Bagels Finance — the first leveraged cross-chain aggregation protocol, built on HECO, BSC and Ethereum Layer2. Users can participate as farmers, lenders and liquidators.
Contents:
About Bagels Finance
Visit bagels.finance to create an account with Bagels and start making money! Yield farming - the practice of placing or providing crypto assets within a liquidity pool to generate high returns or rewards in the form of additional cryptocurrency. Liquidity is commonly used by decentralized products and services such as decentralized exchanges as a pool and market maker to execute transactions for their users.
Bagels Finance lenders provide the assets to the vault. You can get a simple income from your assets by placing them in credit vaults. These assets are borrowed from the platform by farmers who want to leverage their positions and earn more.
Some features:
| 1 | Farmers can choose different pools to freeze their assets. These pools provide liquidity for various cryptocurrency applications and provide rewards to farmers for their assets. |
| 2 | Farmers can borrow additional assets from the vault, allowing you to have leveraged positions (up to 10x) that can generate higher returns. |
Liquidators monitor pools for leveraged yield growth positions that could potentially default and liquidate those positions. They receive a 5% commission for these services, but bear the costs of completing the liquidation transaction. The following assets are supported on Bagels: ETH, WBTC, USDT, DAI, BNB, HT. Developers are constantly looking for opportunities to add resources to the platform that will delight Bagels users.
Additional data
Bagels Finance considers safety a top priority. The smart contract has been subject to internal review and peer review by Knownsec and Certik Skynet on multiple occasions. You can get more information about the project through the introductory document. It contains the rules of work and much more.
From social networks, the community leads:
- twitter;
- telegram;
- blog.
Subscribe to stay up to date with all the news.