Beanstalk
Beanstalk is a decentralized credit based algorithmic stablecoin protocol that is built on Ethereum. Beanstalk uses credit instead of collateral to create price stability relative to a non-blockchain-native asset. Beanstalk does not have any collateral requirements. The first Beanstalk issues a USD stablecoin (USDBean Logo) on the Ethereum blockchain.

Beanstalk issues 3 ERC-20 Standard tokens: (1) Beans, the Beanstalk stablecoin, (2) Stalk, a yield generating governance token, and (3) Seeds, which yield 1/10000 Stalk every Season. Seasons are the Beanstalk-native timekeeping mechanism. Each Season is ∼1 hour long.
Beanstalk is a crypto stablecoin that is based on credit instead of collateral, and runs on the Ethereum blockchain, with a decentralized price oracle.
BEAN