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Bean (BEAN)

$1.020USD
1.00000000 BEAN
(+1.57 %)
Coin
Market Cap
$ 24,670,000
Volume 24h
$ 125,610
Circulating Supply
24,096,700
Bean Chart
Description Bean

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.

Bean Price $1.02
Market Cap $ 24,670,000
Volume 24h $ 125,610
Circulating Supply 24,096,700
Total Supply 0
24h Change +1.57 %