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Bagels Finance

BAGEL
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News

Major Cryptocurrency Seizure in New South Wales

Major Cryptocurrency Seizure in New South Wales

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Police seized 523 Bitcoin worth over 42 million AUD during a significant operation in Ingleburn.
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Tando Nkube

Concerns Arise Over Institutional Influence in Bitcoin Development

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Concerns arise over institutional influence in Bitcoin development.
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Nguyen Van Long

Jack Mallers Stands Firm on Bitcoin's Principles Amid Wall Street Involvement

Jack Mallers Stands Firm on Bitcoin's Principles Amid Wall Street Involvement

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Jack Mallers expresses confidence that Wall Street's involvement in Bitcoin does not threaten its core principles, emphasizing Bitcoin's design as money for all.
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Kofi Adjeman

Morgan Stanley Undercuts Competitors with New Crypto Trading Fees

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Morgan Stanley has launched a crypto trading pilot on its ETrade platform, charging only 50 basis points per transaction, undercutting major competitors.
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Satoshi Nakamura

What is Bagels Finance?

Bagels Finance is a leveraged Yield farming cross-chain aggregation protocol deployed on Heco/BSC/Ethereum Layer2. Lenders can deposit ETH, WBTC, USDT, DAI, BNB, HT and other assets into smart contracts to obtain the highest interest return in the market. Borrowers can use 2-10x leverage to borrow money, resulting in up to 2-10x mining returns and BAGLE borrowing mining rewards, providing better liquidity for LP mining and decentralized transactions in Ethereum, BSC and HECO ecosystem. Bagels optimizes transaction processes to maximize liquid mining positions and maximize returns for miners. Deposit users in addition to can get high interest, but also can get deposit mining income, borrowing users can get leverage mining income, according to deposit and borrow the share of the corresponding BAGEL governance token reward. Holders of the currency can pledge BAGEL to participate in DAO's decentralized governance, become a board member of Bagels Finance, and receive a 50% dividend on Bagels platform revenue. One of the biggest highlights of Bagels is the implementation of multi-chain leveraged liquidity mining. Bagels V1 will be deployed in BSC/HECO/Polygon tri-chain, enabling vault farming and leveraged farming of multiple mainstream assets. At Bagels, utilization rate of the deposit pool can be up to 99%.Users' deposit rates will generally be higher than other DeFi lending platforms. The borrowing rate depends on the leverage multiple chosen by the user. The higher the leverage multiple, the higher the interest rate will be, but the borrower can get BAGEL rewards for leveraged mining.

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