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Bagels Finance

BAGEL
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News

Binance Sees Massive Inflow of XRP Amid Market Dynamics

Binance Sees Massive Inflow of XRP Amid Market Dynamics

chest
Binance absorbed a massive inflow of over 31 million XRP in a single day, raising questions about potential short-term supply dynamics.
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Satoshi Nakamura

Crypto Market Experiences Sharp Decline Amid Geopolitical and Economic Concerns

Crypto Market Experiences Sharp Decline Amid Geopolitical and Economic Concerns

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The cryptocurrency market faced a significant downturn, with Bitcoin dropping below $65,000 as traders reacted to US trade policy changes and geopolitical tensions.
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Jesper Sørensen

Dogecoin Hits 1,100 Days at a Profit, Signaling Potential Market Shift

Dogecoin Hits 1,100 Days at a Profit, Signaling Potential Market Shift

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Dogecoin has surpassed 1,100 days at a profit, indicating a potential market shift.
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Rajesh Kumar

Bitcoin Open Interest Plummets Amid Market Turmoil

Bitcoin Open Interest Plummets Amid Market Turmoil

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Bitcoin's Open Interest has dropped significantly following recent market volatility, reflecting a mix of liquidations and reduced risk appetite among investors.
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Lucas Weissmann

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.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.