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. 

我们实时将 Bean 更新为 USD 货币。通过 Coinbase 获取最新 Bean 价格。

Bean的当前市值为 US$0.00。高市值意味着该资产在市场上的价值很高。

Bean的历史最高价位是 US$0.2309。这是Bean自推出以来的最高价格。

在过去 24 小时内，Bean的交易量为 US$1431.16。

与Bean具有相似市值的资产包括Prophet of Ethereum, ZENTU, Resolv Liquidity Provider Token和许多其他资产。要查看完整列表，请参阅我们的可比市值资产。

Bean的当前流通供应量是 0。