Bella Protocol Monthly Report | March 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 March. Enjoy!
01 Bella Development Dynamics & Technology Progress
- Researched CREAM CToken mechanism and implementation
- Tested Flex Savings strategy pool of WETH
02 Community, Marketing & Listings
BEL Now Available On Autofarm Network, A Hyper-Optimised Cross-Chain Dex & Yield Aggregator
On Apr 11th, BEL became available on AutoFarm Network, a Hyper-optimised cross-chain DEX & yield aggregator. Users can now supply WBNB-BEL on PancakeSwap, stake LP token on AutoFarm Network, and earn 370%+ APY!
Bella Protocol Partners With FM Gallery
Apr 11th, Bella Protocol announced a partnership with FM Gallery, a blockchain-based distribution platform for NFT artworks.
This partnership will allow FM Gallery and Bella Protocol to jointly explore innovation at the center of the booming NFT world while adding value to the current DeFi world and bringing life to numerous novel and significant creations.
Read more:
BEL Added to List of Supported Assets on Binance Savings
On Apr 8th, BEL was added to the list of supported assets on Binance Savings with 18% APY.
The subscription period was from Apr 8th Apr 9th, total cap 300,000 BEL. The event is now ended, thanks to everyone for your support.
The 1st Round of Flex Savings Yield Farming Incentives Program Successfully Ended, The 2nd Round Started
On Apr 5th, the 1st round of Flex Savings Yield Farming Incentives Program successfully ended, and Bella Foundation announced the start of the 2nd round.
The second round of BEL Yield Farming Incentives will last for 4 weeks, the total reward adds up to 166,000 BEL, worth more than $800,000.
Read more:
Bella Protocol Released an Update on 2021 Roadmap
On Apr 4th, Bella Protocol released an update on 2021 roadmap for the remaining three quarters of 2021.
Q2: Bella Ecosystem Fund
We will announce the Bella Ecosystem Fund’s details, mission, the first batch of partners, and its current portfolio in early Q2 2021. The fund’s goal is to partner with high potential projects at an early stage to integrate with Bella Flex Savings and bToken on the product level.
Q3: NFT and DAO Governance
NFT Use Cases
In Q3 2020, we will explore the possibilities of different use cases of NFT, from blind-boxes to card games and farming. To make NFTs accessible for everyone, we’re planning to integrate with chains like BSC and layer-2 solutions such as ZK Rollups.
Bella DAO
We plan to launch the Bella DAO governance system in Q3 2021. Soon, all BEL holders will be able to have a say in community governance, submit proposals, and vote on changes.
Q4: Bella Launcher & Bella Incubation Program
In Q4 2021, the incubated DeFi projects will benefit from Bella’s global, active, and supportive community. They will also receive advice and resources like tech support, funding, marketing, and liquidity bootstrapping. In return, BEL holders will enjoy extra returns from the incubated projects’ growth and success.
Read more:
The 3rd Round of BEL Airdrop to ARPA Holders Snapshot Ended, Distribution Underway
On March 30th, the snapshot of the 3rd round of BEL airdrop for ARPA holders began and ended on the 14th. The total amount of the airdrop this round is 250,000 BEL, worth more than $980,000 as of now. According to the previous plan, the total amount of the airdrop is 2,000,000 BEL and will be distributed quarterly to ARPA holders in eight(8) rounds. The first two rounds have ended successfully.
Exact details of airdrops, such as announcement time, snapshot time, and the disbursement time will be subject to the discretion of our partner exchanges. They might vary slightly from exchanges to exchanges.
Read more:
BEL Mining Pool Opened on AEX
On Mar 29th, BEL DeFi Mine Pool opened on AEX. From Mar 29 — Apr 2, users who participated in AEX BEL DeFi Mine Pool can get 38% APY with 0.5% interest rate coupon and share $1000 BEL according to the proportion.
Announcement on BEL Token Burn
On Mar 25th, Bella Foundation updated on BEL token burn.
Since the product launch, the team has repurchased a total of 4,266 $BEL, worth nearly $12,000, and burnt a total of 2,133 $BEL in four batches, worth over $6,000 at the current market price.
Below are the token burn hashes.
The higher AUM of the Flex Savings v2 is, the more funds will be used to market-buy and burn $BEL, this will constantly reduce its circulation, protecting and ensuring the interest of $BEL holders.
Read more:
Bella Protocol Secured a Partnership With Raze Network
On 24th, Bella Protocol officially announced a partnership with Raze Network. With TVL reaching $40M, privacy and security are always our top priorities. Together, we will create a more private and secure environment for our users where they can no longer stew over their individual identity and trading history.
Read more:
BEL Listed on CoinEx
On Mar 23th, BEL is listed on CoinEx & BEL/USDT pair open.
BEL (BEP-20) Live on Idex BSC Network, BEL/BNB & BEL/USDT Trading Pair Open
On Mar 20th, BEL (BEP-20) became live on IDEX BSC network, BEL/BNB & BEL/USDT trading pair opened.
Read more:
Bella Protocol Integrated By Vfat, An Intuitive Yield Farming Tool
On Mar 18th, Bella Protocol integrated by vfat, an intuitive yield farming tool. Bella Flex Savings TVL is now over $35 million USD, check it out on http://vfat.tools/bella/
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’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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