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BETA is the native cryptocurrency token of Beta Finance, a decentralised money market protocol situated within the decentralised finance (DeFi) ecosystem. According to the protocol’s website, Beta Finance’s main aim is to reduce the volatility that comes with the cryptocurrency markets and offer stability for investors that are looking to lend, borrow and short sell. Built on top of the Ethereum blockchain, it hopes to take DeFi towards mainstream adoption. Alongside lending and borrowing, the protocol is known for its “1 click short tool”. This feature allows investors to open short positions on a range of different cryptocurrency assets with just 1 click, which can help investors hedge positions. The Beta Finance protocol borrows the token that you are trying to short and swaps it to your collateral token. The original collateral and the “borrowed” collateral is then swapped to the token that is being shorted. Users can also create a money market for any cryptocurrency they wish to. The BETA token is integral to the Beta Finance ecosystem. BETA token holders can stake tokens within the protocol to offer a backstop in case of liquidation events. In return for taking on this risk, BETA stakers are rewarded with a share of all transaction fees. The protocol also offers a liquidity mining program where liquidity providers are rewarded with BETA for providing liquidity to the protocol. The BETA token also holds governance rights within the Beta Finance ecosystem. Holders can utilise the token to vote on a range of different proposals and development plans, allowing BETA holders to steer the direction of the platform.
Beta Finance (BETA) is the 498th largest cryptocurrency in the world by market cap, valued at $41,264,046. The current price of Beta Finance is $0.14913756, which is 0.622% higher than yesterday. Prices have ranged between $0.16285412 and $0.13783627 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 06:05 UTC.
| Coin symbol | BETA |
|---|---|
| Coin Marketcap | AUD$41,264,046 |
| Total BETA supply | 1,000,000,000 |
| Circulating BETA | 401,666,667 |
| Current price | AUD$0.14913756 |
| All time high | AUD$7.0499 |
| All time high date | October 10, 2021 |
Historical prices compared with the price of $0.14913756.
| 1 hour | 3.46% |
|---|---|
| 24 hours | 0.62% |
| 7 days | -54.23% |
| 14 days | -63.36% |
| 30 days | -74.32% |
|---|---|
| 60 days | -73.34% |
| 200 days | -93.55% |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including Beta Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BETA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Beta Finance or any other cryptocurrency discussed.
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