Beanstalk Farms protocol
Overview
Beanstalk Farms is a decentralized, credit-based algorithmic stablecoin protocol on Ethereum. It issues a stablecoin called Bean that is not overcollateralized, instead using a dynamic peg maintenance mechanism involving staked governance tokens (Stalk) and a 'Silo' system. The protocol is governed by its community through a two-token model of Stalk and Seeds.
Within the DeFi Intel graph, Beanstalk Farms connects to 1 tracked entity, most strongly to Ethereum.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 85% |
Frequently asked questions
What is Beanstalk Farms?
Beanstalk Farms is a decentralized, credit-based algorithmic stablecoin protocol on Ethereum that issues a stablecoin called Bean.
How does Beanstalk Farms maintain the peg of its stablecoin?
Beanstalk Farms uses a dynamic peg maintenance mechanism involving staked governance tokens (Stalk) and a 'Silo' system, rather than overcollateralization.
What chain does Beanstalk Farms run on?
Beanstalk Farms is deployed on Ethereum.