Buy Beta Finance (BETA)
What is Beta Finance?
Beta Finance is a permissionless money market protocol that operates on the Ethereum blockchain. It enables users to lend, borrow, and short crypto assets without needing a centralised exchange. The protocol permits automatic and permissionless listing of tokens, enhancing accessibility and scalability in decentralised finance.
How does Beta Finance work?
Beta Finance utilises smart contracts on the Ethereum blockchain to facilitate its operations. Users can engage in lending, borrowing, and short selling of crypto assets. For lending, tokens are deposited into lending pools, earning interest. Borrowers can access these pools to gain assets, while short-sellers can sell borrowed assets to buy back later. It employs an isolated collateral model to safeguard users' assets, limiting risks associated with compromised assets.
What are the potential use cases for Beta Finance?
Beta Finance serves multiple purposes in the decentralised finance sector:
- Decentralised Lending and Borrowing: Users can lend and borrow crypto assets seamlessly, improving liquidity.
- Short Selling: Enables users to execute short trades, enriching trading strategies.
- Liquidity Mining: Provides incentives for liquidity provision through reward distribution in BETA tokens.
- Staking and Governance: Users can stake BETA tokens to earn rewards and participate in governance, influencing protocol improvements.
What is the history of Beta Finance?
Founded by Allen Lee, Beta Finance emerged as a decentralised money market solution with its operations rooted in the Ethereum blockchain. It introduced the BETA token, with a maximum supply of 1 billion, distributed for various strategic initiatives including liquidity mining and governance. The protocol focuses on enhancing security and accessibility in digital asset markets, employing multi-sig wallets for fund security and supporting diverse collateral types like DAI, USDT, USDC, and ETH. Over time, it aims to expand onto other blockchain ecosystems for broader adoption.
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Frequently Asked Questions (FAQs)
What is the current price of Beta Finance (BETA)?
The Beta Finance price is $0.07200146 AUD, representing a +2.23% from the day prior.
Where is the best place to buy Beta Finance (BETA) in Australia?
The best place to buy Beta Finance (BETA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Beta Finance (BETA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Beta Finance (BETA)?
The trading volume of Beta Finance (BETA) is $7.0M AUD in the last 24hrs, representing a +2.23% from the day prior.
How can I buy Beta Finance (BETA)?
Beta Finance (BETA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Beta Finance (BETA)?
The current market cap of Beta Finance (BETA) is $60.7M AUD.
Can I convert Beta Finance (BETA) to cash?
Yes - With Coinstash you can convert your Beta Finance (BETA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Beta Finance (BETA) are there?
The current circulating supply of Beta Finance (BETA) is 859.1M.
Is Coinstash a safe place to buy Beta Finance (BETA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Beta Finance (BETA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.