Cryptocurrencies Bean - dapp.expert
Bean BEAN

Bean BEAN

$0.991416
0.61%
Market Cap
$46,049,121.82
0.55%
Fully Diluted Market Cap
$46,019,991.00
0.55%
Volume
24h
$2,627.17
Volume / Market Cap
0.0001
Circulating Supply
46,447,830.00
0%
Total Supply 46,447,830.00
Low : $0.98
High : $0.99
Tags

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.

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