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Bagels Finance

BAGEL
Official links

News

Major Crypto Conferences in Dubai Canceled Amid Safety Concerns

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Two major crypto events in Dubai have been canceled or postponed due to safety concerns amid geopolitical tensions.
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Aisha Farooq

Charles Edwards of Capriole Investments Analyzes Bitcoin's Market Position

Charles Edwards of Capriole Investments Analyzes Bitcoin's Market Position

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Charles Edwards, founder of Capriole Investments, analyzes Bitcoin's market position, indicating it is closer to the bottom than the top, emphasizing the importance of institutional buying and cautioning about current market conditions.
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Tenzin Dorje

CLARITY Act Review Expected Amid TRUMP Memecoin Event

CLARITY Act Review Expected Amid TRUMP Memecoin Event

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The upcoming review of the CLARITY Act in Congress is expected to coincide with the TRUMP memecoin gala luncheon.
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Bayarjavkhlan Ganbaatar

Coinbase Denies Allegations of Opposing Bitcoin Tax Exemption

Coinbase Denies Allegations of Opposing Bitcoin Tax Exemption

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Coinbase denied allegations of opposing the proposed Bitcoin de minimis tax exemption, asserting its commitment to Bitcoin advocacy.
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Mohamed Farouk

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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