Beta Finance

Halal Rating :
Questionable
Last Price $0.05 Last updated:
Rank 573
1D Change -7.12 %
Market Cap $44.59m
Circulating supply 828,787,879
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Binance Launchpad
  • DeFiance Capital Portfolio
  • Multicoin Capital Portfolio
  • ParaFi Capital
  • Spartan Group

Beta Finance is the permissionless money market for borrowing, lending, and shorting crypto assets. This means that anyone at anytime is able to create a money market for any crypto asset. Lenders are able to now earn risk-free yield (as high as 1000+%) on not only popular assets, but also the long tail of crypto assets, including yield farmed tokens, that exist today! Easily deposit your tokens on Beta into the token's money market, or create it yourself if it's not there yet. Borrowers are able to borrow crypto assets by supplying ETH and/or Stablecoin as collateral. This gives users flexibility when interacting with other protocols that requires using assets they currently do not have without losing their current positions. Traders are able to short sell any crypto asset by using their ETH and/or Stablecoin as collateral. Beta provides an integrated "1-Click" Short that makes initiating and managing short positions simple. Liquidators are able to earn a premium bounty reward for monitoring and liquidating under-collateralized positions.

Crypto Impact

To assign a comfort level investing in Beta Finance from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Beta Finance.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating