Bella Protocol Monthly Report | June 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 June. Enjoy!
01 Development Dynamics & Technology Progress
DeFi
- Developed VestingToken frontend, contract implementation and unit tests.
- Researched and implemented solution of querying TheGraph API based on nodejs.
- Researched Uniswap V3 Whitepaper.
- Researched Uniswap V3 architecture and contract implementation.
02 Community, Marketing & Listings
$BEL Listed In TOP-17 DeFi PJTs by RLR
On July 17th, $BEL was listed as “TOP-17 DEFI PJTs BY RELATIVE LIQUIDITY RATIO (RLR)” by Cryptolaxy. $BEL has one of the strongest communities among all crypto projects and it is expanding even more with our migration into Polygon ecosystem. More to come!
BEL/WETH Fossil Farm & Extinction Pool Open
On July 17th, BEL-WETH pool went live on DinoSwap. $BEL entered Polygon strong with 8.5 million USD of liquidity on day 1. Fossil Farm BEL/WETH pair had a 2x reward multiplier for 72 hours. Provide liquidity for BEL/WETH on QuickSwap and stake LP to earn $DINO with an incredible 163% APR! Stake $BEL on Polygon through QuickSwap and earn 340% APY on DinoSwap.
Hop on the train:
Partnership with DinoSwap
On July 12th, Bella Protocol announced its new partnership with DinoSwap, which would be $BEL’s first step into the Polygon ecosystem. Deposit ERC20 $BEL to Polygon via Matic Network bridge, and supply BEL/ETH LP on QuickSwap.
DinoSwap is a cross-chain infrastructure platform that builds liquidity for layer-one blockchains, AMMs and partnering projects. Bella team believes that this will be a milestone for our community as farmers will benefit from faster, cheaper service with higher market potentials. The partnership with DinoSwap could offer better $BEL token liquidity as well as incremental $BEL use cases.
Read more:
5th Round of the Yield Farming Incentives Program Began
On July 12th, Bella Protocol started the fifth round of the Flex Savings Yield Farming Incentives Program. This round would last for four weeks, and rewards remain the same every week. The total reward adds up to 153,200 BEL, worth more than $198,000 as of now. Read more:
Staking Event with Binance
On July 8th, Bella Protocol hosted a staking event on Binance with 18% APY for 15 days. Binance has added $BEL to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets. Read more:
AMA with Felix Xu
On July 7th, Bella Protocol’s Co-Founder and CEO, Felix Xu conducted an AMA session in Bella’s English community on Telegram. Felix answered the most popular questions that the community had for the past few weeks and gave an overview of the latest Product Roadmaps.
Read the full recap here:
4th Round of BEL Airdrop To ARPA Holders
On June 30th, the snapshot of the 4th round of BEL airdrop for ARPA holders began. The total amount of the airdrop this round is 250,000 BEL, worth more than $276,000 as of now. Read more:
2021 Q2 BEL Token Burn
On June 30th, Bella Protocol posted an update on 2021 Q2 $BEL token burn. Bella team has repurchased 9666.6 $BEL, worth over $11,000, and burnt a total of 4833.3 $BEL, worth over $5,300. This would constantly reduce #BEL circulation and help protect the interest of $BEL holders.
Partner Exchanges: Binance, Bithumb, Huobi, HBTC, MXC, and AEX.
Read more:
Sky Trades Reviewed $BEL on TikTok
On June 28th, the famous crypto investor, Sky Trades posted a review on $BEL on TikTok. Check it out here.
$BEL Listed In TOP-13 BINANCE SMART CHAIN PJTs
On June 26th, $BEL was listed as “TOP-13 BINANCE SMART CHAIN PJTs BY RELATIVE LIQUIDITY RATIO (RLR)” by Cryptolaxy. RLR is a 24H Trading Volume to Market Cap ratio. The higher the ratio, the higher traders’ interest in the Token and token liquidity. We appreciate all your faith and support!
$BEL APY on Wault Finance Shoot the Roof
On July 24th, the APY of $BEL pool and $BEL farm on Wault Finance reaches 276% and 104%! Lock your assets on Wault Finance and earn more!
Bella Protocol | Guide for Working Remotely
On Jun 23rd, Bella Protocol published thorough guidance regarding remote working. All-remote culture is an entirely different way of living and working, and the transition to it requires full acceptance and implementation of the All-remote protocol. Interested in Bella’s insights? Read more:
BEL Listed in TOP-15 Projects with the Potential to Grow!
On June 22nd, $BEL was listed as “TOP-15 Projects between $30M and $40M Market Cap with the potential to grow!” by CryptoDiffer. We appreciate all your faith and support!
Bella Hosted Airdrop Event with SYPool
On Jun 17th, Bella Protocol hosted an airdrop event with SYPool. SYPool is a synthetic asset mgmt protocol to bring new assets onchain, and create more usage for $BEL! Bella backed Sypool Protocol along with NGC Ventures randomly airdropped $200 USDT to 10 lucky fellows. Read more here:
Bella & ARPA African Communities Sponsored Ikola League 2021
On Jun 16th, Bella Protocol & ARPA African communities joined hands and sponsored Ikola Youth Football Association Nation League 2021. Community is our supporter and family. Giving back to the community is paramount, thanks for everyone’s long-lasting support!
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 simply 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 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
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