What is Bella Protocol?
Current DeFi projects lack transparecy, and are blocking users to join the trend due to high gas fees, low speed and complicated methods to deposit or stake. The Bella Protocol (BEL) comes as a solution for the above issues, with the hybrid build, both DeFi and CeFi in the same time. Bella provides custodian services as a DeFI gateway, simplified deposit, high yield farming from high tech arbitrage strategies. Bella has the ability to be integrated with CEX's for yield farming and trading and aims user friendly mobile banking experience, with the 1-click design.
Features and products
Bella currently offers three products; Bella 1-Click, Bella Lending and Bella Flex Savings, all offering automation, zero gas fees and smart pool route with the best yield and most competitive return. Bella 1-Click is a smart gateway which offers simple yield farming for popular DeFi products while Bella Lending is the flexible decentralized market, with liquidity mining and bonuses. Bella Flex Savings has an A.I. engine that advise what cryptos and stable-coins to be picked to obtain the highest yield guaranteed. For all three products, the token holders are receive profit sharing, discounts and voting power.
Powered by Ethereum, incubated by ARPA
The Bella ecosystem is powered by Ethereum and incubated by ARPA. The direct result is that the ARPA cryptographically enables private smart contract, privacy protection and scalable computational sharding. Even under malicious conditions, the correctness remains untouched and the speed remains unaffected. Bella Protocol has a strategic position in the ARPA long-term development and will attract users from the ARPA users pool.
At Bella, we want to bring your everyday banking experience to crypto. A majority of crypto holders cannot participate in DeFi due to high cost and poor user experience. - Felix Xu (Bella CEO & Co-Founder)
The Bella (BEL) Utility Token
$BEL is the governance token in the Bella ecosystem and the total supply of $BEL is 100,000,000 tokens. The BEL token can be used on the Bella 1-Click, Bella Lending and Bella Flex Savings, to pay for transactions and is the reward for long-term staking and liquidity providers. The holders will receive fee discounts, similar to Binance Coin use on Binance, meaning that they will pay less fees if using the native coin. The Binance listing of Bella Protocol will be on Wednesday, the 16th of September, with a starting price of 1 BEL : $0.75. As the Bella DeFi ecosystem is evolving, BEL holders will have their say for new products, new releases and other upgrades.
Binance added the Bella Protocol as the 1st product of the Launchpool. It went live on Wednesday, the 9th of September and users can farm Bella Protocol (BEL) by staking Binance Coin (BNB), Binance USD (BUSD) and ARPA for 30 days. The split of Bella Tokens will be 90% (4.5 million BEL) for BNB staking, 9% (450k BEL) for BUSD staking and 1% (50k BEL) for ARPA staking. On the 9th of October, when the last share of 166 thousands of BEL will be distributed, the campaign will end.
Meanwhile, on the 16th of September, Binance will officially list $BEL for trading, and will set pairing with Bitcoin, Binance Coin, Binance USD and Tether. The Bella Protocol (BEL) rewards will be calculated and distributed daily in the spot wallet after midnight.
Links and referrals:
Amazon author page: PV Mihalache
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