Bella Protocol Unveils New Liquidity Product, Taps Into Booming zkSync Ecosystem
Introducing Bella LP Farm — the largest yield protocol on zkSync!
We’re excited to unveil our newest product, an innovative liquidity farming protocol built on zkSync. As part of our ongoing efforts to enhance DeFi liquidity across multiple chains, this launch echoes our exploration of the thriving zkSync ecosystem following the token bridging on June 27. With LP Farm, liquidity providers can maximize their returns and tap into the growing potential of the zkSync DeFi field. We’re also partnering with leading zkSync-based DEX, iZUMi Finance, to jointly enhance liquidity. Explore our dual farming campaign and rewards program below.
What is Bella LP Farm?
Bella LP Farm is a strategic enhancement to our DeFi solutions portfolio, thoughtfully designed to enrich the liquidity farming experience. Building upon the success of our past initiatives, such as the yield aggregator Flex Savings and Uniswap V3 simulator Tuner, Bella LP Farm embodies our commitment to pushing the boundaries of liquidity provision. It is a liquidity protocol designed to optimize returns on liquidity provision across multiple DEXs.
By staking their LP tokens received from DEX pools carefully selected by Bella, liquidity providers can unlock additional rewards. It employs a mutually beneficial mechanism that boosts liquidity for DEXs while empowering LPs with lucrative staking incentives provided by Bella LP Farm. The product will also drive us toward the position of a leading DeFi player with the following features.
Transparent and secure. Asset safety matters the most. With Bella LP Farm, users can ensure transparency and security by checking our publicly available smart contract.
Easy to use. One major pain point of DeFi is poor user experience. Our LP Farm addresses this by offering a user-friendly interface for easy participation, making liquidity farming accessible to all. However, for those who are new to DeFi, a brief tutorial should help.
Flexibility. Bella LP Farm allows users to stake their LP tokens without a mandatory lock-up period, enabling convenient deposit, withdrawal, and on-demand farming rewards retrieval.
Multi-chain adaptability. Bella LP Farm is designed to support various chains. We aim to provide users with agility and access to diverse liquidity farming opportunities. The integration with zkSync via iZiswap is only the beginning of our ongoing pursuit of new liquidity avenues.
Why zkSync and iZUMi?
At Bella, we are dedicated to multi-chain open finance and understand the importance of strong liquidity. With our expertise in yield aggregation and LP strategy, along with deep knowledge of Ethereum and other L1 and L2s, we embark on our mission to be the premier liquidity facilitator in the open finance ecosystem.
zkSync Era is our top layer-2 choice. Built upon ZK-rollups, it inherits Ethereum’s security, and makes its name by offering low fees, frictionless transfers, censorship resistance, and high security. Since its launch in March, it boasts 1.5M+ unique active addresses, $180M+ TVL, and 300+ dApps in its ecosystem.
iZUMi Finance, as the second-largest DEX on zkSync, makes a very sound partner for us to establish a strong presence in the zkSync ecosystem. Its DL-AMM (Decentralized Limit Automated Market Maker) algorithm and peer-to-pool Order Book architecture are both helpful in improving user experience and attracting stronger liquidity.
Dual farming campaign with iZUMi kicks off
We are hosting a dual-reward liquidity farming campaign with iZUMi to celebrate the successful launch of Bella LP Farm.
Over the upcoming 2 months, liquidity providers in the BEL-USDC pool on iZiswap can earn extra $BEL and $iZi by staking their LP tokens on Bella LP Farm. Please note that the rewards rate may float according to the TVL change.
What’s the next step?
Joining hands with iZUMi represents the beginning of our journey within the zkSync ecosystem. With its robust technology and inclusive environment, zkSync is poised for significant liquidity growth, and we are eager to contribute to its prosperity.
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.
Bella Protocol provides a suite of DeFi products for auto-compounding yield and developer tools for building DApps integrating Uniswap AMM. The main product, Bella Flex Savings V2, is a trusted smart mining product that allows users to experience low gas and management fee, auto return, token burn, and considerable yield farming incentives. Flex Savings V2 has been running on Ethereum for over 27 months, with the highest TVL of over $40 million.
Bella’s core team recently completed building a developer tool — Tuner. This programmatic Uniswap V3 simulator allows strategy backtesting on a transaction-to-transaction basis with arbitrary or historical data without the EVM. It runs independently yet completely retains the exact smart-contract behavior of the intricate design and implementation of Uniswap V3. Tuner now has 38 forks and 121 stars on GitHub.
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 email@example.com
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