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.
Where is Bean available for purchase?
You can exchange BEAN tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Bean is Basin, notably the BEAN/WETH pair, which saw a trading volume of $ 2,649.99 in the past day.
What is the highest value Bean (BEAN) has ever reached?
Bean (BEAN) reached its peak price at 4.65 $ on 01 October 2023, approximately 2 years ago ago. Presently, the current price is -91.68% lower than this all-time high.
What is the historical minimum price for Bean (BEAN)?
The minimum price reached for Bean (BEAN) was 0.001032 $, documented on 22 June 2022, more than 3 years ago. In comparison, the current price is 37,354.3%, it above this historical low.
What is the fully diluted valuation of Bean (BEAN)?
The fully diluted valuation (FDV) of Bean (BEAN) stands at $ 9,71 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of BEAN tokens. The realization of this FDV might take several years depending on the emission schedule of BEAN tokens.