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Bagels Finance

BAGEL
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News

Ethereum Experiences Significant Price Drop Below $1,800

Ethereum Experiences Significant Price Drop Below $1,800

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Ethereum's price has recently crashed below the $1,800 mark, reaching a low of $1,536, raising concerns among investors about its future performance.
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Aisha Farooq

Ethereum's RSI Reaches Lowest Point Since 2015

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Ethereum's monthly RSI has dropped to around 40, its lowest since 2015, following a price crash below $1,800, raising speculation about potential future price movements.
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Li Weicheng

Dormant SHIB Wallet Reactivated, Transferring Billions of Tokens

Dormant SHIB Wallet Reactivated, Transferring Billions of Tokens

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A long-dormant Shiba Inu wallet has been reactivated, transferring nearly 400 billion tokens, raising questions about market implications.
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Tenzin Dorje

Shiba Inu Futures Positions Liquidated Amid Market Turmoil

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Over 382,000 Shiba Inu futures positions were liquidated in a single day, primarily impacting long traders.
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Bayarjavkhlan Ganbaatar

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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