Changelly continues to add tokens that are definitely worth noticing, and the BETA token is one of them. From now on, users can easily exchange BETA tokens at floating rates. BETA is an ERC-20 token on the Ethereum and BSC blockchains. Beta Finance allows users to borrow, lend, and short crypto assets, as well as to access a scalable money market. There, tokens can be listed permissionlessly and automatically, and users can short them. Beta Finance plans to introduce additional layer-one and layer-two solutions after its Ethereum Mainnet launch.
Users have three options: lending, borrowing, and shorting. Lenders can lend crypto assets to any market that exists on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers can 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.
Beta Finance team is doing really well on their way to decreasing crypto volatility. Such efforts couldn’t go unnoticed by Changelly. This is why we are happy to list the BETA token on our platform.
About Beta Finance
Beta Finance is a permissionless money market for borrowing, lending, and shorting crypto assets. This means that anyone can create a money market for any crypto asset at all times. Beta Finance aims to offset crypto volatility and bring market stability.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly website: changelly.com
Changelly PRO website: pro.changelly.com