Holders 1072

0.001%

Meme Rank #782

⯆-48

Sentiment Rank #578

⯅36

Risk Coming Soon

N/A

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.

Links:

Sector(s):

Ethereum

Stablecoin

Financial

DeFi

Contract Addresses:

Ethereum Holders: 1072

FD Market Cap: $22.09 Mil

Avail Supply: 24096739

Total Supply: 24096739

Coinbase: $0.916762

Chainlink: $0