collateral: News of Beta Finance (BETA) - June 2024 Price Update - 8.63% Breakout Crypto News and Analysis

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Spot the Main Event:

Omni is expanding its asset support!🚀 As a leading lending platform with diverse asset listings, Omni will continue to list $CAKE, $BETA, $BAND, $C98, $GMT, $AI (on @BNBChain), and $PEPE, $SHIBA, $ALPHA, $MEME, $BETA, $LINK (on @Ethereum) until 11/01/2024 🕰️These altcoins will remain available as collateral for borrowing stable assets.

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Explore the Core.

Beta Finance is a permissionless money market on Ethereum for borrowing, lending and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionlessly and automatically and where users can short these tokens. Beta Finance plans to launch on additional layer one and layer two solutions after its Ethereum Mainnet launch. Users have three options: lending, borrowing and shorting. Lenders will be able to lend crypto assets for any market that exists on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers are able to use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation

Spot the Main Event:

Omni is expanding its asset support. As a leading lending platform with diverse asset listings, Omni will continue to list $CAKE, $BETA, $BAND, $C98, $GMT, $AI (on BNBChain), and $PEPE, $SHIBA, $ALPHA, $MEME, $BETA, $LINK (on Ethereum) until 11/01/2025. These altcoins will remain available as collateral for borrowing stable assets. There are currently a lot of users engaging in the borrowing of the listed assets on the Beta finance (Omni), which seems to raise appeal of the token.

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Explore the Core.

Beta Finance is a permissionless money market that allows users to borrow, lend, and short crypto assets. It enables lenders to earn risk-free yield and borrowers/traders to short any crypto asset using ETH or stablecoin as collateral.

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Spot the Main Event:

Omni is expanding its asset support! 🚀 As a leading lending platform with diverse asset listings, Omni will continue to list $CAKE, $BETA, $BAND, $C98, $GMT, $AI (on BNBChain), and $PEPE, $SHIBA, $ALPHA, $MEME, $BETA, $LINK (on Ethereum) until 11/01/2024 These altcoins will remain available as collateral for borrowing stable assets.

Explore the Core.

Problem Solved: Limited Access to Borrowing and Lending: Traditional DeFi often requires over-collateralization, meaning users have to deposit more crypto than they want to borrow, limiting participation. Beta Finance aims to make borrowing and lending more accessible. Inefficient Borrowing Rates: Borrowing interest rates in DeFi can fluctuate significantly. Beta Finance strives to provide stable and predictable interest rates for both lenders and borrowers. Lack of Shorting Options: Shorting allows users to bet on the price of an asset going down. Most DeFi platforms don't offer this functionality. Innovative Use Cases: Isolated Collateral Model: Beta Finance uses an isolated collateral model. This means a user's collateralized position at risk of liquidation doesn't endanger other positions they hold, reducing overall risk. Flexible Borrowing and Lending Options: Beta Finance allows users to borrow and lend a variety of crypto assets, including stablecoins and altcoins. Users can choose their risk tolerance by selecting different collateral pools with varying interest rates. Permissionless Shorting: Beta Finance allows users to short any listed crypto asset by providing collateral. This can be used for hedging strategies or profiting from price downturns.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.