Bella Protocol is an aggregated user interface for existing Decentralised Finance (DeFi) protocols. It aims to simplify the user experience of existing DeFi protocols and to allow users to deploy their assets and earn yield.
The project launched in September 2020 as the first project distributed via Binance’s Launchpool platform, and has secured investments from several prominent firms, including Arrington XRP Capital and Ledger Capital. The protocol was built by the ARPA team, a blockchain-based layer 2 solutions for privacy-preserving computation. The BEL token is an essential component of the Bella Protocol ecosystem and serves as a reward token that allows holders to participate in the governance of the platform. BEL can also be used to farm fee rewards from the network, get exclusive discounts on Bella protocol products (such as its robo-advisor tool), and for earning staking rewards.
According to the founder, Felix Xu: “Our protocol aims to create a better user experience by eliminating the high fee and slow transaction issues that can affect some blockchain platforms like Ethereum while simultaneously improving the user experience through its simplified DeFi smart portal. Bella’s smart pool feature allows users to access the best yields available in the DeFi market, while benefiting from nearly zero gas fees since these are directly subsidised by the platform. The project launched in September 2020 as the first project distributed via Binance’s Launchpool platform, and has secured investments from several prominent firms, including Arrington XRP Capital and Ledger Capital.”
To make crypto banking simpler and more accessible.
