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Bagels Finance

BAGEL
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News

Strategy Expands Bitcoin Reserves with Major Acquisition

Strategy Expands Bitcoin Reserves with Major Acquisition

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Strategy has acquired 1,550 BTC, reversing the impact of a previous sale of 32 BTC.
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Luis Flores

Jiang Zhuoer Addresses Concerns Over MicroStrategy's Bitcoin Sales

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Jiang Zhuoer addresses concerns about MicroStrategy's potential Bitcoin sales, reassuring investors about financial stability.
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Arif Mukhtar

Bitcoin's Long-Term Setup Becomes More Attractive Amid US Treasury Refinancing Concerns

Bitcoin's Long-Term Setup Becomes More Attractive Amid US Treasury Refinancing Concerns

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Jamie Coutts, Chief Crypto Analyst at Real Vision, discusses Bitcoin's long-term setup and the challenges posed by US Treasury refinancing.
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Maria Gutierrez

OpenAI Aims to Redefine ChatGPT as a Superapp

OpenAI Aims to Redefine ChatGPT as a Superapp

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OpenAI is set to transform ChatGPT into a superapp, internally codenamed Aria, integrating functionalities like coding, task automation, and image generation.
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David Robinson

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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