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Beanstalk is a permissionless fiat stablecoin protocol built on Ethereum that uses credit instead of collateral to issue its native stablecoin.
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#3EB94E
Chateau Green
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Beanstalk is a renowned brand that has created a permissionless fiat stablecoin protocol known as Farmers' Almanac. The protocol is built on Ethereum and forms the foundation of an Ethereum-native, rent-free economy. At the core of the protocol is Bean, a stablecoin that ensures decentralization without requiring collateral. With competitive carrying costs and a focus on stability and liquidity, Beanstalk aims to unlock the potential of DeFi.
The primary objective of Beanstalk is to incentivize market participants to maintain the price of 1 Bean above its dollar peg in a sustainable manner. This unique approach fosters a vibrant ecosystem of independent actors.
For those interested in learning more about Beanstalk, the Farmers' Almanac provides valuable resources. Before engaging with Beanstalk, it is recommended to read the Disclosures prepared by the DAO. Technical documentation can be found in the Agronomics Handbook, while the Beanstalk whitepaper delves into the formulas behind its different mechanisms. Additionally, the Beanstalk Discord channel (#❓・questions) is available for inquiries, and feedback on the Farmers' Almanac is encouraged in the (#📜・docs-feedback) channel.
Experience the innovative world of Beanstalk and its dynamic stablecoin protocol today.
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The Beanstalk name, logos and brand assets are trademarks of Beanstalk and its affiliates. Brandfetch isn't affiliated with or endorsed by Beanstalk. Their use is subject to Beanstalk's brand guidelines.
