1/ It’s been a little over a year since we launched Beta Finance, and we will still be here for the years to come
🧵👇 Explaining our mindset, work and path forward
Beta Finance’s Tweets
5/ 🔜We’ll be looking to upgrade the risk parameters of the wstETH and rETH pools soon!
🤲To get $wstETH head over to stake.lido.fi
🤲To get $rETH head over to rocketpool.net
💱Or buy either from a DEX!
✨Stay tuned for more updates
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4/ 🆙 Shanghai Upgrade
🍀The Shanghai Upgrade is a planned Ethereum network upgrade that is scheduled for sometime March 2023
✳️ EIP-4895 included in the upgrade will enable withdrawals of staked ETH
🆓ETH holders will be able to stake and unstake at will
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3/ 🌊 What are liquid staking derivatives?
Normally, staked ETH is not exchangeable. LSDs allow users to trade staked assets as if they were liquid assets. This means that users can access their staked ETH for trading + exchange while still earning yield
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2/ 💨 Some quick facts on staked ETH
🤯Currently over 16M $ETH is staked (~13% supply), worth over $24B!
💱Up to ~7% APR for staking ETH
❌Staked ETH can’t be withdrawn until the Shanghai Upgrade
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1/ 💫 New pool listings LIVE now - wstETH💧 and rETH🚀
🔓Unlock new use cases for your LSDs by lending and borrowing on Beta!
❓What are liquid staking derivatives (LSDs)?
🆙 Shanghai upgrade scheduled for March ‘23! What does this mean?
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🎁 We want to wish everyone a Merry Christmas and a Happy Holidays🎄
We're looking forward to welcoming the next year and the exciting things to come💫
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3/ We now believe more than ever in the importance of trustless, decentralized, permissionless finance.
Systems that are resistant to central points of failure; systems that are resistant to even the worst situations
This will take time, but we'll get there eventually
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1/ We are saddened by the recent events
We want to make clear that never had exposure or relationships to FTX and/or Alameda, and that the company is healthy
Our condolences go out to all members of our community and the crypto community at large today
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$BETA 🟣is now listed on #Binance Simple Earn Flexible Products!
Earn here: binance.com/en/simple-earn
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10/ Public repo for the smart contract of our code:
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9/ We are excited that the introduction of the dynamic triple-slope interest rate model will allow for more efficient market activity for lenders and borrowers across all markets
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8/ We want to thank the buildoooors at for their feedback and consultation when developing the new interest rate model
For other buildoooors needing help, their DM’s are open 👍
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7/ 🧑💻$1,000 to $3,000 rewards is now available for disclosure of significant bugs or attacks present in the code that result in theft of funds and/or loss of user funds
As always, check out our full bug bounty program on !
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6/ 3️⃣Triple-slope the middle portion where the target range is means the interest rate stays constant
The slopes to the left and right of the target portion are able to be adjusted more aggressively to match activity demands
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5/ 🧨Dyanmicity means we are now adjusting the interest rate based on utilization AND the duration of the utilization rate.
Green-dotted is the max rate the curve shifts upwards💹
Red-dotted is the min rate the curve shifts downwards🔻
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4/ Let’s walk through an example by looking at a bUSDC money market
🔧Customizability means we can now configure the optimal utilization rate range and the min/max shifts of the curve for each token
For example, setting the target range as 70-80% for bUSDC and 20%-30% for bSHIB
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3/ To solve these problems we introduce the dynamic triple-slope interest rate curve 💫 with 3 core features:
🔧Customizability
🧨Dynamicity
3️⃣Triple-slope
What does this mean? 👇
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2/ Two major problems exist with interest models for long tail assets
1️⃣Borrowing of long tail assets is concentrated around shorter time durations
2️⃣Interest models separate by risk profiles only and do not capture differences in activity
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1/
❗DYNAMIC TRIPLE-SLOPE INTEREST RATE CURVE❗
💵$1,000 to $3,000 bug bounty available💵
What is ‘s new dynamic interest rate model? 👇🧵
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Quote Tweet
Here’s some alpha for your $BETA! Track your @beta_finance positions on Harvest (Portfolio) now! 
bit.ly/HarvestProtoco
Beta Finance is a #permissionless money market for borrowing, lending, and shorting #cryptocurrency assets.
#WebTr3e
bit.ly/HarvestProtoco
Beta Finance is a #permissionless money market for borrowing, lending, and shorting #cryptocurrency assets.
#WebTr3e
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12/ We’ll unveil details on our new product, as well as a new roadmap, at the right time.
Again, we are as eager as you to launch earlier, but we must proceed carefully.
🙇♂️Thank you for your continued support
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11/ Beta Finance is here to stay.
After much exploration, we are glad to say we have identified a direction that aligns with our mission to further the Web3 ecosystem and onboard the next million users.
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10/ Our protocol has remained secure since launch and will continue to be available for usage
Anyone who has questions or issues with the product is able to join our Discord to receive help from a team member
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9/ We have actively supported the protocol for permissionless money markets for lending, borrowing, and short selling assets.
We actively monitor the health of our protocol and any risk the protocol may have
Our protocol is battle-tested and safe, without exploits
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8/ The suite of products that will be delivered in the future will be associated with the existing governance token, $BETA. There are no plans and will not be plans for additional governance tokens for Beta Finance
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7/ 🔍We have been active exploring multiple products and identifying the right pivot
We want to build products that unlock new user experiences and are suitable for Beta Finance
We are as eager as you to bring products to market, but delivering solid products can’t be rushed
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6/ Finding product-market fit is challenging. Rather than wait for conditions to change and activity to revitalize, we decided to explore the suite of products that would further Beta Finance
Companies that choose to adapt and explore have the opportunity to find success and PMF
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5/ We explored strategies to spur activity through incentives, collaborations, multi-chain, PoL and more, but the current market climates were not conducive
Nevertheless, we still believe with the right market conditions the product will be demanded and we remain ready
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4/ We seek to innovate and build to further the Web3 ecosystem, and will continue to do so⚙️
Although with the market state, on-chain DeFi users did not find the conditions correct to spur widespread adoption of our short selling product. We are not discouraged 📈
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3/ We were the first if not one of the first to:
🏦Deliver a clean, simple 1-Click Short UX to short LTA
🔓Allow users to permissionlessly list a money market for any token
🦄Leverage the V3 VWAP oracle and V3 incentives
🤝Enable direct loan repayment with collateral
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2/ We started with the mission to curb speculation and volatility
Our flagship product, permissionless money markets allowed anyone to create a money market for any token and unlocked new financial tooling through short selling
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We’re excited to bring you █████████████ by Beta 🎉
🖱️Join now to get exclusive access at hello.betafinance.org!
🤝 Refer your friends with your link to get priority
🔜 More information coming soon 👀
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Introducing our newest in-house product - ZAAP, “Swiss Army Knife” for NFT Projects ✨🎊
Though in production, this product will help bridge traditional artists to the world of blockchain
Read full details here:
bit.ly/3xXyl8W
Let us know what you think down below 👇
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New opportunity for any builders out there looking to get their projects off the ground with high impact!
Check out the 🧵👇
Quote Tweet
Turn your #Web3 project into a rocketship with 
Alpha Incubate
APPLY HERE!
bit.ly/39QM3lG
Now is your chance to get extensive guidance from top minds in Web3 and access to users & liquidity from day 1!
Application deadline: May 27th 2022 at 11:59 PM UTC
Alpha Incubate
APPLY HERE!
bit.ly/39QM3lG
Now is your chance to get extensive guidance from top minds in Web3 and access to users & liquidity from day 1!
Application deadline: May 27th 2022 at 11:59 PM UTCShow this thread
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