The platform believes that the financial applications require a stablecoin to be developed on decentralized and permissionless computer networks, DeFi. The current flaws in stablecoin implementations lead to sacrificing the significant advantages of decentralized computing. The users can keep faith in centralized parties and limit the potential market capitalization by imposing collateral needs. Thus, to solve the dilemma, the platform suggests a stablecoin that does not compromise with decentralization and does not need collateral. In contrast, it moves towards more stability and liquidity and aims to unlock the potential of DeFi. 

The platform proposed an Ethereum-based credit-based stablecoin protocol to issue an ERC-20 token standard to tackle the problems. An on-chain value oracle utilizes an existing centralized bridge between the Ethereum blockchain and the entire world to provide a decentralized, trustworthy, and low-cost source for the value of a non-Ethereum-native based peg. A DAO is regulated by a yield-generating, inflationary ERC-20 Standard coin that aims to guarantee protection, supports continuous liquidity creation, and reduces price volatility.

BEAN is the official token of the Beanstalk platform, pegged to the US dollar. The users with BEAN token can earn yield by staking BEAN into Beanstalk. The Ethereum protocol rewards the users for taking up actions that keep the BEAN pegged to USD. When the price falls below the peg, Beanstalk issues debt, which the user may acquire for a one-time predetermined yield rate. When the price exceeds the peg, Beanstalk produces more BEANs, lowering the value. The new-minted BEAN tokens are used to pay the debt and reward users who have staked the BEAN token.

 History of Beanstalk (BEAN)

The official whitepaper of the platform was published on August 6, 2021. The platform was created in August 2021 by anonymous economists and developers, utilizing the pseudonym Publius. 

Actualizamos nuestro Bean a EUR en tiempo real. Obtén el precio de Bean actual en Coinbase.

La capitalización de mercado actual de Bean es de0,00 €. Una capitalización de mercado alta implica que el activo está muy valorado dentro del mercado.

El máximo histórico de Bean es 0,20 €. Este valor representa el precio más alto pagado por Bean desde su lanzamiento.

Durante las últimas 24 horas, el volumen de negociación de Bean ha sido de 2,534 mil €.

Entre los activos que tienen una capitalización de mercado similar a Bean se encuentran FOAM, GATENet, MintMe.com Coin y muchos otros. Para ver una lista completa, consulta nuestros activos con capitalización de mercado comparable.

Actualmente, Bean cuenta con un suministro en circulación de 0.