What is Bella Protocol (BEL)?
It is said that decentralized finance or DeFi is the future of finance where it may gradually expand to liquid-chain assets and revolutionize the traditional finance system. Bella protocol is a platform that aims to accelerate DeFi adoption by offering a full suite of DeFi products. The products include an automated yield farming tool, lending protocol, 1-click savings account, customized robo-advisor, and many more.
Bella’s smart pool feature allows the user to access the beat yields available in the DeFi space, offering zero gas fees, and eliminating slow transaction issues. BEL is the native token of the protocol with a total supply of 100 million. The token is not only a governance token but is also used for fee collection and staking. The holders also enjoy some discounts over the platform.
| Launch Date | September 09, 2020 |
| Founder | Felix Xu and Yemu Xu |
| Blockchain Protocol | Arpa Chain |
| Native Token | BEL |
| Market Cap | $31.95 million |
| Token Type | Native and Governance |
| Circulating Supply | 48 million |
| Total Supply | 100 million |
| Consensus Method | Proof-of-Stake |
Who Are the Founders of the Bella Protocol?
The Bella protocol was founded by the Arpa team which consists of a layer 2 solution. The co-founders include Felix Xu and Yemu Xu, headquartered in China. Presently, Felix Xu is the CEO of Bella Protocol and co-founder of the ARPA ecosystem. He carried years of experience and is also considered a veteran in the financial sector.
Besides, his partner Yemu Xu is a serial entrepreneur with huge experience. He has earlier served as an analyst and a consultant in various industries over the years. Along with them, the Bella team includes more than a dozen employees having experience in blockchain, finance, and product development.
How Does Bella Protocol Work?
The core concept of Bella Protocol design is ‘1-Click’. The products condense the information into actionable plans and automate almost everything, helping new and experienced users. 1-Click allows the users to deposit and also enjoy a high yield from arbitrage strategies. Below are some of the products offered by Bella Protocol,
- Bella Liquidity Mining: it allows the BEL holders to bootstrap from the DeFi and ARPA community. One can also stake LP tokens of curve pool, Balancer ARPA/USDC, and BEL/USDC to earn rewards
- Bella Flex Savings: it optimizes arbitrage strategies across protocols for the highest yield and supports multiple cryptos and stablecoins
- Bella One-Click Portal: it is a smart portal for popular DeFi products offering one-click with zero fees
- Bella Lending: it is a highly flexible decentralized money market offering liquid mining, referral bonus supporting liquidity pool tokens
- Bella Robo-Advisor: it offers the user risk profile customization and also offers exposure to cryptos, indexes, and yield-earning stablecoin.
What Makes Bella Protocol Unique-Use Cases?
The platform is a strategic move made by ARPA to extend its growing community into the DeFi sector. One of the main features of the Bella protocol is it simplifies the user experience and other products. The various products can be used to help with the investment selection process. The platform is supported by BEL token holders who contribute to the governance of the network by voting on the proposals.
Bella Protocol (BEL) Price Analysis
Source: TradingView
- The BEL price maintained a significant upswing since the beginning of the year and hence is believed to maintain a fine upswing ahead
- Despite the previous failed attempt to rise beyond the rising parallel channel, the price appears to be poised which may trigger a rebound from the current levels
- The ADX or the Average Directional Index which measures the strength of the rally has rebounded from the lower support indicating the upswing may prevail for long
- Meanwhile, the price may test the upper resistance at $0.8781 and further enter the crucial resistance zone between $0.8983 and $0.9185
- The price may hover for a while between these levels and attempt a bullish breakout to hit $1
| BEL Price Today | $0.6687 |
| Price Change (Yearly) | -21.1% |
| Market Dominance | 0.00% |
| Market Rank (as per CMC) | 531 |
| Market Cap | $32.08 million |
| Fully Diluted Market Cap | $66.84 million |
| ATH | $10.03 |
| ATL | $0.2211 |
How to Buy Linear Finance in India?
To buy Linear Finance in India, just follow the below-mentioned steps:
- Download the CoinDCX App on your Smartphone
- Enter the details required for registration
- Complete KYC
- After your profile is verified, fund your wallet and buy a BEL
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