Bean BEAN

Bean price today is $0.978091 with a 24-hour trading volume of $38,362.00. BEAN price is down $-0.23931% in the last 24 hours. It has a circulating supply of 31,576,362 BEAN coins and a total supply of 31,576,362.

The practicality of using Decentralized Finance is limited by the lack of a decentralized, collateral-free stablecoin. Borrowing rates on USD stablecoins remain excessively high, even as supply increases rapidly. Supply cannot meet demand due to collateral requirements. Beanstalk uses credit instead of collateral to create a decentralized, liquid, blockchain-native asset, which is stable relative to the value of a non-blockchain-native asset. Beanstalk creates protocol-native financial incentives to encourage participation in peg maintenance and governance without requiring any action from everyday Bean users.