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Beta Finance is a permissionless money market for lending, borrowing, and short selling crypto assets. This means that anyone can create a money market for any crypto asset at any time.
What is Beta Finance (BETA)?
According to statements, Beta Finance allows lenders to earn risk-free returns not only on popular assets but also on a wide range of crypto assets, including yield farming tokens available today. Borrowers can borrow crypto assets by providing ETH and/or stablecoins as collateral. This provides flexibility for users to interact with other protocols that require assets they do not currently own, without having to liquidate their existing positions.
Investors can short any crypto asset using their ETH or stablecoins as collateral. Beta offers an integrated “1-Click” Short that simplifies the initiation and management of short positions.
According to the team, short selling serves as a counterforce to the price volatility and crucial financial infrastructure missing in DeFi. Instead of allowing volatility to remain the norm and relying on liquidation thresholds for price corrections, they aim to empower DeFi users with a simple and seamless experience to act as a stabilizing force against price volatility.
Beta Finance follows an isolated collateral model to support more volatile assets, meaning that a collateralized position at risk of liquidation will not jeopardize other positions. Initially, Beta Finance supports ETH, USDC, USDT, and DAI as valid collateral, and in the second phase, the community may propose and vote for additional collateral support. Collaterals are subject to various collateral factors: stablecoins have a collateral factor of 90%, while ETH has a collateral factor of 80%.
Additionally, the platform’s native cryptocurrency, BETA, is an ERC-20 token available on both Ethereum 
$2,516 and BSC.
Where to Buy BETA Coin?
BETA Coin can be bought and sold securely on Binance, the world’s largest cryptocurrency exchange by trading volume. BETA Coin is traded on the Binance platform in pairs such as BETA/BTC, BETA/ETH, BNB/ETH, BETA/USDT, and BETA/BUSD.
To purchase BETA Coin, you first need to register on the Binance exchange. Once the registration is complete, transfer either cryptocurrency or fiat currency to the Binance wallet. After the transfer is complete, you can buy BETA Coin from any of the three pairs mentioned above. For purchasing through the BETA/USDT trading pair, go to the interface of this pair. Enter the amount you wish to purchase in the designated area on the limit tab. Once the amount is entered, place a Buy BETA order to complete the purchase.
