Bella Protocol Monthly Report | August Progress Review
Dear Bella community,
To ensure that the Bella community is well informed on the team’s latest developments, we update Bella’s development dynamics and progress through our monthly report. Thank you all for your support!
This review is a look back at August. Enjoy!
01 Bella Development Dynamics & Technology Progress
DeFi
- Designed and implemented components for state machine of UniSwap v3 simulator
- Implemented testing cases for UniSwap v3 simulator
02 Community, Marketing & Listings
Strategic Partnership with Structure Finance
On September 17th, Bella Protocol announced its new strategic partnership with Structure Finance, a DeFi platform for structured financial products. Structure Finance is going to offer innovative products such as Double No-Touch Options and Volatility Income Pools for traders to exploit crypto volatility with simplified user experience. Bella will explore ways to integrate and create complex financial products on DEXes across blockchains and emerging DeFi derivatives markets with Structure Finance. Read more details here:
Bella Flex Savings Round 7 Incentives Plan
On September 9th, Bella has decided to start the seventh round of the Yield Farming Incentives Program. Bella Flex Savings v2 has been running successfully for about seven months, the TVL is now $30M with juicy APY for USDT at 17%, USDC at 14%, HBTC at 22%, WBTC at 20%, and ARPA at 28%. The Seventh round will last for four weeks, and rewards remain the same every week. The total reward adds up to 160,340 BEL, worth more than $324,000 as of now. The earlier you stake, the earlier & more BEL reward you will get. Participate now at https://fs.bella.fi/!
Read details on on Round 7 Incentive Plan:
Read more about incentive program:
BEL Listed in Token Supply Analysis of the PJTs with Market Cap from $80M to $100M and Finite Max Supply by Cryptolaxy
On September 2nd, BEL was listed in the “Token Supply Analysis of the PJTs with Market Cap from $80M to $100M and Finite Max Supply” by Cryptolaxy. The infographic provides information about the distribution of tokens out of the maximum token supply of the selected PJTs. BEL has one of the strongest communities among all crypto projects and it is expanding even more with our migration into the Polygon ecosystem. More to come!
Partnership with 4EVERLAND
On September 1st, Bella Protocol announced its new ecological partnership with 4EVERLAND, a Web 3.0 cloud computing platform with global acceleration, privacy protection, distributed storage and other technical features. Bella will work together with 4EVERLAND to promote ecological applications and accelerate the Web 3.0 adoption. Stay tuned for new sparkles with Bella’s extended partnership with 4EVERLAND!
Bella Protocol Proposed to List BEL as A Collateral Asset on dForce Lending
On August 24th, Bella Protocol proposed to list BEL as a collateral asset on dForce lending and expand the use cases for BEL tokens in the ecosystem. dForce is an integrated and interoperable open finance and monetary protocol matrix covering asset, trading and lending. In addition to the in-house tech and product development, collaboration across different protocols would bring synergies for all parties. Bella looks forward to building out our ecosystem and amplifying the broader DeFi space! Read the full proposal and show your support here:
Bella Protocol x PancakeSwap | BEL Syrup Pool & BEL-BNB Farm Boost
On August 20th, Bella Protocol announced another collaboration with PancakeSwap. A BEL boost was landed on PancakeSwap, where the BEL-BNB farm multiplier was increased to 1x multiple for 7 days. In addition, a new BEL syrup pool was opened with $350k of tokens to be earned by staking CAKE. Check out the BEL syrup pool here:
About Bella
Bella is a suite of open finance products, including automated yield farming tools, BEL Locker, and Flex Savings. We believe everyone deserves equal access to premium financial products and services with elegant design and a smooth user experience.
Bella brings your familiar mobile banking into crypto with just one click. With Bella, you can just sit back, watch your asset grow, and leave all the heavy-lifting to secure, automated smart contracts.
Bella Protocol is backed by Binance Labs and Arrington Capital as lead investors. Other investors include Alphabit, AlphaCoin Fund, Koi Ventures, Ledger Capital, Tensor, N7 labs, Quest Capital, HBTC Labs, and more.
Bella’s core team consists of serial entrepreneurs and blockchain veterans with 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
WeChat: Scan the QR code to join
