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Bagels Finance

BAGEL
Official links

News

XRP Community Speculates on Price Surge After Banking Approval

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The XRP community is buzzing with speculation that Ripple's banking approval could lead to unprecedented price levels for XRP.
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Maya Lundqvist

RealFi and Shopify Collaborate on XRP Ledger Payment Rewards Application

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RealFi Payment Solutions has partnered with Shopify to create a payment rewards application powered by the XRP Ledger.
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Katerina Papadopoulou

US-Iran War Escalates with New Strikes

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The US-Iran war has escalated with fresh strikes from both sides, dampening hopes for a peace deal. The US military shot down four Iranian drones and attacked a ground control station in Bandar Abbas, while Iran retaliated by striking an American airbase in Kuwait. This escalation has led to a significant decline in Bitcoin's price.
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Leo van der Veen

Charles Hoskinson Shifts Focus to Cardano Following Clinic Closure

Charles Hoskinson Shifts Focus to Cardano Following Clinic Closure

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Charles Hoskinson announced the closure of his family-backed medical clinic in Wyoming, emphasizing a shift in focus towards Cardano and other crypto projects.
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Aisha Farooq

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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