Beta Finance
BETA
$0.06

Sector

Defi

Exchange Debut

2021-10-11

Market Cap

47,430,601

Maxim Supply

1,000,000,000

Circulating Supply

798,484,848

Circ. Supply(%)

79.85%
beta finanace

Beta Finance

BETA

Price

$0.06

Market Cap

Sector

Exchange Debut

47,430,601
2021-10-11

Volume 24h

High 24h

Low 24h

1087878
0.059987878719
0.057919178548

Change 24h

Change 7d

Change 30d

0.9504
-1.5223
-11.319

Maxim supply

Circulating supply

Circulating supply(%)

1,000,000,000
798,484,848
79.85%

What is Beta Finance?

 

Introduction to Beta Finance

Beta Finance, operating on Ethereum, offers a permissionless money market for lending, borrowing, and shorting crypto assets. With plans to expand beyond Ethereum, the platform facilitates token listing automatically and allows users to short tokens. The available actions include lending, borrowing, and shorting, with the platform interacting with decentralized exchanges using automated market makers.

Origins and Backing

Allen Lee, an MIT graduate with a background at Microsoft and Facebook, founded Beta Finance. Renowned investors such as Spartan Group, ParaFi Capital, and Delphi Digital support the initiative, praising its focus on innovative assets, cross-chain support, and isolated collateral model.

Unique Features of Beta Finance

Addressing crypto’s inherent volatility, Beta Finance introduces short-selling, aiming to enhance DeFi adoption and stabilize the market. The “1-Click Short” tool simplifies the process. The platform employs an isolated collateral model, safeguarding against the liquidation risk of volatile assets. Initial valid collaterals comprise ETH, USDC, USDT, and DAI. Based on the assets’ volatility, they have varying loan-to-value ratios; for instance, stablecoins have a 75% ratio, while highly volatile ones like meme coins stand at 20%.

Ensuring Security in Beta Finance

Beta Finance relies on the ERC-20 token standard on Ethereum and BEP-20 on BSC. Their security framework is multi-faceted, including continuous internal code reviews, external security research, real-time monitoring, and a bug bounty program. Moreover, funds are secured in cold storage wallets and bank accounts, necessitating multiple approvals for fund movement. The platform has been vetted by OpenZeppelin and PeckShield. Ethereum, the underlying blockchain, is fortified by a proof-of-stake consensus.

Fundamental analysis of the Dynex - DNX cryptocurrency

Beta Finance - BETA performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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