Bean
BEAN

0.9910
$
0.18 %
Change 24h
Market Cap
$ 31,257,200
Volume 24h
$ 11,264
Circulating Supply
31527478
Total Supply
41,674,910
BEAN
$
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.