Beta Finance to Launch DeFi Asset Shorting Platform

[EAA-ALLAH]

The latest new idea to come out of the decentralized finance (DeFi) sector is a platform that makes it easier to short crypto assets.Beta Finance claims that the extreme price volatility for cryptocurrencies triggers instability, and harms the long-term adoption of DeFi by both retail and institutional users. In a blog post introducing the protocol on July 8 it stated that excessive leverage, panic selling, and liquidations are all detrimental to the DeFi ecosystem, adding:We recognize the need for a counter-balancing force to this volatility in order to facilitate the healthy adoption of DeFi in the years to come.Source