Beta Finance Price Prediction 2022Beta Finance It is among the crypto coins traded on stock exchanges. Beta Finance comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
In this period, where Decentralized Finance has gained global importance, the interest in Beta Finance has also grown. Investors navigating DeFi waters want to learn more about the future and project of Beta Coin because of its promises. You can use our content for this information.
Founder and year of founding: Allen Lee / 2021
Blockchain: Ethereum and Binance Smart Chain
Total supply: 1 billion units
Circulating supply: 297 million units
Market cap: $151 million ( February 11, 2022)
Lowest price: $0.3351
Highest price: $4.63
Aim of the project: strong> To remedy the volatility in the cryptocurrency industry and to ensure price stability
Usage areas: DeFi
Beta Finance project?
Ethereum blockchain Beta Finance is a decentralized project where borrowing/lending, which means a method where you can earn passive income from your assets at certain interest rates or borrow by showing your assets as collateral, without requiring any permission. ir.
Users transacting in beta have three options: lend, borrow and suspend.
Borrowers can take the opposite position, while short sellers can use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute short-term trades, but routes trading through decentralized exchanges that use automated market makers. As part of the Phase 2 launch, the platform plans to create a permissionless money market.
What makes the beta project unique is its shorting feature. He identified crypto’s significant volatility feature as detrimental to DeFi’s adoption by individuals and institutions. The project team sees Short Squeeze as a critical financial tool that is lacking in the DeFi ecosystem, facilitating market stability and efficiency. Users can easily do this with the “Short” tool of the platform. A simple click of a button is all it takes to select the DEX to trade and stake the short position capital and newly traded collateral.
Beta Finance follows an isolated collateral model to support more volatile assets, i.e. liquidation A secured position at risk does not endanger another position.
It can propose additional collateral support and vote in phase. Collaterals are subject to various collateral factors: stableCoin s have a collateral factor of 90%. The collateral factor of ETH is 80%.
Beta Coin ?
BETA Coin is the native token of Beta Finance. The platform has staking incentives, liquidity mining, governance, and BETA token holders will be able to stake their tokens on the protocol and act as a fallback point to close shortage events. BETA holders who stake their tokens can receive a portion of the revenue generated by the protocol.
Liquidity providers can invest their assets in lending pools to provide borrowing and short selling. To incentivize these providers given opportunity costs, liquidity providers will be eligible to receive BETA tokens through a liquidity mining program that is adjusted based on a user’s relative contribution and additional parameters.
BETA token holders will be able to participate in the platform’s governance process and they can vote. Through governance, users can influence and change Beta Finance’s product features and key parameters.
It makes investing and trading extremely rewarding, provided you know what you’re doing, but prevents crypto from being useful in everyday life.
Digital currency industry adoption depends on stability. Whether this means stableCoin s, CBDCs or the stability of regular currencies will become more apparent in the future. But for now, we know there is a huge demand for projects that can stabilize the industry, so BETA is very likely to be in significant demand. intends to offer. Lending protocols are among the most popular in DeFi, with 4 out of the top 5 lending protocols on a total value locked (TVL) basis. Beta Finance hasn’t reached these dimensions yet, of course, but as a lending protocol it certainly can. In its Beta Finance whitepaper, he also explains that price volatility isn’t the only problem the DeFi world is dealing with, another is the lack of financial infrastructure, so its near future will likely focus on finding ways to address these two issues.
The project is backed by a renowned investor group, including Spartan Group, ParaFi Capital, MultiCoin Capital, DeFiance Capital and Delphi Digital. ParaFi Capital’s Anjan Vinod was impressed by Beta Finance’s focus on new assets, the isolated collateral model, and planned cross-chain support.
Where and how to get BETA Coin ?
BETA Finance’s Its total supply is 1 billion tokens. There are 297 million tokens in circulation and the market capitalization of the project is around $151 million as of February 13. Its sale on Binance Launchpad was made for $ 0.06 and attracted a lot of attention. The distribution of the token was as follows:
Binance Launchpad Sale – 5% Seed Sale – 10% Strategic Sale – 5% < strong>Alpha Finance Launchpad Sale – 5% Project Team – 20% Ecosystem – 35% Liquidity Mining – 20%
BETA Coin can also be bought and sold from centralized exchanges such as Binance, WazirX, TokoCrypto, MEXC and Mandala Exchange, and decentralized exchanges such as UniSwap and PancakeSwap