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Bagels Finance

BAGEL
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News

House Financial Hearing in New York Aims to Shape Digital Asset Regulation

House Financial Hearing in New York Aims to Shape Digital Asset Regulation

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A house field hearing in New York aims to build consensus around standard digital asset legislation, impacting market dynamics.
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Kofi Adjeman

BNB Maintains 578 Support as Inflation Relief Influences Market

BNB Maintains 578 Support as Inflation Relief Influences Market

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BNB maintains support at 578 as inflation relief influences market dynamics.
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Satoshi Nakamura

Cardano Foundation Takes Over Token2049 Event Organization

Cardano Foundation Takes Over Token2049 Event Organization

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The Cardano Foundation has officially taken over the organization of the Token2049 event from EMURGO as of July 15.
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Nguyen Van Long

Chainlink Integrates US Macroeconomic Data to Enhance Market Understanding

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Chainlink integrates US macroeconomic data onto multiple L1 chains to enhance market understanding.
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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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