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What is BETA token used for?

How the BETA token is used. How the BETA token is used. BETA finance is a money market that also enables shorting of assets including the long-tail of tokens.

BETA token is

BETA is the governance token of Beta Finance.

BETA token is used for

  • Governance of the protocol

What is BETA Finance?

BETA finance is a money market for lending/borrowing that also enables shorting of assets including the long-tail of tokens.

How BETA Finance works

Lender

A lender deposits their token in one of the verified markets and earns interest. Lenders can earn high APY even on the long-tail of assets.

Borrower

A borrower deposits collateral in token A and receives token B.

Short seller

  • A short seller deposits collateral in Token A.
  • A lenders Token B is swapped for Token A on SushiSwap or Uniswap and returned to the short sellers account.
  • A short seller can close the position and Token A is swapped for Token B.

The protocol starts with a couple of verified markets and will increase these going forward. And the markets are assed on different risk parameters.

Staking ALPHA

ALPHA stakers earn BETA through staking:

  • Number of tokens staked
  • Time staked

Staking and distribution takes place:

  • 6 months from Aug 18.

The token will also be airdropped to users of the protocol from Aug 18 – Sep 29.

Tokenomics BETA token

Total supply: 1 000 000 000

Token issuance:

  • 5% – Binance Launchpad
  • 5% – Alpha Stakers
  • ? – Airdrop
  • ? – Investors

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