Beta Finance (BETA)

IEO

Last updated: Oct 04, 2021

Beta Finance is the permissionless money market for borrowing, lending, and shorting crypto assets.

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Overview

Project industry	Finance Services & Banking
Product type	DeFi
Whitepaper	Open
Onepager	Open

What is Beta Finance

Beta Finance is the permissionless money market for borrowing, lending, and shorting crypto assets. This means that anyone at anytime is able to create a money market for any crypto asset. The protocol is live here.

Lenders

Lenders are able to now earn risk-free yield (as high as 1000+%) on not only popular assets, but also the long tail of crypto assets, including yield farmed tokens, that exist today! Easily deposit your tokens on Beta into the token's money market, or create it yourself if it's not there yet.

Borrowers

Borrowers are able to borrow crypto assets by supplying ETH and/or Stablecoin as collateral. This gives users flexibility when interacting with other protocols that requires using assets they currently do not have without losing their current positions.

Traders

Traders are able to short sell any crypto asset by using their ETH and/or Stablecoin as collateral. Beta provides an integrated "1-Click" Short that makes initiating and managing short positions simple.

Liquidators

Liquidators are able to earn a premium bounty reward for monitoring and liquidating under-collateralized positions.

Details

IEO (Binance Launchpad): Sep 30, 2021 - Oct 08, 2021
Token supply: 1,000,000,000 BETA
Hard cap: 3,000,000 USD

Legal

Country limitations: Belarus, People's Republic of China, Democratic Republic of Congo, Cuba, Iraq, Iran, North Korea, Singapore, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.