Bella Protocol Monthly Report | May 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 May. Enjoy!
01 Bella Development Dynamics & Technology Progress
DeFi
- Updated Flex Savings Website
- Maintained Flex Savings Smart Contracts
02 Community, Marketing & Listings
The 3rd Round of Flex Savings Yield Farming Incentives Program Ended, the 4th Round Started
On Jun 14th, the 3rd round of the Flex Savings Yield Farming Incentives Program has successfully ended. According to market conditions and feedback from the community, we decide to start a fourth round of the Yield Farming Incentives Program.
This round will last for four weeks, and rewards remain the same every week. The total reward adds up to 153,200 BEL, worth more than $284,000 as of now.
Supported Pool & Specific Reward Setting (Each Week):
Read more:
Bella Protocol Partnered With Sypool Protocol, a Synthetic Asset Management Protocol
On Jun 11th, Bella Protocol announced its partnership with Sypool Protocol, a synthetic asset management protocol.
Read more:
Bella Protocol Published Article About NFT Arts After in-Depth Research
On Jun 2nd, Bella Protocol published an article about NFT after in-depth research: Why NFT Arts Are The Gatsby Dream of Digital Era. Shortly after, Nasdaq also covered this article.
But who is buying NFT art? Apart from the small handful of celebrities that are making the news, who’s creating NFT arts? And what’s the meaning of all this? I tried to apply some basic psychology models to the NFT markets to understand why people seem to have become trapped in this starry-eyed, Gatsby-esque dream of the digital era.
Read more:
Bella Protocol Reaches Strategic Partnership With ForTube
On June 9th, Bella Protocol announced a strategic partnership with ForTube, on the same day at 14:00 (UTC+8), $BEL (BEP-20) was listed in the Innovation Zone of ForTube BSC, and the “New Token Mining” campaign started.
Join now:
Bella Protocol Has Reached Partnership With Wault Finance, a Cross-Chain Decentralized Finance Hub
On June 4th, Bella Protocol reached a partnership with Wault Finance, a cross-chain decentralized finance hub. Users are now able to stake $WEX to earn 100k $BEL, and a new BEL-BNB WFarm with a bonus $WEX reward opened, allowing users to earn $WEX with BEL-BNB LP.
Join here:
https://app.wault.finance/#farm
Read more:
Bella Protocol Entered Into a Full Partnership With Earn Finance
On Jun 4th, Bella Protocol entered into a full partnership with Earn Finance, a subsidiary of Yearn Classic Finance Ecosystem.
The Bella Protocol and EarnX partnership explore:
- Providing premium NFTs backed by physical art into DeFi,
- Bringing Bella and EarnX communities together.
- Working on exciting projects that bring innovation to NFTs and Defi field like NFT mining, dynamic NFTs, NFT airdrops to both community holders.
Read more:
Bella Protocol Partnered With Mars Ecosystem, Started AMA and Airdrop Events
On May 31st, Bella Protocol announced its partnership with Mars Ecosystem, a decentralized and scalable stablecoin ecosystem. An AMA with Mars Ecosystem was held on Jun 3rd in Bella main community, and a 20000 $XMS airdrop event for Bella users started on Jun 6th.
The airdrop event has ended successfully. Check below for the winner list:
Congratulations! All winners need to claim the tokens by themselves after 6/14 on the Mars Ecosystem website.
Bella Protocol Partnered With Insurace, a Leading Multi-Chain Decentralized Insurance
On May 28th, Bella Protocol announced its partnership with InsurAce, a leading multi-Chain decentralized Insurance. Users of Bella Protocol will now have the ability to insure their staked assets against risks of smart contract hacks and bugs.
InsurAce will offer a special discount to Bella users buying covers on InsurAce, and Bella will also incentivise these users with BEL tokens. Meanwhile, Bella Protocol will buy cover from InsurAce to safeguard their treasury. Both protocols will also work closely in co-marketing and community building.
Read more:
Bella Protocol Partnered With Chronicle, a Studio and Marketplace Digital Platform for NFTS
On May 24th, Bella Protocol announced its partnership with Chronicle, a studio and marketplace digital platform for NFTs. We’ll explore many new use cases and experiments with @ChronicleXNL in the field of NFT.
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 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 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
WeChat: Scan the QR code to join
