Bella Protocol Monthly Report | July 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 July. Enjoy!
01 Bella Development Dynamics & Technology Progress
- Deployed Bella landing page to 4everland’s BNB Greenfield Testnet
02 Community, Marketing & Listings
Bella Protocol Partners with 4EVERLAND for Decentralized Hosting Deployment on BNB Greenfield Testnet
On July 31st, Bella Protocol announced a strategic partnership with 4EVERLAND, a renowned Web 3.0 cloud computing platform, to pioneer a decentralized front-end hosting deployment on the BNB Greenfield Testnet. Our partnership with 4EVERLAND will facilitate leveraging BNB Greenfield network, setting the stage for a truly decentralized front-end.
This collaboration not only marked a significant milestone in our journey but also brought us closer to our aim of unleashing liquidity potential and maximizing crypto yields across multiple chains. Read more details:
Bella Protocol and iZUMi Finance Launch Double Farming Campaign
In celebration of the successful launch of Bella LP Farm and our partnership with zkSync-based leading DEX iZUMi, Bella Protocol introduced a double liquidity farming program in collaboration with iZUMi on July 12th.
This program incentivized liquidity providers to BEL/USDC pool on iZiswap on the zkSync network. Participants were encouraged to contribute liquidity via Bella LP Farm and earn additional $BEL rewards coupled with $iZi rewards. The pool featured iZiswap’s Dynamic Range approach, allowing LPs to provide liquidity within the value range of -50% to 200% of the current price when they initiate liquidity provision. Commencing on July 12th, 2023, the 2-month BEL/USDC incentive program will allocate a total of 57k $BEL and 417k $iZi to the liquidity providers of the BEL/USDC pool.
Read more:
If you’re new to liquidity aggregation on zkSync, we released a tutorial on how to provide liquidity and start earning rewards through Bella LP Farm. It will guide you through the process step by step.
Bella Protocol Unveils New Liquidity Product, Taps Into Booming zkSync Ecosystem
On July 12th, Bella Protocol unveiled its latest product, an innovative liquidity farming protocol constructed on zkSync. This release was part of our continuous endeavor to elevate DeFi liquidity across various chains, echoing our exploration of the thriving zkSync ecosystem following the token bridging on June 27th. With LP Farm, liquidity providers can maximize their returns and tap into the growing potential of the zkSync DeFi field. We also partnered with leading zkSync-based DEX, iZUMi Finance, to jointly enhance liquidity.
Moving ahead, we will continue integrating with other reputable zkSync-based partners, expanding our community’s yield farming opportunities, and nurturing a thriving zkSync ecosystem. Our ultimate goal is to leverage our expertise in liquidity and lead the way toward a fair and open financial landscape across multiple ecosystems.
Explore more about Bella LP Farm below:
Additional details regarding the LP Farm launch can be accessed through the following sources:
Bella Protocol Releases Knowledge Sharing Article: Exploring the Basics of zkSync Era
On July 7th, Bella Protocol shed light on the challenges the Ethereum network faced due to congestion and introduced the potential of zkSync, a Layer 2 scaling solution. The article explored the efficacy of Layer 2 solutions, particularly zkSync’s ZK rollups, and highlighted their role in enhancing transaction scalability and reducing gas fees. The difference between ZK rollups and Optimistic rollups was explained, with zkSync’s security and usability being emphasized.
The article also previewed Bella Protocol’s upcoming collaboration on ZK-enhanced DeFi applications on zkSync, hinting at the exciting innovations this partnership could bring to the blockchain ecosystem. Read the article in full at:
About Bella
Aiming to help users unleash the liquidity potential and maximize crypto yields across multiple chains, Bella Protocol provides a suite of streamlined tools, including a zkSync-based yield protocol, an Ethereum-based smart liquidity pool, and a Uniswap V3 simulator.
The flagship product Bella LP Farm is a zkSync-based yield protocol that optimizes returns on liquidity provision. By staking LP tokens on an intuitive portal, users can effortlessly bolster potential earnings with multiple token rewards.
Another notable product in Bella’s line-up is Bella Flex Savings V2, a gas-efficient and smart liquidity pool that auto-compounds returns and provides a low-fee wealth management experience. Flex Savings V2 has been running on Ethereum since February 2021, with the highest TVL of over $40 million.
Bella Protocol caters to the needs of developers and quant strategists with a unique offering called Tuner. This programmatic Uniswap V3 simulator enables users to backtest and fine-tune their quantitative strategies on a transaction-to-transaction basis. With the ability to work with arbitrary or historical data without relying on the EVM, Tuner operates independently while fully preserving the exact smart-contract behavior of the intricate design and implementation of Uniswap V3.
Bella Protocol is backed by Binance Labs, Arrington XRP Capital, and several other renowned investors.
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/jcuFJZWFMh
