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Beta Finance

BETA

Price
$0.10
10/3/2022, 3:02:37 PM
diamondHands

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Market

Market stats

Market cap

$64.7M

Volume (24h)

$7.9M

Circulating supply

616.7M BETA

All time high

$4.63

Price change (1h)

+1.23%

Price change (24h)

+3.44%

Price change (7d)

+12.75%

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Beta Finance is on the rise this week.

The price of Beta Finance has risen by 12.75% in the past 7 days. The price increased by 3.44% in the last 24 hours. In just the past hour, the price grew by 1.23%. The current price is $0.104532 per BETA. Beta Finance is 97.74% below the all time high of $4.63.

The current circulating supply is 616,666,667 BETA.

About

What Is Beta Finance (BETA)?

Beta Finance is a money market on Ethereum for lending, borrowing, and shorting cryptocurrencies. This platform seeks to allow users to access a scalable and accessible money market where tokens can be listed automatically and permissionless. Shorting is a counterbalancing force to price volatility and a crucial component of financial infrastructure to lower the chances of loss. 

According to the whitepaper, the objective of this project aims to allow DeFi users to have the capability to act as an opposing force to price volatility by providing a seamless and straightforward experience to short assets. Further, the mission of this network seeks to counterbalance the volatility in DeFi today by creating essential infrastructure and user tooling to encourage market efficiency. 

Furthermore, this platform seeks to utilize an isolated collateral model for fund security. So that even if an asset is compromised, the whole protocol stays safe. The isolated model offers Beta users confidence that their tokens are secure even if Beta has a market with a compromised asset.

Also, smart contract, market risk, and counterparty evaluate the qualified markets configured by governance. These risks form the risk parameters that are set for the assets.

BETA is the governance token of Beta Finance and seeks to have the following current and intended functions:

  • Staking incentives: The token holders can stake their tokens on the protocol and work as a backstop covering shortfall events. The token holders who stake their BETA token will get a share of the revenue generated by the protocol.

  • Governance: The BETA token holders will be able to partake and vote in the network's governance process. Through governance, users can influence the platform's product features and some critical parameters.

  • Liquidity mining: Liquidity providers can stake their tokens into the lending pools to boost borrowing and short selling. Also, to incentivize these providers given opportunity costs, liquidity providers will be eligible to receive BETA tokens through a liquidity mining program.

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FAQ

What is the current price of Beta Finance?

The price of 1 Beta Finance currently costs $0.10.

What is the market cap of Beta Finance?

The current market cap of Beta Finance is $64.69M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Beta Finance?

The all-time high of Beta Finance is $4.63. This all-time high is highest price paid for Beta Finance since it was launched.

What is the 24 hour trading volume of Beta Finance?

Over the last 24 hours, the trading volume of Beta Finance is $7.85M.

What other assets are similar to Beta Finance?

Assets that have a similar market cap to Beta Finance include Aragon, Ribbon Finance, OriginTrail, and many others. To see a full list, see our comparable market cap assets.

How many Beta Finance are there?

The current circulating supply of Beta Finance is 617 million.

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