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Bagels Finance

BAGEL
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News

Boris Johnson Critiques Bitcoin as a Ponzi Scheme

Boris Johnson Critiques Bitcoin as a Ponzi Scheme

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Former UK Prime Minister Boris Johnson expresses concerns about Bitcoin, labeling it a Ponzi scheme in a recent column.
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Katerina Papadopoulou

Bitcoin Surges to Key Liquidity Level

Bitcoin Surges to Key Liquidity Level

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Bitcoin recently reached a significant liquidity pocket near the 73,000 level, experiencing a sharp reaction after testing overhead supply.
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Maya Lundqvist

Custodia Bank Faces Setback in Legal Battle for Master Account

Custodia Bank Faces Setback in Legal Battle for Master Account

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Custodia Bank has lost a legal battle regarding the Federal Reserve's authority over master accounts, with the US Court of Appeals denying its request for a rehearing.
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Leo van der Veen

Stanley Druckenmiller Predicts Stablecoins Will Transform US Payments

Stanley Druckenmiller Predicts Stablecoins Will Transform US Payments

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Billionaire investor Stanley Druckenmiller believes stablecoins will become central to the US payments system in the next decade.
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Li Weicheng

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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