Announcement on Completion of BEL Liquidity Mining Rewards Program
The program is wrapped up on the back of a strong liquidity condition of BEL. It also indicates 30,000 less monthly token emission going forward.
Dear community members,
We are writing to inform you of the completion of a 19-month special rewards program of Bella (BEL) Liquidity Mining.
Specifically, we will stop distributing BEL rewards to users that have staked or plan to stake their LP tokens on Bella Liquidity Mining by providing liquidity to the pools of BEL/USDT, BEL/ETH, ARPA/USDT on Uniswap V2.
Over the past year and a half since its launch on Sep 28, 2020, Bella Liquidity Mining and the traction stemming from the community significantly contributed to Bella’s bootstrap and the follow-up sustainable and healthy liquidity growth.
As of today, BEL is traded on multiple leading centralized exchanges including Binance, Binance TR, Bithumb, Gate.io and many others, with more than adequate liquidity being provided. Therefore, we are confident to say that now is the time to close the special rewards program of Liquidity Mining.
This decision is not only prudently made based on the strong BEL liquidity across the above-mentioned exchanges, but also in consideration of less BEL emission going forward. There will be approximately 30,000 BEL less being released monthly by closing the rewards program.
For HODLERS, we have Bella Locker that also offers decent interest income from holding BEL, please feel free to check the availability of this quite popular fixed-income product of ours. Elsewhere, we have been constantly reaching out to exchanges, well-established DeFi projects and other potential partners for the opportunity to provide similar BEL staking programs.
Looking forward, we believe that the completion of Liquidity Mining will allow us more capacity to further fine-tune other existing products like our smart DeFi asset management tool Flex Savings and the Uniswap V3 simulator Tuner, and more importantly, to create more cutting-edge DeFi products that’ll better benefit BEL holders and ultimately contribute to the industry development.
Should you have further questions, please feel free to contact us at contact@bella.fi. Please stay tuned! There’s more to come!
Bella Team
About Bella
Bella Protocol is a suite of open finance products that aims to bring mass adoption to DeFi asset management. Bella’s first yield product, Flex Savings v2 is live on Ethereum with $40 million TVL. Bella’s core team is creating Bella Virtuoso, a permissionless strategy platform that connects investors with the best LP strategies on Uniswap V3. Bella Virtuoso also comes with built-in backtesting tools and data infrastructure for strategy builders.
Bella Protocol is backed by Binance Labs and Arrington XRP Capital and several other renowned investors. BEL token is supported on Binance, Bithumb and other major exchanges.
Bella’s core team consists of serial entrepreneurs and blockchain veterans who have tremendous experience and a proven track record in finance, cryptography, blockchain, and engineering.
For more information about Bella, or to join our team, please contact us at contact@bella.fi
Learn about Bella’s recent official news：
Medium: https://medium.com/@Bellaofficial
Twitter: @BellaProtocol
Telegram: https://t.me/bellaprotocol
Discord: https://discord.gg/JamMH5P
