Scream

Lending

Scream is a decentralized money market platform built on Fantom that enables anyone to borrow and lend crypto assets.

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Scream enables users to borrow and lend tokens directly on its platform with low fees due to the high scalability of Fantom.
What we like less
The protocol's poor risk management has led to substantial accumulation of bad debt.
What it means for you
You can earn significant yields on high-liquidity assets through its solid utilization and protocol incentives.
Information
Exploit/Hacks
One
Info
  • Website
  • Token: SCREAM
  • Tags: Lending
Key Metrics
  • TVL: $1.1M (Rank #192)
  • TVL Ranking by Lending: #37
  • Blockchain: Fantom
  • Chain TVL
    • Fantom: $1.14M
Risk Assessment
Watch Out
Protocol Code Quality
  • Code not reviewed by any experienced auditors
  • Anonymous team reduces transparency
  • One mitigated protocol hack since launch
Protocol Maturity
  • Core protocol launched in 2022; maturity over nine months reduces technical risk as smart contracts are sufficiently battle-tested
  • Bottom 80% by total value locked increases risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • At least one minor governance issue documented
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • Robust controls to mitigate oracle price manipulation
  • Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
  • Basic controls in place to prevent risky borrowing
  • No mechanisms in place to incentivize liquidations
  • Basic method to accrue protocol reserves
  • Scream is an Aave fork implemented on the Fantom chain
Things to know about Scream

How Scream works

Scream consists of a decentralized system of lending pools. Users deposit assets they want to lend into a liquidity pool and borrowers draw from the pool when they want to take out a loan. Scream borrowers must first supply assets before they can borrow. Given the high volatility of crypto assets, borrowers must post more collateral than the value of the loan, or commonly referred to as overcollateralization. Interest rates on Scream are driven by market supply and demand. To facilitate this activity, Scream issues scTokens to lenders that reflect accruing interest on the underlying token.

How Scream makes money

Scream currently generates revenue from a reserve factor that allocates a share of borrowers' fees to the protocol treasury. Each supported asset has a reserve factor that determines how much goes into the reserve.

How you make money on Scream

You earn lending fees on Scream by depositing your idle crypto assets to be used by borrowers looking for leverage. Scream also offers additional protocol incentives in its native SCREAM token to bootstrap demand. SCREAM stakers (veSCREAM) also earn protocol fees as 70% of the treausry is used to market buy SCREAM and distribute to veSCREAM holders.