Dear community members,

BEL reward for Bella(BEL) Liquidity Mining will be adjusted, new reward will be in effect on December 28th at 8 pm UTC+8, the detailed adjustment plan is as follows:

• Reward for BEL/USDT pool will be reduced from 8,500 to 5,000
• Reward for BEL/ETH pool and ARPA/USDT pool will remain as 5,000

Current APY:

BEL/USDT: 73%

BEL/ETH: 45%

ARPA/USDT: 51%

Read more:

About Bella

Bella is a suite of open finance products including automated yield farming tools, lending protocol, 1-click savings account, customized robo-advisor, and more. …

Dear Bella community,

To make sure that fellows of Bella community are well informed of the latest developments of the team, we will update the project dynamics and progress in Bella community in our monthly report. Thank you all for your support!

This is November in the rear view. Enjoy!

01 Bella Development Dynamics & Technology Progress

DeFi

1. Developed BEL Locker front end, enhanced user experience
2. Tested BEL Locker smart contract
3. Deployed BEL Locker
4. BEL Locker maintenance
5. Researched DeFi test toolings
6. Studied and summarized DeFi product development best practices
7. Analyzed existing virtual EVM implementations
8. Researched AMM model and implementation of DEX
9. Migrated test framework from Truffle to…

We are excited to announce that we have entered a partnership with NEST to bring reliable data to Bella Protocol’s future products. We will work to support each other bringing even greater utility, reliability and security to the DeFi community.

The NEST Protocol is a distributed oracle launched on the main Ethereum network. It utilizes a unique “quote mining” mechanism to ensure that off-chain pricing is driven by on-chain data, providing unparalleled fairness and accuracy for asset pricing and market making.

The integration with Nest Protocol will be able to add yet another reliable source of data feed to Bella’s decentralized lending service. We are confident that this partnership will bring an added layer of trust and reliability to the crypto assets pricing for Bella Lending products. …

Dear Bella community,

We are very excited to announce that the official BEL staking product, Bella(BEL) Locker, is officially going live on Dec 8th at 8pm, UTC+8.

There is no minimum requirement to participate in BEL Locker. Anyone can stake any amount of $BEL and earn juicy rewards automatically from anywhere, anytime. Besides that, the APY is fixed so there’s no need to worry about market fluctuations, users just need to sit back and watch their assets grow.

In BEL Locker, users can choose to stake BEL for 30/60/120/360 days for 18%/24%/36%/50% APY.

Once the staking period is chosen, the BEL tokens staked will start accruing interests immediately, and will only be claimable along with the interest earned at the end of each staking period. …

Dear Bella community, farmers, miners,

We have put together a tutorial for beginners who want to participate in the Bella Flex Savings v1. To begin, you will need to set up test net in your Metamask:

Custom RPC in Metamask

Go to Flex Savings test website: fs.bella.fi

1. Add the RPC link of Ethereum fork and Chain ID

• Rpc Link: https://sandbox.truffleteams.com/ab6746cc-3043-49b7-a72d-058fd1db21b1
• ChainId: 0x539

Please note that user assets in the sandbox environment are snapshots of the assets on the main Ethernet network, independent from the main network. All the operations in the sandbox environment only affect the assets in the test network, the increase or decrease of user assets in the test network will not affect the assets in the main network. …

👋Dear Bella Community,

🌾 Since our initial launch on Binance Launchpool, we have attracted immense interest and attention from the entire crypto community. In just under 48 hours, the TVL skyrocketed to over 700 million USD on Binance Launchpool. BEL incentivized liquidity mining product was launched in September, and we have seen a steady growth of staked liquidity. Our belief in DeFi has never been stronger.

🔔Today, we are thrilled to announce that a core product of Bella Protocol, Bella Flex Savings v1, is going live in sandbox environment on December 1st, 2020. This means that the team has beaten the roadmap by one full month in delivering the second phase of the Bella blueprint — to lower the user barrier for yield farming and build a sustainable business ecosystem for BEL token. …

Dear community members,

BEL reward for Bella(BEL) Liquidity Mining will be adjusted, new reward will be in effect on November 30th at 8pm UTC+8, the detailed adjustment plan is as follows:

• Reward for BEL/USDT pool will be reduced from 12,500 to 8,500
• Reward for BEL/ETH pool will be reduced from 7,500 to 5,000
• Reward for ARPA/USDT pool will be reduced from 7,500 to 5,000

Current APY:

BEL/USDT: 78%

BEL/ETH: 74%

ARPA/USDT: 53%

Read more:

About Bella

Bella is a suite of open finance products including automated yield farming tools, lending protocol, 1-click savings account, customized robo-advisor, and more. …

Dear Bella Supporters,

The past few weeks have not been easy for the DeFi world. Multiple attacks have been conducted on DeFi protocols, millions of dollars have been stolen. Most of these targeted DeFi protocols have been audited, yet vulnerabilities have still been exploited.

Below is an incomplete list of the recent hacks:

Harvest.finance ($34 million)

Pickle ($20 million)

Origin Protocol ($8 million)

YFV ($6 million)

Akro ($2 million)

Among some others.

These sizable attacks have exposed the vulnerabilities of DeFi as a new-born. …