Built on Ethereum, Beanstalk is a credit-based algorithmic stablecoin protocol. Designed with the intention of disrupting DeFi and the rent-seeking collateralized stablecoin market Beanstalk relies on credit as opposed to collateral. By doing so, it aims to create a decentralized, liquid, blockchain-native asset, which is stable relative to the value of a non-blockchain-native asset.
Link to my article
https://medium.com/@everythingblockchain/beanstalk-reaping-defi-bean-efits-463dc1e1f9d9
Link to bean.money whitepaper
https://bean.money/docs/beanstalk.pdf
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