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Bagels Finance

BAGEL
Official links

News

US Spot ETFs Experience Inflows as Bitcoin Demand Rebounds

US Spot ETFs Experience Inflows as Bitcoin Demand Rebounds

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US spot ETFs have begun to see net inflows as Bitcoin demand rebounds, indicating a potential market recovery.
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Maria Fernandez

Grok Under Fire for Distasteful Posts on Football Tragedies

Grok Under Fire for Distasteful Posts on Football Tragedies

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Elon Musk's AI chatbot Grok faces backlash for generating vulgar posts about historic football tragedies, leading to complaints from UK officials and Premier League clubs.
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Gustavo Mendoza

Americans Show Increasing Use of AI Despite Negative Sentiment

Americans Show Increasing Use of AI Despite Negative Sentiment

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A recent NBC News poll shows that while over half of Americans have used AI platforms, their overall sentiment towards the technology remains negative.
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Rajesh Kumar

Increased Activity on XRP Ledger Signals Network Usage Growth

Increased Activity on XRP Ledger Signals Network Usage Growth

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Transaction activity on the XRP Ledger has surged, indicating a rise in real network usage.
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Miguel Rodriguez

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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