BETA Price today

Beta Finance is an Ethereum-based DeFi protocol for borrowing, lending, and short-selling crypto assets. It provides users access to a scalable and accessible currency market in which tokens are listed and minified automatically. Following the Ethereum mainnet, Beta Finance intends to launch on layer one and layer two complementary solutions.

Beta Finance has considered short-selling a crucial financial instrument missing in the DeFi ecosystem, facilitating a stable and efficient market. Users can do so conveniently with the platform’s short-selling tool. One simple click is to select the DEX to redeem and deposit new collateral, saving the principal on the short position.

BETA is an official utility token in the Beta Finance ecosystem, operating on the Ethereum platform according to ERC20 standards and can be used for the following purposes:

• Incentivize staking for BETA token holders on the protocol and receive associated commissions
• Mining liquidity from activities placing assets in a lending pool for short selling/allowing loans
• BETA token holders have the right to participate in decisions such as modifying, upgrading, and improving protocols on Beta Finance.