ChainCatcher news, according to monitoring by The Data Nerd, about 4 hours ago, a multi-signature wallet suspected to belong to the Beta Finance team transferred 170 million BETA tokens to Binance, worth approximately 7.37 million USD, accounting for about 17% of its total supply.

ChainCatcher news, according to RootData data, the Beta Finance token (BETA) has increased by 118.09% in the last 24 hours, currently priced at $0.093.According to the Web3 asset data platform RootData, Beta Finance is a permissionless money market protocol for lending and shorting cryptocurrencies. Beta Finance uses an isolated collateral model, eliminating any use of cross-collateralization.

ChainCatcher message, Beta Finance announced on social media that it has partnered with DWF Labs to enhance the capital efficiency of assets in DeFi. Through an innovative risk pool mechanism, it aims to maximize the returns and capital efficiency for both borrowers and lenders.It is reported that the team at DWF Labs has developed a new risk pool mechanism that allows lenders to more flexibly choose to join or exit collateral, thereby increasing the opportunities for more collateral assets to enter the market.

ChainCatcher message, DeFi derivatives [Beta Finance](https://www.rootdata.com/zh/Projects/detail/Beta Finance?k=NzY1) tweeted that it has used Multichain's infrastructure to bridge between Avalanche and BNBChain. Given the current situation of Multichain, users are advised to use the Avalanche Bridge when withdrawing BETA tokens. However, Beta Finance will continue to provide liquidity for existing projects on the Multichain network to allow users to bridge smoothly, and bridging between Avalanche and BNBChain can still be processed. (Source link)