Beta Finance Investors Revealed

The permission-less money market to lend, borrow, and short crypto assets. Beta Finance thrilled to reveal its investors which includes  Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital

“We are excited to see Beta unlock new utility for digital assets that have historically been overlooked. We believe Beta’s focus on novel assets, isolated collateral model, cross-chain support, and backing from the Alpha ecosystem will push the boundaries of on-chain credit markets. We look forward to supporting the Beta team on their journey to become a liquidity hub for DeFi.” — Anjan Vinod, ParaFi Capital

Beta Finance is creating an accessible, easy-to-use tool for shorting. This is one of the most commonly used financial instruments in traditional finance, yet there is no such tool that currently exists to easily initiate and manage short positions. Beta Finance will enable DeFi users and traders without technical know-how to take the opposite side of a trade, and facilitate greater market efficiency and stability to ensure the healthy value accrual of tokens.

“Beta is an up-and-coming permissionless money market with a focus on providing access to long-tail assets and improving the ease of obtaining short exposure to assets. Backed by the strength of Alpha Finance’s ecosystem, Beta is well-positioned to thrive in the money market space and we are excited to provide our full support to the team in its journey.” — Gabriel Tan, Spartan Group

Beta Finance  are excited to work closely withtheir investors and advisors as they scale Beta Finance on Ethereum and cross-chain, building out technical infrastructure, partnering with established DeFi protocols to synergize their products together, and actively engaging with and growing their Beta community.

ABOUT BETA FINANCE
Beta Finance is the permissionless money market protocol to lend, borrow, and short crypto assets.

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BTC Dominance: 41.59%(-0.11%/24h)
ETH Dominance: 19.6%(-0.03%/24h)
Defi Market Cap: $141.23B(-27.84%/24h)
Total Market Cap: $2497.53B(+1.57%/24h)
Total Trading Volume 24h: $110.98B(-32.71%/24h)
ETH Market Cap: $490.53B
Defi to ETH Ratio: 28.79%
Defi Dominance: 5.36%
Altcoin Market Cap: $1458.92B
Altcoin Volume 24h: $80.55B
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Active Cryptocurrencies: 7741
Active Market Pairs: 49826
Active Exchanges: 436
Total Exchanges: 1545
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