Beanstalk Overview
- What is Beanstalk?
Beanstalk is an Ethereum-based stablecoin protocol that issues the BEAN stablecoin at a 1:1 ratio to the US Dollar. It differs from other stablecoin protocols as it operates on a credit-based price stability model. Stability is achieved through an algorithmic adjustment of supply and demand.
- Main Features
- Credit mechanism to issue stablecoinsGoverned by a DAOTimekeeping mechanism called SeasonsCheap and fast transactionsEarn interest by lending Beans
- Blockchains
- Ethereum
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