Bean token
Overview
Bean functions as the algorithmic stablecoin native to the Beanstalk protocol, which operates on Ethereum. Its peg to a target value is upheld by a decentralized credit-clearing mechanism, as opposed to being backed by collateral. Within the Beanstalk ecosystem, the token serves both as a governance instrument and a means of transaction.
Within The Counterparty graph, Bean connects to 3 tracked entities, most strongly to Ethereum, Beanstalk Farms, Algorithmic Mechanism.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
issued_by | Beanstalk Farms | 95% |
backed_by | Algorithmic Mechanism | 90% |
Frequently asked questions
What is Bean?
Bean is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 3 other tracked entities, most strongly to Ethereum, Beanstalk Farms, Algorithmic Mechanism.
What type of entity is Bean?
Bean is classified as a stablecoin (token) in The Counterparty knowledge graph.
What is Bean connected to?
In The Counterparty knowledge graph, Bean is linked to 3 other tracked entities, most strongly to Ethereum, Beanstalk Farms, Algorithmic Mechanism.