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Bagels Finance

BAGEL
Official links

News

Market Dynamics Indicate Supply Shock for XRP

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Current market analysis reveals that only 17 billion XRP remains on exchanges, the lowest supply in seven years. This decline in liquid supply, combined with growing demand, suggests a potential supply shock for XRP.
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Li Weicheng

Axiology Secures TSS License Under EU DLT Pilot Regime

Axiology Secures TSS License Under EU DLT Pilot Regime

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Axiology has secured a Trading and Settlement System license under the EU DLT pilot regime, enhancing its credibility in digital asset trading.
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Tenzin Dorje

XRP Ledger Positioned as Key Player in Institutional Capital Movement

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The XRP Ledger is emerging as a foundational layer for institutional capital, focusing on efficiency and scalability.
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Aisha Farooq

DeFi Sees Significant Recovery with $95 Billion Locked

DeFi Sees Significant Recovery with $95 Billion Locked

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DeFi has reclaimed $95 billion in total value locked, indicating a significant recovery driven by real demand and a shift towards viewing DeFi as financial infrastructure.
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Elias Mukuru

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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