Beta Finance is an Ethereum-based permissionless money market for borrowing, lending, and shorting cryptocurrency assets. It gives consumers access to a scalable and accessible money market where tokens can be listed without authorization and automatically, and users can short these tokens. After the Ethereum Mainnet launch, Beta Finance expects to launch on more layer one and layer two solutions.
The considerable volatility of cryptocurrency has been identified by Beta Finance as a barrier to individual and institutional adoption of DeFi. It considers short-selling to be a crucial financial tool that is currently missing from the DeFi ecosystem, as it promotes market stability and efficiency. The platform's "1-Click Short" function makes it simple for users to do so. To select the DEX to swap via and stake the newly switched collateral with the principal in the short position, all it takes is a single click of a button.
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