Bella Protocol aims to solve current pain points in the DeFi user experience, such as high gas fees and a steep learning curve, and to onboard more users into the DeFi ecosystem.
Bella Protocol offers a suite of DeFi products for a streamlined crypto banking experience. Bella provides diversified cross-platform yield farming strategies with auto-rebalancing, and caters to both new and experienced users on-chain or via Bella's custodian service. The project also minimizes the transaction gas fees involved by aggregating transactions and interacting with smart contracts in batches (once every 12 hours).
| Full Name | Bela (BEL) |
|---|---|
| Start Date | 2020-09-09 |
| Algorithm | ETH Token |
| Proof Type | N/A |
| Website | https://bella.fi/ |
| @BellaProtocol | |
| N/A | |
| N/A | |
| Block Number | N/A |
| Block Time | N/A |
| Block Reward | N/A |
| Total Coins Mined | N/A |
| Previous Total Coins Mined | N/A |
| Net Hashes Per Second | N/A |
BEL is the native utility token of the Bella ecosystem, with use cases including:
Fee Collection: A portion of transaction and service revenue from the platform will be used to reward BEL stakers and voters. The revenue stream is shared amongst the following parties: BEL stakers and voters, referral channels, operations budget and the project's risk reserve (a pool of assets which will be used to compensate users when security events take place).
Discounts: BEL holders enjoy service fee discounts. For instance, users will pay less for using the Robo-Advisor product when they choose to pay their fees in BEL.
Staking: The Bella Protocol team plans to launch staking rewards for regular BEL token holders to offset the increase in circulating supply in the first two years.
Voting and Governance: Users who stake BEL tokens can vote for potential product upgrades, releases, and parameter fixes.