We have outlined 4 key components to how Beema works, including:
Decentralized finance, or DeFi, is a term describing blockchain-based financial products that don't rely on a centralized organization to oversee. We believe that DeFi is a financial revolution empowering the individual rather than big corporations. Our users seamlessly benefit from the high, stable yields that DeFi has to offer through our simple web application.
We have partnered with Circle to help securely bridge the gap between banks and blockchain based products. Circle does this by issuing USDC stablecoins in exchange for USD. Stablecoins are designed to be non-volatile digital assets pegged to a reference asset such as USD or Gold. We utilize stablecoins to take advantage of DeFi applications such as Anchor Protocol.
After receiving confirmation from Circle, we convert all deposits into UST stablecoins and transfer them to Anchor Protocol. Anchor is a decentralized lending market that works in a similar way to the lending market that traditional banks implement.
Unlike traditional banks, DeFi applications like Anchor rely on clever computer code referred to as "smart contracts" to optimize market efficiency, decrease overhead and deliver industry-leading yields. Anchor is over-collateralized, and their collateral liquidation process is immediate and automated—this means that it is impossible for a borrower to default.
We believe our users should always have complete control of their money. Deposit and withdraw at any time. Deposits earn yield instantly and compound daily which maximizes your returns and allows you to literally watch your money grow.
Email [email protected] with any questions or concerns.
Beema Finance LLC, 2070 N Broadway 4663, Walnut Creek CA, 97596
Legal Disclaimer: Beema Finance uses its platform to connect willing buyers with Anchor Protocol. Beema Finance does not invest any money or digital assets, but rather acts as an intermediary in reliance on its third parties and other instrumentalities to convert digital assets into the stablecoins that are accepted by Anchor Protocol.