1/5 Gm ☀️ Phase 2 is now live! $BETA LM rewards will be distributed to users who lend, borrow, and short tokens from our Beta Verified Markets! 🚀🔥 Permissionless listing is now live too! app.betafinance.org

272K% APY on #YFI @iearnfinance...? 😱
10+% APY on stables...? 🔥 2/5 Supported Beta Verified Markets are $USDC $USDT $DAI $ETH $WBTC $ALPHA $UNI $BAND $LINK $BAL $BNT $SNX $SUSHI $MATIC $YFI $CREAM $NFD

$BETA Rewards:
Lending APY ranges 1.34% - 65% right now
Borrowing APY ranges 9.31% - 272K% right now

1/6 A quick 🧵 to summarize the events and what's coming for Beta Finance.

Beta Finance is the 21st Binance Launchpad project and will be listing on Binance on Oct. 8.

Details: launchpad.binance.com/en/subscriptio… 2/6 Beta Finance will host its first AMA tomorrow, Oct. 5 at 12 PM UTC. $5000 USD in BETA rewards will be distributed to participants of the AMA! See below for more details:

https://twitter.com/binance/status/1445028194143272968?s=20

1/4 To mark the first week of our launch, we are pleased to announce the $YFI (@iearnfinance) and $CREAM (@CreamdotFinance) Beta Verified Markets are now live. Users are now able to deposit/borrow/short these tokens to earn interest and retro rewards! 2/4 $YFI (@iearnfinance) allows DeFi users to generate yield on their assets effortlessly by handling yield strategies on behalf of the user - a seamless UX, just as we try to achieve with Beta. We are excited to support $YFI as a Beta Verified Market!

1/6 Yesterday, we launched the $NFD Risky Market, the first of its kind in DeFi. Our goal is to enable traders to act as countering forces to volatile markets. To help educate traders, we walk through a trade with 23% return in 9 hours, while paying ~0.4% interest. Read on 👇📖 2/6 $NFD is a volatile asset that had a crazy run up (2000%+ in 2 days) in a short period, and draws skepticism of its sustainability. For speculators, Beta facilitates market efficiency by giving high APY to $NFD hodlers, and charging a premium (~1%/day) to short sellers.

1/x We were aware that @Cryptopathic is the largest liquidity provider of NFD in both the Uni V3 and Sushi pools. The high concentration on Sushi is a big reason why we included Uni V3 support, which has better liquidity. We spoke with him, and this is our evaluation...

https://twitter.com/transmissions11/status/1429683383437721603

2/x In theory, if @Cryptopathic removes liquidity from Uni V3 completely, price is easier to manipulate as liquidity is less deep. But if trading activity stays active, as it is now, it would be hard to manipulate 30 min TWAP without anyone actively arbing the tokens back...

(1/6) Token hodlers will be able to earn high yield by lending out their crypto assets on Beta Finance, enabling users to borrow and short these assets. But wait your tokens are getting shorted, so why should you lend them out? (2/6) Token holders need not fear shorts. Shorts are meant to reduce token volatility making markets stable and efficient. And this efficiency facilitates healthier long-term value accrual of the token. No more catastrophic token dumps!

(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!

(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!

For full AMA see Alpha’s Discord (AMA channel): discord.com/invite/Z2vuKDT (2/8) When will Beta Finance launch?

We will be launching Q3 2021! Our team is working hard to deliver the best product to our users, and can’t wait to share what we’ve built.