Bella Protocol

Summary

Bella Protocol is an aggregated user interface for existing Decentralized 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.

History

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 solution for privacy-preserving computation. The BEL token is an essential component of the Bella Protocol ecosystem and serves as both 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.

Mission

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 subsidized 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.”

Vision

To make crypto banking simpler and more accessible.

Products/Services

Bella Protocol offers a suite of DeFi products for streamlined crypto banking experience. The core concept of Bella product design is 1-Click. Bella automates everything possible, subsidizes gas fee, and caters to both new and experienced users via on-chain smart contracts.

One of Bella Protocol’s main features is its simplified user experience and wide variety of products. The platform consists of the following main products: the Bella Liquidity Mining platform, flexible savings, a one-click smart portal to deploy assets with zero gas fees on popular and profitable DeFi products, a lending platform, and the Robo-Advisor, which can be used to help with the investment selection process.

Team

Felix Xu (Founder and CEO)

Recognition and awards

Bella’s investors include Binance, Arrington Capital, and Ledger Capital.

References

https://arpachain.io/?utm_source=cypherhunter

https://bella.fi/?utm_source=cypherhunter

https://paganresearch.io/company/bella-protocol

https://www.linkedin.com/in/felixmxu

https://www.cypherhunter.com/en/p/felix-xu/