ratios, while low-liquidity assets possess lower collateralization ratios. In essence, the Collateral Factor represents the maximum amount you can borrow against a specific asset.

Scream Project Development

Scream and Morphex contributors have been engaged in a collaborative effort for some time, and they are thrilled to introduce an innovative capital-efficient borrowing model on the Fantom network, designed to benefit both communities. This proposal outlines the integration of interest-bearing collateral on SCREAM in the form of wrapped MLP. MLP, which comprises blue-chip crypto assets like BTC, ETH, FTM, and stablecoins, serves as the liquidity pool for trading on Morphex. MLP not only receives 60% of all Morphex protocol revenue but also gains additional escrowed MPX ("esMPX") rewards.

This proposal enables users to use MLP as collateral, achieved through the wMLP format, leveraging well-tested Yearn vault code. This approach enhances capital efficiency, allowing users to earn auto-compounding yields and borrow against their assets. To cover development and maintenance costs and create an additional revenue source to address Scream's v1 bad debt, a 7.5% performance fee will be applied to each harvest, accumulating as wMLP in the Scream treasury.

Scream Price Analysis

As of November 24 2024 Scream has a marketcap of $246K. This is {{percentagefromath}} from its all time high of $216.98. In terms of its tokenomics, there's a total supply of 2M with 22% currently outstanding. Keep in mind Scream has a fully diluted value of $1.1M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude