Bella Protocol Monthly Report | August Progress Review
Dear Bella community,
To make sure the Bella community is up to date with the latest project activities, we update Bella’s recent accomplishments, current tasks, and overall significant happenings that have occurred within the past month to track our progress toward healthy business growth.
We are delighted to welcome those of you who have been with us along the journey and those who are new to the community. Thank you all for your support!
This review is a look back at August. Enjoy!
Announcement on the Completion of BEL Airdrop Program for ARPA Community
On August 25th, The $BEL airdrop program for ARPA holders ended successfully!
In September 2020, the Bella Protocol Foundation decided to offer $BEL airdrops for ARPA holders to replace the planned $BEL auction at around 2% of the token allocation. Up to 2,000,000 $BEL in total was planned to be distributed via eight rounds of quarterly airdrops to ARPA holders. We partnered with major exchanges throughout the airdrop, including Binance, Huobi, Bithumb, MXC, AEX, and HBTC.
we were delighted to see the recipients have gained a greater awareness of Bella Protocol or become Bella’s active supporters. Over the past two years, the community traction helped Bella cultivate wider adoption and significantly contributed to Bella’s sustainable growth and healthy liquidity. Thanks again for your continued support and participation in our airdrop program series!
Please refer to the original announcement for more information:
Binance Completed the Eighth Round of BEL Airdrop Distribution
On August 25th, Binance completed the eighth round of $BEL airdrop distribution to ARPA holders. Binance’s users can verify the tokens’ receipt via the User Center’s Distribution History page.
Bella was honored to collaborate with Binance exchanges for the $BEL Airdrop Program. We were pleased to see how Binance community fostered the sustainable development of Bella community.
For more information, please refer to the original announcement:
Maverick Twitter Space | Felix Xu, Co-Founder of ARPA Network and Bella Protocol — NFTs in DeFi
On August 25th, Felix Xu, the Co-Founder of Bella Protocol and ARPA Network, joined the discussion at Maverick Twitter Space EP3 and offered his insights on NFTs in DeFi. From recording LP positions to managing community resources, the trend of merging NFTs and DeFi seems to influence financial management. If you are curious about the utilities of NFTs in DeFi, the positive impact of NFTs on DeFi, and how NFTs reform the DeFi landscape, play the recording below to get your questions answered:
Citiesabc Podcast Series | Felix Xu, CEO of ARPA and Bella Protocol — The Future of Decentralized Finance
On August 4th, Felix Xu, the CEO of Bella Protocol and ARPA network, participated in the Hilton Supra-hosted Citisabc podcast interview. Felix and Hilton discussed and addressed their understanding of encryption technologies, as well as the future of decentralized finance.
Watch the entire conversation here:
Cointelegraph | Crypto Contagion Deters Investors in Near Term, But Fundamentals Stay Strong
The recent insolvencies have resulted in millions of users calling for regulations within the crypto economy. When heading to a future plagued by economic uncertainty, it’d be interesting to see what lies ahead for the crypto market. On Aug 2nd, Felix Xu, the CEO and Co-Founder of Bella Protocol, was featured on the Cointelegraph to share his view on the recent insolvencies within the industry: “I believe the first wave of forced liquidation and panic selling is now over. As asset managers and funds file for bankruptcies, their crypto collaterals will take a long time to be liquidated. On the other hand, DeFi lending platforms such as MakerDAO, Aave, and Compound Finance performed well during this downturn, as they are over-collateralized with strict liquidation rules written into their smart contracts.”
Read the article in full:
TechBullion | Bella Protocol’s new UniswapV3 simulator helps DeFi investors maximize their profits
On August 1st, Bella Protocol’s Uniswap V3 simulator was featured on TechBullion. The article discusses how the Uniswap V3 simulator helps DeFi users maximize their strategies by allowing strategy backtesting on a transaction-to-transaction basis using arbitrary or historical data without the need for the Ethereum Virtual Machine (EVM).
Learn more details:
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
