Beta Finance is a decentralized protocol for lending and borrowing cryptocurrency assets on the BSC. The protocol allows users to lend and borrow a variety of tokens such as BNB, ETH, BTC, BUSD, USDT, and DAI. The platform is designed to be user-friendly and accessible to everyone, with a simple and intuitive interface.
The project was launched in 2021 and had a successful token sale on Binance Launchpad.
One of the key features of Beta Finance is its interest rate model. The protocol uses an algorithmic interest rate model that adjusts based on supply and demand. This means that interest rates are determined by the market, rather than being set by the protocol. The interest rate model is designed to ensure that the supply and demand for each asset remain in balance, providing users with stable and predictable returns.
Another important feature of Beta Finance is its unique isolated collateral model that enables the support of more volatile assets. This model means that there is no cross-collateralization between assets, and users can allocate their collateral to multiple positions. If one asset experiences a price spike and risks liquidation, only the allocated collateral for that position is at risk, and the other positions remain safe.
Beta Finance also allows users to participate in liquidity provision, earning rewards for providing liquidity to the protocol. This helps to ensure that the protocol always has sufficient liquidity to meet demand from borrowers.
Last but not least, Beta Finance has an efficient short-selling tool, which allows users to sell assets they do not own and profit from price decreases. Short selling is a powerful tool that can enable traders to profit in bear markets, and it has been historically challenging to execute in decentralized finance. However, Beta Finance has made it simple for users to execute short sales on their platform.
BETA has 1,000,000,000 tokens in total supply and 646,969,697 of them are in circulation.
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