How to Acquire BETA Coin Today?

Beta Finance is emerging as a decentralized money market facilitating the lending, borrowing, and short selling of various cryptocurrencies. Its open-access model allows users to establish money markets for any crypto asset at their convenience.

What Does Beta Finance Offer?

Beta Finance provides lenders with risk-free returns across a diverse spectrum of crypto assets, including yield farming tokens. Borrowers can secure loans by using ETH or stablecoins as collateral, enabling interaction with protocols without the need to liquidate existing holdings.

How Does Short Selling Work on Beta Finance?

Users can initiate short selling on any crypto asset using their ETH or stablecoins as collateral. The platform features a convenient “1-Click” Short function that streamlines the process of managing these positions. This mechanism is designed to counteract the prevalent price volatility in decentralized finance (DeFi), providing a more stable trading environment.

Beta Finance employs an isolated collateral model, meaning that the risk associated with one collateralized position does not affect others. Currently, the platform accepts ETH, USDC, USDT, and DAI as collateral, with additional assets potentially being added through community voting. Different collateral factors apply, with stablecoins set at 90% and ETH at 80%.

BETA, the platform’s native ERC-20 token, is available on both Ethereum and Binance Smart Chain (BSC).

Key points about Beta Finance and BETA Coin include:

• Permissionless money markets for all crypto assets.
• Risk-free returns for lenders.
• Flexible borrowing options using ETH and stablecoins.
• Short selling capabilities with simplified processes.
• Isolated collateral model to protect users’ positions.

To purchase BETA Coin, users can access Binance, the largest cryptocurrency exchange by volume. Registration on the platform is required, followed by the transfer of funds to the Binance wallet. Once funds are available, users can trade BETA Coin through various pairs, including BETA/USDT and others.