Beanstalk Project Introduction, Team, Financing and News

Performances

RD Popularity Index

3357.14% (24h)

0100200300400500

Project Rank: 2616/15395

RD Growth Index

404.22% (24h)

0400800120016002000

Project Rank: 6919/15395

Comparison

Event Calendar

Apr 17, 2022

Beanstalk suffered a security incident, resulting in approximately 181000000 USD in losses.

Follow Updates

Follow Lists

People

Details

Beanstalk is a decentralized stablecoin protocol built on Arbitrum that issues Bean, an algorithmic stablecoin pegged 1:1 to the US Dollar. It does not rely on collateral but instead adjusts supply through a credit mechanism: when Bean's price is above the peg, the protocol mints new Beans and rewards depositors; when below, it issues debt (Pods) and attracts users to deposit Beans in exchange for future yields, thereby reducing circulation. The protocol uses the EIP-2535 Diamond standard, splitting functions into multiple facets for upgradeability and efficient interaction.

Tags:

DeFi

Stablecoin Protocol

Ecosystem(1):

Ethereum

Founded:

2021

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