Bagels Finance

BAGEL
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News

NEAR Protocol Achieves 50 Million Operations Milestone

NEAR Protocol Achieves 50 Million Operations Milestone

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NEAR Protocol's chain abstraction infrastructure has surpassed 50 million lifetime operations, marking a significant achievement in simplifying multichain crypto interactions.
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Arif Mukhtar

Solana Sees Significant RWA Inflows

Solana Sees Significant RWA Inflows

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Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.
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Maria Gutierrez

Aave Governance Considers Emergency Powers to Protect Users

Aave Governance Considers Emergency Powers to Protect Users

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Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.
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David Robinson

Router Protocol Users Must Move Assets During Grace Period

Router Protocol Users Must Move Assets During Grace Period

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Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.
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Jacob Williams

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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