The Beanstalk team a few months after hacking was restarted by Stablecoin Bean – Bits Media

The Beansstalk project restarted Bean - decentralized stabblecoin, who uses a loan to the US dollar instead of pledge to ensure binding to the US dollar.

The BEANSTALK team claims, that before launch two audit companies checked changes in the project code. Management The protocol was transferred to a multi -submarine wallet, controlled by the community until then, Until a safe control mechanism on the network is implemented.

“The Beansstalk experiment is functioning again. It is impossible to predict, How will he work, But the faith of Beanstalk Farms in the possibility of creating an unregistered stable coin is unshakable. The elimination of the pledge requirements can become a reliability catalyst, disclosure of the potential of decentralized finance for everyone ", - says the company's blog.

Restart of stablecoin became possible due to this, that users of the project, Owning more than 99% BEAN tokens, During the vote 5 August
Supported the restart of stablecoin.

The Beanstalk team began the restart process in May, When I offered to attract $77 Milln in the form of an over -time loan from private investors. The collection of funds began the same week, when algorithmic stablecoin Terra, Terrausd collapsed, Destroying more $40 billion of its investment value.

In mid -April, the hacker took advantage of the BEANSTALK control mechanism to steal assets. Then, due to exploit, the project lost $182 million.