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Bagels Finance

BAGEL
Official links

News

Pumpfun Transfers 81,712 SOL to Kraken, Impacting Solana Market

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Pumpfun has transferred a significant amount of SOL to Kraken, raising concerns about selling pressure in the Solana market amidst declining memecoin trading activity.
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Tenzin Dorje

Bitcoin ETF Inflows Surge Amid Improved Macro Sentiment

Bitcoin ETF Inflows Surge Amid Improved Macro Sentiment

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Bitcoin ETFs recorded significant net inflows of $1.323 million on July 17, indicating renewed demand for Bitcoin through regulated investment products.
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Bayarjavkhlan Ganbaatar

Polymarket Predicts Fed Rate Hold with 94% Probability

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Traders on Polymarket are pricing in a 94% chance that the Federal Reserve will hold interest rates steady at its upcoming July meeting, following softer inflation data.
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Bayarjavkhlan Ganbaatar

BitMine Immersion Technologies Expands Ethereum Treasury

BitMine Immersion Technologies Expands Ethereum Treasury

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BitMine Immersion Technologies has acquired 42,197 ETH for approximately $73 million to expand its Ethereum treasury, but its stock price fell, indicating cautious sentiment among equity investors.
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Mohamed Farouk

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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