Bella(BEL) Liquidity Mining Tutorial
Dear Bella community, farmers, miners,
The goal of Bella Protocol is to bring DeFi and crypto to everyone. Everyone has the right to access premium financial services, and Bella provides a full-suite of DeFi products to take your familiar mobile banking into crypto with just 1-Click.
We are launching our first product, liquidity mining, today.
As the first product of our product suite, the goal of BEL liquidity mining is to distribute BEL tokens in a fair way and to attract the first batch of supporters. The tokens will be later used in governance & voting, fee discount, staking, etc.
With Liquidity mining, users can automatically earn BEL by simply providing liquidity for BEL/ETH, BEL/USDT and ARPA/USDT on Uniswap and staking UNI-V2 token.
We have put together a tutorial for beginners who want to participate in the BEL liquidity mining. To begin, you will need to have a wallet, for example, download and set up one at MetaMask.
You can also choose imToken and WalletConnect.
Then we can start our journey at Bella Liquidity Mining.
Let’s take BEL/ETH Pool as an example.
- Connect your wallet, you can use MetaMask, imToken or WalletConnect.
2. Click “Uniswap BEL/ETH” to go to Uniswap pool, provide liquidity for BEL/ETH pair and get UNI-V2 LP token.
3. Go to Uniswap and click “Add Liquidity”.
4. Input the intended amount and click “Approve BEL” on the wallet pop up window.
5. Authorize Uniswap to spend your BEL in the wallet and wait for the authorization transaction to go through.
6. After the transaction is completed, click “Supply”.
7. Confirm Supply.
8. Confirm the transaction in your wallet and wait for the transaction to go through.
9. Enter your intended deposit amount and click “stake”.
10. Approve transaction in your wallet.
11. Please wait for the transaction to complete before you proceed.
12. Congratulations! You have completed the staking process and are now earning BEL automatically. You can check your real-time reward here.
Liquidity Mining FAQ
- What is Reward Multiplier and what does it do?
- Reward multiplier will boost your BEL reward by 2x at most, allowing users to enjoy significant bonuses.
- It will increase by 0.0167x everyday, please refer to the helper in the right corner to see detailed information.
- After claim or withdraw+claim, the reward multiplier will go back to 1x.
- If more tokens are being staked before claiming, the reward multiplier might reduce a little, due to the staked proportion being smaller.
2. Will the Pool Reward change?
It will vary weekly, detailed description will be released every week.
3. What if I make other moves before the Processing Transaction Bar disappears?
Making any move before it disappears might cause the website to be stuck, if that occurs, please refresh.
4. Will I receive the same amount of reward if I join in BEL Liquidity Mining later?
As the reward is distributed according to the proportion of token staked, the earlier you join, the higher the reward will be.
5. How can I withdraw LP from liquidity.bella.fi?
1. Withdraw your LP from Liquidity.bella.fi
2. Then go to Uniswap, in “Pool” tab, and click on “Import it”
3. Choose USDT, and for the other token, you need to enter BEL token contract
“0xa91ac63d040deb1b7a5e4d4134ad23eb0ba07e14” and click on BEL. Wait for 10 seconds you should be able to see you LP.
4. Then choose to withdraw 100%, approve and withdraw your BEL and USDT. You should expect a slight different between the amount of BEL and USDT, which is called impermanent loss.
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. We believe everyone deserves equal access to premium financial products and services with elegant design and smooth user experience.
Bella brings your familiar mobile banking into crypto with just one click. With Bella, you can just simply sit back, watch your asset grow, and leave all the heavy-lifting to secure, automated smart contracts.
Bella’s core team consists of serial entrepreneurs and blockchain veterans who have tremendous experience and 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
Wechat: Scan the QR code to join
