Bagels Finance

BAGEL
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News

Dormant Bitcoin Wallets Come to Life

Dormant Bitcoin Wallets Come to Life

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Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.
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Satoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

SEC Proposes New Rules for Crypto Custody Regulations

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The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.
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Jesper Sørensen

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

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US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.
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Rajesh Kumar

ECB Executive Addresses Privacy Concerns of Digital Euro

ECB Executive Addresses Privacy Concerns of Digital Euro

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Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.
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Lucas Weissmann

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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