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Bagels Finance

BAGEL
Official links

News

Significant Bitcoin Withdrawal from Binance Raises Market Attention

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A newly created Bitcoin wallet has withdrawn 1,350 BTC from Binance, signaling important market activity.
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Tando Nkube

Machi Big Brother Takes Action to Protect ETH Investments

Machi Big Brother Takes Action to Protect ETH Investments

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Machi Big Brother has been liquidating BAYC-related assets to defend its leveraged ETH exposure in a fragile market environment.
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Kofi Adjeman

Ripple Secures Preliminary CASP License Approval in Luxembourg

Ripple Secures Preliminary CASP License Approval in Luxembourg

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Ripple has secured preliminary approval for a CASP license from Luxembourg's CSSF, marking a significant step in its operations.
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Nguyen Van Long

Ripple and SBI Holdings Launch RLUSD Stablecoin in Japan

Ripple and SBI Holdings Launch RLUSD Stablecoin in Japan

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Ripple has partnered with SBI VC Trade to launch the RLUSD stablecoin in Japan after receiving approval from the Japan Financial Services Agency.
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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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