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Bagels Finance

BAGEL
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News

Senator Thom Tillis Central to CLARITY Act Negotiations

Senator Thom Tillis Central to CLARITY Act Negotiations

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Senator Thom Tillis is emerging as a key figure in the negotiations surrounding the CLARITY Act, particularly regarding stablecoin yield and reward programs.
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Kofi Adjeman

Bitcoin ETFs Experience Significant Outflows Amid Energy Shock

Bitcoin ETFs Experience Significant Outflows Amid Energy Shock

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Bitcoin ETFs recorded a net outflow of approximately 1.392 million on March 5, reflecting a rapid shift toward risk aversion among institutional investors.
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Nguyen Van Long

Over 10,000 Bitcoin Vulnerable to Quantum Attacks

Over 10,000 Bitcoin Vulnerable to Quantum Attacks

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A report reveals that more than 10,000 Bitcoin are at risk from potential quantum computing attacks.
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Satoshi Nakamura

Bitcoin Developers Consider Quantum-Resistant Solutions

Bitcoin Developers Consider Quantum-Resistant Solutions

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Bitcoin developers are debating solutions to protect against quantum computing threats, including a potential hard fork for post-quantum cryptography.
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Jesper Sørensen

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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