Bagels Finance

BAGEL
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News

Arbitrum DAO Approves Ecosystem Incentive Programs

Arbitrum DAO Approves Ecosystem Incentive Programs

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The Arbitrum DAO has approved a governance proposal to direct treasury resources towards ecosystem growth through incentive programs.
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Jacob Williams

FBI Takes Action Against Hamas Fundraising with Cryptocurrency Seizure

FBI Takes Action Against Hamas Fundraising with Cryptocurrency Seizure

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The FBI has seized approximately $560,000 in cryptocurrency linked to Hamas as part of efforts to disrupt terrorist fundraising operations.
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Zainab Kamara

Solana Ecosystem Tokens Outperform Broader Altcoin Market

Solana Ecosystem Tokens Outperform Broader Altcoin Market

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Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.
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Son Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

Arbitrum Achieves $814 Million in Daily DEX Volume

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Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.
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Ayman Ben Youssef

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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