(1/6) Beta Finance enables anyone to create a money market for any token at any time and initiate short positions easily through our 1-click short!
Let’s dive into how users can create money markets and earn high yields on all their crypto assets.
(2/6) Say $ALPHA doesn’t exist, just enter the $ALPHA token address, and our dApp will give you the option to create the new money market. Click the button, and now you can start lending and earning high APY on your $ALPHA tokens!
(3/6) Yes, that’s it, a button click. Completely permissionless and automatic for users. There will only be one lending pool per token, so once it’s created users will be able to perpetually interact with the money market.
(4/6) So, how do we enable the support of not only popular assets, but also the long tail of more volatile assets?
Beta Finance uses an isolated collateral model!
(5/6) An isolated collateral model means, for example, the 1000 $USDC you use as collateral to short $UNI is isolated from the 100 $USDC used to short $SHIBA. If $SHIBA spikes in value, only your 100 $USDC is at risk of liquidation, and the 1000 $USDC is safe.
(6/6) This technical framework makes it less risky to interact with volatile assets for users. We have additional safeguards to mitigate risks and will detail in a future announcement. So be sure to follow our Twitter and social media to stay updated on the latest about Beta!
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(1/8) Last Friday Beta Finance hosted an AMA with @AlphaFinanceLab! There were a lot of great questions, so in case you missed it, here are the highlights!