Ethereum

Beta Finance

Security

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/beta-finance-simplifies-crypto-borrowing" data-wpel-link="internal" rel="noopener noreferrer nofollow">Beta Finance Simplifies Crypto Borrowing</a><br></p>
<p style="text-align: justify">Beta Finance, a decentralized money market on Ethereum, offers a platform for users to borrow, lend, and short various crypto assets. Since its launch on the Ethereum Mainnet, Beta Finance has plans to expand its services to additional layer-1 and layer-2 solutions.</p>
<h2 id="what-does-beta-finance-offer">What Does Beta Finance Offer?</h2>
<p style="text-align: justify">Users can engage in lending, borrowing, and short selling on Beta Finance. Lenders provide crypto assets earning interest, borrowers take opposite positions, and short sellers use collateral to initiate short positions. Instead of utilizing an order book for short transactions, the platform employs decentralized exchanges with automated market makers.</p>
<h2 id="why-is-short-selling-essential">Why Is Short Selling Essential?</h2>
<p style="text-align: justify">Beta Finance points out that the high volatility of cryptocurrencies is detrimental to the broader adoption of decentralized finance (DeFi). The platform views short selling as a vital financial tool lacking in the DeFi ecosystem, which enhances market stability and efficiency. The “1-Click Short” feature allows users to conduct short trades seamlessly, selecting a DEX to swap and stake the new collateral with the principal in the short position.</p>
<h2 id="key-insights-for-users">Key Insights for Users</h2>
<p style="text-align: justify">Beta Finance operates an isolated collateral model, ensuring that a collateralized position at risk does not affect other positions. Initially, it supports ETH, USDC, USDT, and DAI, with the community voting for additional collateral types in Phase 2. Collateral factors differ: Stablecoins have a 90% factor, while ETH has an 80% factor. The platform ensures security through continuous internal <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">reviews</a>, external assessments, real-time monitoring, and a bug bounty campaign.</p>
<ul>
 <li>Isolated collateral model protects other positions.</li>
 <li>Initial support for ETH, USDC, USDT, and DAI.</li>
 <li>Stablecoins and ETH have different collateral factors.</li>
 <li>Security measures include internal and external reviews.</li>
 <li>Real-time monitoring and bug bounty for enhanced security.</li>
</ul>
<h2 id="how-to-purchase-beta-coin">How to Purchase BETA Coin?</h2>
<p style="text-align: justify">Purchasing BETA Coin can be done quickly and securely on <a href="https://en.bitcoinhaber.net/binance-tr-waives-fees-for-auto-investments" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the largest cryptocurrency trading platform by volume. Users need to register on Binance, transfer fiat currency, and then buy BETA Coin using trading pairs such as BETA/BTC, BETA/BNB, BETA/ETH, BETA/BUSD, and BETA/USDT.</p>
<p style="text-align: justify">Additionally, Binance offers the option to place buy orders below the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market price</a> using the Limit tab, allowing users to purchase BETA Coin at their chosen price.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/beta-finance-simplifies-crypto-borrowing" data-wpel-link="internal" rel="noopener noreferrer nofollow">Beta Finance Simplifies Crypto Borrowing</a></h5>

Beta Finance Simplifies Crypto Borrowing

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