Beanstalk
Beanstalk is a credit-based, algorithmic and decentralized stablecoin issuance protocol.
What is Beanstalk?
Beanstalk is an Ethereum-based permissionless and algorithmic fiat stablecoin protocol. It is used for issuance of BEAN stablecoin pegged at 1:1 ratio to the US Dollar. Beanstalk is different from fiat and crypto-collateralized stablecoin protocols as it works based on a credit-based price stability model. The users of the Beanstalk protocol are constantly rewarded with economic incentives for issuing credit or providing liquidity to the protocol and thus maintaining BEAN’s price stability.
Web3 dapps and developer tools related to Beanstalk
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Ape Finance
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GAIB
Reserve Protocol
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Beanstalk alternatives
Explore web3 competitors and apps like Beanstalk.
River Inc
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ScientixApp store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
