YIBI is online LUNA2.0(Terra)、BETA(Beta Finance)

YIBI Offical
3 min readMay 31, 2022

Dear users,

YIBI has launched LUNA(Terra) 、BETA(Beta Finance) ,on May 31, 2022 at 15:00 (Hong Kong time), and opened LUNA/USDT 、BETA /USDT. We sincerely invite you to experience!

Introduction of the currency

LUNA

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It’s now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused a launch of a new chain — resulting in Terra Classic and Terra. Read a full breakdown of the Terra crash here.

The development of Terra Classic launched in January 2018 and the blockchain launched in April 2019. It attempted to combine the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offer fast and affordable settlements through its UST stablecoin. Terra Classic offered stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies.

The new Terra blockchain continues the legacy of Terra Classic without the UST stablecoin. It will keep building with the help of the LUNA community dubbed “LUNAtics” and evolve the world-class UX and UI that brought Terra Classic up to second place in total value locked (TVL) at its peak. Many DApps have agreed to migrate to Terra to continue their functionality.

More details:

Website:https://www.terra.money/

White Paper:https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf

Deposit and withdrawal are not supported

BETA

“Beta Finance is designed to offset volatility and facilitate healthy and widespread use of DeFi by individuals and institutions. The protocol builds an integrated one-click short selling tool that allows DeFi users to initiate, manage and close short positions across all tokens .The protocol enables anyone to create a money market for any token automatically and permissionlessly.

BETA is Beta Finance’s native utility token with the following current and planned features:

Staking Incentives: BETA token holders are able to stake their tokens on the protocol and serve as support to cover shortfall events. BETA token holders will receive a portion of the revenue generated by the protocol.

Liquidity mining: Liquidity is important for the efficient operation of the protocol, and liquidity providers need to put their assets into lending pools for lending and short selling. To incentivize these providers, liquidity providers will be eligible to receive BETA tokens through a liquidity mining program, adjusted based on the relative contributions of users and other parameters.

Governance: BETA token holders will be able to participate in the governance process of the platform and vote. Through governance, users can influence and modify Beta Finance’s product features and key parameters. This will allow BETA token holders to influence the direction of the protocol. “

More details:

Website:https://betafinance.org/

White Paper:https://betafinance.org/BetaWhitepaperAndDisclaimer.pdf

Smart Contract Address:0xbe1a001fe942f96eea22ba08783140b9dcc09d28(BSC)

Note: Please do not transfer coins to smart contract address, it cannot be retrieved.

Risk tip: Digital currency is a high-risk way of investment, please be careful to buy, and pay attention to investment risks. YIBI selects premium currencies, but is not liable for guarantees, compensation, etc.

YIBI Exchange team

2022/5/31

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YIBI Offical

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