Beanstalk

Beanstalk is a decentralized, credit-based algorithmic stablecoin protocol built on Ethereum.

## Overview Beanstalk is a decentralized, credit-based algorithmic stablecoin protocol that operates on Ethereum and Arbitrum. The protocol issues BEAN, an ERC-20 stablecoin designed to maintain a $1 USD peg through a combination of incentive mechanisms, credit instruments, and decentralized governance. Unlike collateral-backed stablecoins that require over-collateralization, Beanstalk uses a credit-based model where stability emerges from participant arbitrage incentives and supply-demand balancing. The protocol was designed to address limitations in existing stablecoin architectures. Traditi