Public sale token price: 1 BETA = 0.06 USD (price in BNB will be determined prior to subscription) Beta Finance (BETA) TokenomicsĪs per the official announcement of Binance, the Beta Finance (BETA) token will have the following breakdown: There is also a scalable asset tier model that allocates assets into different tiers based on their liquidation LTV, safety loan-to-value (LTV), and liquidation bonus tokens. Currently, the Beta Finance protocol supports USDT, USDC, DAI, and ETH with 90%, 90%, 90% and 80% collateral factors respectively. The support for collaterals is also determined based on their liquidity ratios for example, high liquid assets will have higher collateral factors as compared to crypto-assets with lower liquidity. Thus, BETA is a volatile asset just like most crypto assets are.As highlighted above, Beta Finance (BETA) protocol works on an isolated collateral model which means that liquidation of a single asset doesn't have an impact on the entire protocol. This is a part of the risk framework offered by the Beta Finance platform. Though if you have any intentions of purchasing Beta Finance tokens, you must keep in mind that the BETA price is affected by the fluctuations of the entire crypto market. The remaining portion of the supply was set aside for the team, the Beta Finance ecosystem, and the liquidity mining. 25% of the supply was dedicated to the Binance Launchpad, the Alpha Finance Launchpad, the seed, and the strategic sales. The Beta Finance tokens have a max supply of 1 billion. BETA tokens can be staked in order to secure the network and receive staking rewards. For doing that, they receive BETA rewards. To facilitate borrowing and short selling, liquidity providers have to stake their assets in the lending pools of Beta Finance. BETA token holders are able to participate in the decision-making processes of the Beta Finance crypto project. The following are the main use cases of BETA tokens: Don't forget to check out the Beta Finance price chart placed above. However, there’s also a version of a BEP-20 token that runs on the BSC. Use Cases of BETA TokensīETA tokens are built based on an ERC-20 token standard. Besides that, he was a software engineer at Facebook, an engineer at Cruise Automation, and a data scientist at nference. Prior to founding Beta Finance, Lee was a researcher at the Massachusetts Institute of Technology and Microsoft. He has a degree in electrical engineering and computer science. The Beta Finance crypto project was founded by Allen Lee. In order to do anything with these funds, at least three key holders have to agree. The multi-sig wallets utilized by Beta Finance have five key holders. To secure the Beta Finance network, all platform’s funds are kept on USD bank accounts and multi-sig cold storage wallets. Though volatile assets have a smaller loan-to-value ratio (50% or less) than more stable assets do (75%). Such a model ensures that the assets of the user are safe even when there is a compromised asset on the market. However, the platform also allows users to choose more volatile and risky assets since it employs an isolated collateral model. The main crypto assets supported as collateral on Beta Finance are DAI, USDT, USDC, and ETH. Besides, by utilizing the 1-Click Short function, users can choose through which DEXs they want to open short positions. For doing that, they receive bounty rewards.Īll trades on Beta Finance are made through AMM-based decentralized exchanges. They have to monitor the network in order to spot and liquidate under-collateralized positions. Then, after some time passes, the trader buys the assets from the market, hopefully at a smaller price, and pays back the borrowed assets. Shorting is a trading strategy that happens when a trader borrows crypto assets and sells them in a crypto exchange at the current price. They are able to take short positions by using collateral. They are able to borrow the assets that are lent to Beta Finance by lenders. They are able to earn interest by lending their tokens to Beta Finance markets. There are four main roles on the Beta Finance platform: If you’re interested in the current or the previous BETA price, make sure to analyze the Beta Finance price chart placed above. Users can short, lend, and borrow crypto through the Beta Finance platform. BETA is the native token of Beta Finance, which is an Ethereum-based permissionless money market.
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