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OlympusDAOOlympusDAOby0x8D06Ffb1500343975571cC0240152C413d8037780x8D06…3778

Add BEAN as collateral (and slowly replace DAI)

Voting ended over 4 years agoSucceeded

Beanstalk (BEAN) is a decentralized credit based algorithmic stablecoin protocol that is built on Ethereum. Beanstalk uses credit instead of collateral to create price stability relative to a non-blockchain-native asset.

A stablocoin with NO-collateral needed!

Highlights:

  • The first Beanstalk issues a USD stablecoin (BENA) on the Ethereum blockchain.
  • Beanstalk offers a variety of passive and active opportunities for BEAN holders to earn interest directly from the protocol.
  • Beanstalk does not have any collateral requirements. Beanstalk uses credit instead of collateral to create price stability relative to a non-blockchain-native asset.

Off-Chain Vote

Yes
6.61K 18.6%
No
28.84K 81.4%
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Timeline

Oct 09, 2021Proposal created
Oct 09, 2021Proposal vote started
Nov 09, 2021Proposal vote ended
Oct 26, 2023Proposal updated