Beta Finance
BETA
Beta Finance (BETA) Feed: Events, News & Roadmap
Beta Finance to Launch Omni on Arbitrum on June 20th
Beta Finance is set to expand its decentralized lending platform, Omni, to Arbitrum. The platform, which has already seen success on the Ethereum Foun…
Beta Finance to Launch Points Leaderboard in December
According to the roadmap, Beta Finance will launch a points leaderboard in December.
Beta Finance to Be Launch on Blast in Q1
According to the roadmap, Beta Finance will be launched on Blast in the first quarter.
Beta Finance to Be Launched on BNB Chain on December 26th
According to the roadmap, Beta Finance will be launched on BNB Chain in December.
Beta Finance to Launch Bug Bounty Program on November 21st
Beta Finance is set to launch its bug bounty program through Immunefi on November 21st.
Beta Finance to Hold AMA on X on November 15th
Beta Finance will host an AMA on X on November 15th from 14:00 UTC.
Beta Finance to Release Omni v.2.0 on Mainnet on November 21st
Beta Finance is set to launch Omni v.2.0 on mainnet on November 21st. This new lending protocol is designed to maximize capital efficiency and elimina…
Beta Finance to Launch Omni Protocol on Sepolia
Beta Finance introduces the Omni protocol, which will launch on Sepolia on September 28th. Details about early access and mainnet support for the prot…
AMA on Twitter
Listing on KuCoin
March Report
Launch on Avalanche
Listing on Satang Pro
Liquidity Mining Program
Listing on Bitrue
Listing on CoinEx
Beta Finance Events on the Chart
What is Beta Finance?
Beta Finance operates as a permissionless money market on the Ethereum blockchain, facilitating lending, borrowing, and shorting of crypto assets. It’s designed to provide a scalable and user-friendly money market where tokens can be autonomously and permissionlessly listed. After its initial launch on Ethereum Mainnet, Beta Finance aims to extend its services to other layer one and layer two solutions.
Within the Beta Finance ecosystem, users can lend their crypto assets to earn interest, borrow against them, or initiate short positions using collateral. The platform“s distinctive feature is its elimination of traditional order books, instead routing short trades via decentralized exchanges that employ automated market makers. This mechanism is especially important for ensuring efficiency in the DeFi space, allowing for a “1-Click Short” functionality. Beta Finance adopts an isolated collateral model, ensuring that a compromised asset doesn”t jeopardize other positions on the platform. They initially support collateral types like ETH, USDC, USDT, and DAI, with variances in collateral factors depending on the asset’s stability.
The BETA token is a digital asset based on the ERC-20 standard on Ethereum and the BEP-20 standard on Binance Smart Chain (BSC). It serves as an integral component within the Beta Finance ecosystem, likely facilitating various operations and governance functions.