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Bagels Finance

BAGEL
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News

FDIC Seeks Public Input on New Stablecoin Regulation Framework

FDIC Seeks Public Input on New Stablecoin Regulation Framework

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The FDIC has proposed a new regulatory framework for stablecoin issuers, inviting public feedback over the next 60 days.
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Mohamed Farouk

XRP Ledger Activity Declines, Indicating Weakening Investor Sentiment

XRP Ledger Activity Declines, Indicating Weakening Investor Sentiment

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The XRP Ledger has seen a significant drop in active wallet addresses, indicating a decline in user engagement and investor sentiment.
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Elias Mukuru

Shift Towards Self-Custody in Crypto Amid Rising Fraud

Shift Towards Self-Custody in Crypto Amid Rising Fraud

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A report from XWIN Research Japan reveals a significant shift towards self-custody wallets as crypto users seek to protect their assets amidst rising fraud.
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Diego Alvarez

Solana Faces Critical Support Test Amidst Market Consolidation

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Solana's price is hovering near key support levels after a rejection at the 9294 supply zone, with the next 48 hours being crucial for its short-term direction.
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Kenji Takahashi

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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