Flex Savings v2 Launch Date & Million-Dollar Yield Farming Program
Dear Bella community:
Today we have an exciting announcement to make: Bella Protocol smart mining pool product Flex Savings v2 will go live on Ethereum Mainnet on Feb 8th at 8pm (UTC+8).
Along with the grand launch, there will also be a million-dollar yield farming program to bootstrap the staking of bToken as well as the initial liquidity in the product. As a result, we expect the combined APY (native APY + BEL APY) to be much higher than the current industry standard.
The first batch of farm pools in Flex Savings v2 are: bUSDT, bUSDC, bARPA. Users will receive these bTokens once they have made deposits of USDT, USDC, and ARPA into Flex Savings v2.
Staking of these bTokens will allow users to receive extra BEL token rewards during the yield farming period. By distributing extra BEL rewards, we will not only bootstrap the Flex Savings v2 product but also guarantee every user a more competitive return.
Million-Dollar Yield Farming Incentives Program
Total reward:
500,000 BEL (worth >$1,000,000 at current market price, as of Feb 5, 2021)
The total reward for the first week will be 100,000 BEL, rewards for the second week and onwards will decrease by 15% every week. Subsequent adjustments may be made according to the market condition and TVL.
Estimated Duration:
8 weeks
Supported Pool:
The first batch of pools including: bUSDT, bUSDC, bARPA, more will be added depending on the market condition and feedback from the community.
Details on Week 1 Incentives
Total rewards: 100,000 BEL
Duration: Feb 8th, 2021 (8pm UTC+8) to Feb 15, 2021 (8pm UTC+8)
Supported Pool & Specific Reward Setting
- USDT pool: 50,000 BEL extra rewards
- USDC pool: 40,000 BEL extra rewards
- ARPA pool: 10,000 BEL extra rewards
The earlier you stake, the earlier & more BEL reward you’ll get, hop on the train, and don’t miss out on the chance!
The whole Bella Protocol team is working diligently to prepare for the initial public release of Flex Savings v2, stay tuned!
About Bella
Bella is a suite of open finance products including automated yield farming tools, lending protocol, 1-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
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