Bean Profile (BEAN)
Project Safety Score
Sat, Jan 20, 2024 11:30 PM
Bean
token
Ethereum
The practicality of using Decentralized Finance is limited by the lack of a decentralized, collateral-free stablecoin. Borrowing rates on USD stablecoins remain excessively high, even as supply increases rapidly. Supply cannot meet demand due to collateral requirements. Beanstalk uses credit instead of collateral to create a decentralized, liquid, blockchain-native asset, which is stable relative to the value of a non-blockchain-native asset. Beanstalk creates protocol-native financial incentives to encourage participation in peg maintenance and governance without requiring any action from everyday Bean users.
Read more in the whitepaper:- team not submitted
- Stablecoins
- Usd Stablecoin
- Decentralized Finance (defi)
- Ethereum
- Ethereum
- no features
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Grd Blindedbysound Iq
Fri, Dec 31, 2021 10:05 PM...
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Elon Musk randomly tweets 1,800-year-old Chinese poem calling for peace
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【网络民议】马斯克引“七步诗”，推动“构建人类命运共同体”？
Tue, Nov 2, 2021 12:00 PM...
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Theories on why Tesla billionaire Elon Musk tweeted an ...
Tue, Nov 2, 2021 12:00 PM...
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What's fuss about Elon Musk's 'bean' tweet?
Tue, Nov 2, 2021 12:00 PM...
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