Bella Protocol Monthly Report | September Progress Review
Dear Bella community,
To make sure that fellows of Bella community are well informed of the latest developments of the team, we will update the project dynamics and progress in Bella community in our monthly report. Thank you all for your support!
This is September in the rearview. Enjoy!
01 Bella Development Dynamics & Technology Progress
DeFi
- Finalized the design of the portal asset and investment management system
- Finalized portal pre-release DeFi strategy process
- Optimized liquidity mining front-end experience
- Researched and analysed the feasibility of DeFi products
02 Community, Marketing & Listings
Bella Liquidity Mining Now Integrated with CoinGecko & CoinMarketcap with Real Time APY
Don’t forget we also have a reward multiplier increased by 0.0167x per day, up to 2x.
Farm at:
Binance Opens BEP20 Deposits and Withdrawals for BEL
Binance has opened BEP20 (Binance Smart Chain) deposits and withdrawals for BEL, MKR, COMP, ELF, TCT, IOTX and WBNB.
Please note:
- BEP20 represents a token standard on Binance Smart Chain.
- Please ensure that you do not input an ERC20 address as a BEP20 withdrawal address.
- Please do NOT deposit via cross-chain transfer from Binance Chain directly into the BSC deposit address. It will not be credited to your account.
- Please make sure to select the intended network when trying to deposit and withdraw each asset.
Read more:
Attended Decentralized Finance Global Summit 2020
Bella Protocol co-founders Felix Xu and Yemu attended Decentralized Finance Global Summit 2020, where they shared their insights on hybrid finance, CeFi and DeFi.
Our Flex saving product is on schedule to launch towards the end of November. Stay tuned!
Read more:
Koi Ventures Invests in Bella Protocol
Koi Ventures, the venture capital arm of Koi Trading, a leading OTC execution desk for fiat-crytpo and crypto-crypto, announced its strategic investment in Bella protocol and its plan to provide bespoke fiat liquidity channels for Bella’s One-click DeFi products.
“We are thrilled to form a strategic partnership with Koi Ventures and Koi Trading” said Felix Xu, Co-founder and CEO at Bella Protocol, “Bella and Koi are working closely on fiat on-ramp for stablecoins and other cryptocurrencies. Bella’s thesis is to bridge traditional finance and users to DeFi with higher APY than bank CD. We believe DeFi wealth management still has 50x upside for its AUM.”
Read more:
Bella Liquidity Mining Went Live
On Sept 28th 8pm UTC+8, Bella(BEL) Liquidity Mining officially started.
The initial set of pools are Uniswap LP token pools, users will need to obtain the Uniswap LP token by providing liquidity for BEL/USDT, BEL/ETH, ARPA/USDT on Uniswap and then stake the LP token on bella.fi to get BEL rewards.
Read tutorial:
Attended CointelegraphCH Roundtable
On Sept 23rd, Bella co-founder Felix Xu attended a roundtable forum hosted by CointelegraphCH and co-hosted by Bella, Tron foundation, YStar, and Poloniex.
During the roundtable, he discussed and gave his thoughts on “How to Catch the Tide of DeFi ?”
Announcement on Airdrop to ARPA Holders
The Bella Protocol Foundation has decided to conduct BEL airdrops to ARPA holders, in multiple tranches. The total amount of airdrop tokens is 2,000,000 BEL. This will replace the planned $BEL auction with 2% token allocation.
Read more:
Bella Community Member Launched #1 Bella Prioritization Proposal
On Sept 16th, Bella community member launched #1 Bella Prioritization Proposal.
BEL holders can vote for the prioritization of these products and this will serve as a positive guide in allowing community to participate in Bella’s product roadmap.
This will be the beginning of Bella’s DAO initiative, where BEL holders will have voting power in determining where the project is going.
About Bella
Bella is a suite of open finance products including automated yield farming tools, lending protocol, one-click savings account, customized robo-advisor, and more. We believe everyone deserves equal access to premium financial products and services with elegant design and 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 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
