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Bagels Finance

BAGEL
Official links

News

XRP ETF Trading Volume Surges, Indicating Strong Institutional Interest

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XRP ETF trading volume has surged past $26 million, indicating strong institutional interest.
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Zainab Kamara

Bitcoin's Unique Market Behavior Amidst Changing Dynamics

Bitcoin's Unique Market Behavior Amidst Changing Dynamics

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Recent analysis from XWIN Research Japan highlights that Bitcoin is exhibiting unique market behavior, not simply mirroring equity trends.
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Son Min-ho

Rakuten Launches XRP Conversion for Loyalty Points

Rakuten Launches XRP Conversion for Loyalty Points

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Rakuten has launched a feature allowing users to convert loyalty points into XRP, marking a significant shift in the use of cryptocurrency in retail.
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Ayman Ben Youssef

Fellowship PAC Secures $11 Million from Major Financial Players

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The Fellowship PAC has received $11 million from Cantor Fitzgerald and Anchor Labs to support political advocacy in the crypto industry.
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Nguyen Van Long

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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