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Bagels Finance

BAGEL
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News

XRP Ledger Sees Unprecedented Growth in Tokenized Assets

XRP Ledger Sees Unprecedented Growth in Tokenized Assets

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The XRP Ledger has seen significant growth in tokenized assets, increasing from 900 million to nearly 4 billion in just five months, with a 1379% rise in the last 30 days.
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Maria Fernandez

Mastercard Expands Global Settlement Infrastructure to Support Crypto Transactions

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Mastercard announced a significant expansion of its global settlement infrastructure to enable on-chain settlement using regulated stablecoins, allowing card transactions to settle 24/7.
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Gustavo Mendoza

The Growing Influence of the Crypto Industry in Politics

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The results of the congressional race illustrate the growing power of the crypto industry in political campaigns.
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Rajesh Kumar

Saikat Chakrabarti Fails to Advance in California Congressional Race

Saikat Chakrabarti Fails to Advance in California Congressional Race

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Saikat Chakrabarti, a founding engineer at Stripe, lost his bid for Congress in California, failing to secure enough votes to advance in the race.
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Miguel Rodriguez

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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