Beta FinanceBETA to ETH

Furthermore, BETA is another Ethereum based DeFi protocol that is used to identify essential and notable. With this concept, users can borrow crypto assets like Ethereum or any other stable coin like USDT, BUSD and liquidate their existing position without losing their assets at any cost. With the Beta, holders or traders can sort very easily crypto assets by using their ETH and Stablecoin and allow users to handle the position in a single click.  

 

With this feature, users can borrow crypto assets such as Ethereum and Stablecoin. The advantage of this is that it allows users to liquidate their existing positions without losing them. With Beta, traders can easily short any crypto asset by using their ETH or Stablecoin. The platform also allows users to manage their positions through a 1-click Short. Beta Finance (BETA) will be launched for trading on various platforms like Bitcoin, Beta/BNB, and Beta/USDT. Before committing to it, analyze the complete token and its price before making any decision.

 

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 require 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.

 

Why we built Beta Finance

Shorting is a counterbalancing force to price volatility and a critical piece of financial infrastructure missing in DeFi. Rather than allow volatility to persist as the norm and depend on liquidation cascades for price corrections, we wanted to enable DeFi users to have the ability to act as an opposing force to price volatility by providing a simple and seamless experience to short assets.

Additionally, currently >99% of actively traded crypto assets are neglected by popular money market protocols, leaving these token holders with few or no options to earn additional yield on their tokens. As DeFi grows larger and larger, we wanted a money market protocol that could scale with it, where users were able to create money markets immediately. 

 

Project mission and vision

Our mission is to offset the volatility in DeFi today by developing critical infrastructure and user tooling to facilitate market efficiency. We stand by the DeFi ethos of "Open Finance For All" and seek to re-define finance by providing a foundational block in DeFi that future projects will be built upon.

 

How Does Beta Finance (BETA) Work?

Beta Finance works on an isolated collateral model, which eliminates any use of cross-collateralization. This aims to provide a safe pocket to the investors who use the borrowing amount to diversify their holdings. 

Consider a scenario where 15 ETH is used as collateral, with 6.5 ETH allocated to short-selling $ADA and 8.5 ETH to short-selling $XRP. Now, if the price of $ADA spikes and puts the user’s 6.5 ETH at risk of liquidation, the other 8.5 ETH linked with the $XRP position will not be liquidated. 

This is the core benefit of an isolated model where one asset liquidation risk doesn't pose any threat to the entire protocol and remains free of market, counterparty, and smart-contract risks and threats.

 

The Vision Behind Beta Finance (BETA)

The main objective behind the creation of the Beta Finance (BETA) protocol is to stick to the DeFi ethos of ''Open Finance For All,'' countering the two main problems in the world of decentralized finance (DeFi). 

As highlighted in BETA's official whitepaper, these two problems include price volatility and a lack of financial infrastructure in Defi. The Beta Finance protocol aims to empower DeFi users to stand against the price volatility mechanism by equipping them with the feature of shorting assets. The BETA protocol also aims to scale its money market protocol with time to give its users the freedom to develop money markets anytime.

 

Conclusion

Beta Finance is still a very much new and extremely young project with highly ambitious goals. As such, it offers a lot of potential for the future, but it is still too new to know whether it can achieve what it promised, and how big of an impact it may have in the DeFi and broader crypto sector.

With that said, it is difficult to make any claims with certainty, but it is certainly an interesting one to keep an eye on and see where it ends up going as time goes by. More stability and greater financial infrastructure in Defi would certainly not harm the industry, so keep a close eye on this one as it develops and progresses. To buy this token, visit our Buy Beta Finance page.