CryptoCurrencies
14381
Exchanges
500
Total Market Cap
2,727,239,109,501
Volume 24h
159,008,643,610
Dominance
BTC 50.26%   ETH 16.69%   USDT 4.09%   BNB 3.47%

Bean
BEAN

1.003
$
0.33 %
Change 24h
Market Cap
$ 48,946,937
Volume 24h
$ 129,139
Circulating Supply
48,812,404
Total Supply
35,294,221
BEAN
$
# Exchange Pair Price Volume 24h

Description

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.