. What is Bella (BEL)? Here is Crypto Money BEL Coin in All Details – In this article, What is Bella (BEL)? We will try to answer the question and provide detailed information about the project.
In this article, What is Bella (BEL)? We will try to answer the question and provide detailed information about the project.
What is Bella (BEL)?
Bella Protocol is a unified user interface for existing Decentralized Finance (DeFi) protocols. Created by the ARPA project team, Bella Protocol aims to simplify the user experience of existing DeFi protocols and allow users to easily distribute their assets and gain profits.
The planned products of the Bella Protocol include:
Bella Liquidity Mining: Users can share Curve, ARPA / USDC, BEL / USDC Liquidity Provider (LP) tokens and receive BEL rewards.
Bella Flex Savings: Offers cross-platform arbitrage return farming strategies for stabilcoins and other cryptocurrencies.
Bella One Click: Smart portal to distribute assets to popular DeFi products with subsidized gas fees through Bella’s custody service.
Bella Lending: Decentralized lending product with support for LP tokens and structured finance products.
Bella Robo-Advisor: Creating a portfolio of indexes, earning fixed coins and other crypto assets customized according to the user’s risk profile.
The BEL token can be used for staking, fee collection, discounts on Bella services as well as voting and governance on the Bella Protocol platform.
The Bella Protocol raised a total of USD 4.50 million with a private token sale in August 2020, selling 6.00% of the total token supply at a rate of 0.75 USD / BEL.
What is Bella Protocol (BEL)?
Bella Protocol aims to tackle existing trouble spots in the DeFi user experience, such as high gas fees and a steep learning curve, and to engage more users in the DeFi ecosystem. Bella offers a variety of cross-platform yield farming strategies with automatic rebalancing and caters to both new and experienced users on-chain or through Bella’s custody service. The project also minimizes the transaction gas charges involved by combining transactions and interacting in groups with smart contracts (every 12 hours). BEL is the local utility token of the Bella ecosystem and comes up with the following use cases.
Fee Collection: A portion of the transaction and service income generated from the platform will be used to reward BEL trainees and voters. The revenue stream is shared between: BEL trainees and voters, referral channels, operational budget, and the project’s risk reserve (an asset pool to be used to compensate users when security incidents occur).
Discounts: BEL owners enjoy service fee discounts. For example, users will pay less to use the Robo-Advisor product when they choose to pay their fees at BEL.
Staking: The Bella Protocol team plans to initiate staking rewards for regular BEL token holders to offset the increase in circulating supply in the first two years.
Voting and Governance: Users with BEL tokens can vote for potential product upgrades, releases, and parameter corrections.
By clicking this link, you can get Bella Protocol (BEL) coin from Binance with a 10% commission discount.
To get the latest news To our Telegram channel, To our Twitter page and To our Facebook page You can subscribe.
