Bella (BEL Coin) Lending Protocol Beginner’s Guide 2022 | Stake and Earn High Crypto Yield With DeFi Arbitrage Strategies

4 min read

Bella Protocol offers a suite of DeFi products to bring your familiar mobile banking into crypto with just one-click.

Bella Protocol Founders andTeam Members

Bella Protocol is led by Felix Xu (CEO) and Yemu Xu (CGO). Felix has been active in the cryptocurrency field since 2018, while Yemu bought his first Bitcoin (BTC) in 2016 and has never looked back. Bella’s CGO was formerly with Fidelity Investments, which manages $3.3 trillion of assets, and Boro, a fintech startup.

Yemu has also forged links with ZhenFund, a reputable venture capital firm in China. A variety of industry experts such as blockchain engineers, cryptographers, and financiers are also on the team.

The team entered the DeFi market in 2019 by providing liquidity to different lending platforms and decentralized exchanges (DEXs). However, the team identified inefficiencies that it set out to resolve.

Their motivation comes from the realization that the DeFi market:

  • Is worth trillions of dollars.
  • Has a low adoption rate.
  • Charges a ton in transaction fees.
  • Struggles with a system of earning rewards.
  • Has limited interaction between DeFi and centralized finance (CeFi).
  • Lacks mobile-friendly products.

And to add, DeFi products use smart contracts, which is still a foreign subject to most people.

What is Bella Protocol?

Bella Protocol is a network of open financial tools that aim to boost the adoption and ease of use of DeFi systems while throwing in a banking aspect into it. The network’s main offerings include a customized robot-type advisor, a lending protocol, a yield farming tool, and a savings account. The system claims to take conventional mobile banking “into crypto with just 1-click.”

The one-click is brought about by packaging complicated ideas into simple, actionable plans via automation.

With Bella, DeFi users can comfortably conduct yield farming without having to jump between protocols. The network relies on complex arbitrage methods as the team behind believes they will see DeFi users grow tenfold.

Bella and its co-founders have a deep connection with ARPA, a layer-two distributed system built on top of Ethereum. A part of its functions includes asset custody and inter-chain operability. Bella is meant to push ARPA’s vision forward by being at the core of the DeFi revolution.

As such, Bella’s early supporters and users come from the ARPA community with a global presence. The community is spread across various social media platforms such as WeChat (over 40,000 people), Weibo (52K+ followers), Twitter (20K+ followers), Telegram (15K+ members), among others. ARPA is listed on Bithumb, Kucoin, Binance, Gate.io, Huobi Global, among other exchanges

Bella Protocol key partners
Bella Protocol key partners

The project is backed by key partners such as Binance, Arrington XRP Capital, AlphaBit, and The Force Partners.

Bella DeFi Suite

Bella Lending

Bella Lending supports tokens used in liquidity pools, carries a referral bonus, and powers yield farming and liquidity mining. Generally, it acts as a distributed and flexible money distribution point.

Bella 1-click

With a single click, the protocol brings DeFi features to a central point. Interestingly, it lowers gas fees to zero and acts as a smart portal.

Bella Robot-like Advisor

A robot is a program that takes large amounts of data and computes the most probable outcome. For Bella, a robot calculates the risks and provides a tailored exposure to stablecoins capable of bringing yields during farming, among other user-focused customizations.

Bella Flex Savings

Here, the system’s users are exposed to arbitrage strategies capable of earning the highest rewards in yield farming. Flex Savings accommodates multiple stablecoins and virtual currencies. However, these strategies are based on a user’s risk level. For instance, if a user stakes USDT, 40 percent can be used to farm yields on Compound (COMP), 40 percent on Curve Finance (CRV), and 20 percent distributed to newer protocols.

Between Q4 2020 and Q3 2021, the network will see the launch of the 1-click protocol, Flex Savings, Lending tool, and conduct more user growth campaigns, as well as add other features.

Bella Coin ($BEL) – ERC-20 Token and Its Uses

The protocol uses a native currency, BEL, to tackle voting and governance issues. The token is designed using Ethereum’s ERC-20 standard.

The token is used for fee collection, rewarding its holders, and staking. BEL has a hard cap of 100 million tokens. The tokens are distributed among the Binance Launchpool (5%), auction (2%), private sale (6%), ecosystem (18%), reserve (4%), user growth (40%), staking (10%), and the team (15%).

Rewards for BEL stakers come from the management fee charged by the protocol for its products. Apart from staking, BEL tokens can be used to take interest instead of receiving rewards in the token invested. For instance, Flex Savings’ users who have deposited USDT and earned an interest of 1,000 USDT can opt to receive the interest in BEL for a bonus.

Binance Launchpool

Bella Protocol (BEL) is the first project to be hosted on Binance Launchpool. Users will be able to stake their ARPA, Binance Coin (BNB), or Binance USD (BUSD) tokens into three separate pools to farm BEL tokens, starting from 20/09/09 0:00 AM (UTC) to 2020/10/09 0:00 AM (UTC). On 2020/09/16 6:00 AM (UTC), Binance will then list BEL and open trading for BEL/BTC, BEL/BNB, BEL/BUSD and BEL/USDT trading pairs.

Bella Protocol will be on Binance Launchpool
Bella Protocol will be on Binance Launchpool

BEL Launchpool Details:

Token Name: Bella Protocol (BEL)

Private Sale Token Price: 1 BEL = 0.75 USD

Launchpool token rewards: 5,000,000 BEL (5% of Total Token Supply)

Total Token Supply: 100,000,000 BEL

BEL staking period
BEL staking period

Supported Pools:

Stake BNB: 4,500,000 BEL in rewards (90%)

Stake BUSD: 450,000 BEL in rewards (9%)

Stake ARPA: 50,000 BEL in rewards (1%)

Users can go to Binance Savings page to stake their tokens. Just click on the BNB, BUSD or ARPA flexible savings products with a “Launchpool” label. For more information, please refer here.

Binance Savings Page
Binance Savings Page

How to calculate the amount of BEL tokens you will get?

Staked BNB, BUSD and ARPA balances will be recorded each hour for 30 days after the staking period begins to get an average daily staking balance for each day. Rewards allocated to each pool will be split evenly every day over the 30 day period.

Calculation for BNB pool stakers:

 5,000,000 x 90% / 30 = 150,000 BEL tokens per day

Each participant’s rewards will then be calculated every day based on their ratio of BNB staked compared to all BNB staked in each pool.

Example:

User A: Stakes 5,000 BNB for 12 hours on thefirst day

Average amount of BNB for all users (across 24 hours): 100,000BNB

Calculation: ((5,000 x 12 / 24 ) / 100,000) x 150,000 = 3,750 BEL tokens

Bella Protocol (BEL Coin) Worth Your Investment in 2022?

The DeFi scene continues to witness increased activity from users and developers alike even if the adoption rate is quite slow.

For traditional investors to join the space, there needs to be a clear and robust connection between DeFi and CeFi. One way to bring this connection is through products like Bella that bring a familiar offering to those rooted in conventional financial methods.

Bella’s mobile-friendly products, such as tools for yield farming, lending, savings, and a customized risk assessment Robo-advisor, are the key to driving the mass adoption of DeFi. Furthermore, a smooth user experience, as well as the utility and incentivization of BEL tokens also adds value to the protocol, which in turn, helps speed up adoption.

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