Researcher, Enthusiast, Blockchain and Crypto Lover, Cryptography Lover, Ethereum is the King.
AryaArweave: The Permanent Data Storage
Permanent Cloud StorageIn today's digital age, cloud storage has become an essential aspect of our daily lives. With the increasing amount of data that we generate and need to store, the traditional means of data storage, such as physical hard drives or flash drives, are becoming less practical. Cloud storage offers a more convenient and accessible solution, allowing users to store their data on remote servers that they can access from anywhere, at any time, as long as they have an inter...
AryaWaves: Layer-1? Layer-0? Both?
Many layer-1 platforms exist out there. A layer-1 platform, in the blockchain world, is a blockchain able to perform smart contracts and dApps, without any dependency on any other blockchains. Actually, Waves is and is not one of these. This may sound confusing to you. How can a blockchain be both a layer-1 platform and not? Well, the answer is complex, and to get to the answer, it is best first to know what layer-0 is.Layer-0Blockchains Layer-0 blockchain is a concept that Cosmos Network int...
AryaDiscrete Logarithm in Cryptography
Discrete logarithm is one of the most important parts of cryptography. This mathematical concept is one of the most important concepts one can find in public key cryptography. Let’s first determine a very basic algorithm to make public keys in cryptography and then describe how discrete logarithm can help us in this algorithm.Diffie-Hellman Key ExchangeIn this method, there are two people, Alice and Bob, who want to make a safe channel to exchange messages, which Eve is an untrusted person wh...
AryaArweave: The Permanent Data Storage
Permanent Cloud StorageIn today's digital age, cloud storage has become an essential aspect of our daily lives. With the increasing amount of data that we generate and need to store, the traditional means of data storage, such as physical hard drives or flash drives, are becoming less practical. Cloud storage offers a more convenient and accessible solution, allowing users to store their data on remote servers that they can access from anywhere, at any time, as long as they have an inter...
AryaWaves: Layer-1? Layer-0? Both?
Many layer-1 platforms exist out there. A layer-1 platform, in the blockchain world, is a blockchain able to perform smart contracts and dApps, without any dependency on any other blockchains. Actually, Waves is and is not one of these. This may sound confusing to you. How can a blockchain be both a layer-1 platform and not? Well, the answer is complex, and to get to the answer, it is best first to know what layer-0 is.Layer-0Blockchains Layer-0 blockchain is a concept that Cosmos Network int...
AryaDiscrete Logarithm in Cryptography
Discrete logarithm is one of the most important parts of cryptography. This mathematical concept is one of the most important concepts one can find in public key cryptography. Let’s first determine a very basic algorithm to make public keys in cryptography and then describe how discrete logarithm can help us in this algorithm.Diffie-Hellman Key ExchangeIn this method, there are two people, Alice and Bob, who want to make a safe channel to exchange messages, which Eve is an untrusted person wh...
Researcher, Enthusiast, Blockchain and Crypto Lover, Cryptography Lover, Ethereum is the King.
Subscribe to Arya
Subscribe to Arya
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
Bella Protocol is a platform that provides a suite of DeFi products designed to make cryptocurrency banking simpler and more accessible.
Bella has 5 different applications:
Liquidity Mining: One can stake their LP tokens from Uniswap V2 and get rewarded.
Flex Savings: Flex Savings v2 is a smart pool that routes funds to DeFi protocols with the most competitive return. Users will receive bTokens.
Farm: Users can stake their bTokens to get rewarded with BEL.
Locker: Users can stake their BEL tokens for more BEL tokens.
Governance: Users can vote for proposals with their BEL tokens.
The codes are alright and audited by PeckShield.
The team is the team of ARPA chain. They are really capable of receiving what they have told they will.
Partners are not big and Investors are medium.
Tokenomics is ok. But:
The whole system is good until the max supply is reached. Why? Because everything is circling around BEL token and the rewards paid by this token. When there are no more rewards, Bella Protocol is worth almost nothing.
In one sentence, I actually don’t like this protocol and I don’t recommend it.
Bella Protocol is a platform that provides a suite of DeFi products designed to make cryptocurrency banking simpler and more accessible. The protocol aims to create a better user experience by eliminating the high fee and slow transaction issues that can affect some blockchain platforms — while simultaneously improving the user experience through its simplified DeFi smart portal.
Gas fees are sky-rocket expensive these days as the Ethereum ecosystem flourishes. It can cost as high as $500 USD in gas to deposit, claim the reward, and withdraw from protocols such as Curve.fi. With Flex Savings v2, users can expect to save up to 90% of the gas expense thanks to the built-in yield aggregation mechanisms.
Bella Protocol consists of 5 different applications:
Liquidity Mining
Flex Savings
Farm
Locker
Governance
There is a liquidity mining programme for Bella Protocol. Through this liquidity mining programme, one can stake their LP tokens for BEL/USDT, BEL/ETH, and ARPA/USDT pool in Uniswap V2. LP tokens, or liquidity provider tokens, are tokens that a user receive when they provide liquidity for a DEX like Uniswap.
This liquidity mining programme was giving BEL tokens which is the Bella Protocol’s token. BEL tokens were distributed to those who staked their LP tokens in the liquidity mining programme as of the launch of Bella Protocol in September 28, 2020. Since May 5, 2022, the BEL distribution to the LP token stakers in the liquidity mining programme was stopped and they don’t have any decision to bring it back up any soon.
As of today, BEL is traded on multiple leading centralized exchanges including Binance, Binance TR, Bithumb, Gate.io and many others, with more than adequate liquidity being provided. Therefore, Bella Protocol is confident to say that now is the time to close the special rewards program of Liquidity Mining.
This decision is not only prudently made based on the strong BEL liquidity across the above-mentioned exchanges, but also in consideration of less BEL emission going forward. There will be approximately 30,000 BEL less being released monthly by closing the rewards program.
Flex Savings v2 is a smart pool that routes funds to DeFi protocols with the most competitive return. It strives to help the users achieve the most attractive, risk-adjusted, sustainable return in the market. Think of Flex Savings as a hedge fund, but more transparent, efficient, and decentralized.
With Bella Flex Savings v2, users can deposit stablecoins and supported tokens to earn attractive yields automatically. The smart contract then automatically routes the fund to different mining pools under investment strategies.
In Flex Savings v2, Bella Protocol has implemented an earnings strategy on Curve.fi and other secure and protocols with high return. Users will be able to see a return much higher than the market standard with the BEL incentives program.
Flex Saving, now supports USDT, USDC, ARPA, WBTC, HBTC, BUSD, and DAI. The APY given for these currencies is comparable to other platforms. This APY is a bit higher than other platforms but since they are not fixed and may fluctuate, I don’t expect it to remain high for long.
The management fee is a flat 0.25% for the Bella Protocol smart-mining Flex Savings v2 product (only charged at withdrawal).
Farm is another way of earning more BEL, in the Bella Protocol. When you put your money in the Flex Saving programme, you are given some bTokens. These bTokens are a way to tell you that your money is safe and when ever you come with the bToken you may get your fund back.
For example, if you put your USDT in the Flex Saving programme, you get bUSDT. And if you put your WBTC, you get bWBTC.
Now, what is Farm? If you take your bTokens and stake them in the Farm pool of your bToken, you get rewarded with BEL token. More reward for just one use of Flex Saving. Isn’t that fun?
OK, now let’s make it more fun. You are getting rewarded with BEL in the Farm programme, but it isn’t all there is. You can take those BEL tokens, stake them in a Locker and get rewarded with more BEL.
Staking for 30 days, will give you 18% APY, for 60 days gives you 24%, for 120 days gives you 36%, and for 360 days will give you 50% APY. All the percentage mentioned are APY. Meaning that, for example, if you stake your BEL tokens for 120 days you will get 36% for a year and for 120 days you’ll get 12%.
So, let’s review. Assume that you have 1000 USDC. You put your USDC tokens in the Flex Saving programme for nearly 8% APY. Then you get your bUSDC, stake it in the Farm for another 8% APY with BEL tokens. Then, you take your rewards of BEL tokens, put them in the Locker for a 50% APY. If the price of BEL stays the same, at the end of the year your $1000, becomes something about $1180. About 18% APY.
Governance is a place to give new proposals and vote them with your BEL tokens. BEL is also the Governance token of the Bella Protocol.
The Bella Protocol is audited by the auditing company, PeckShield. You can read this audit here. In conclusion, there has been no critical, high, or medium bugs in their code. Therefore they are looking pretty secure.
Bella Protocol is a product of people working in the ARPA chain project. ARPA is a blockchain-based layer 2 solution for privacy-preserving computation.
Bella Protocol was co-founded by Felix Xu and Yemu Xu in 2020.
Felix Xu is the CEO of Bella and also the co-founder of ARPA, a privacy-preserving blockchain platform that incubated the Bella Protocol. Felix has several years of experience as a venture investor and analyst and is a veteran of the financial industry. Yemu, on the other hand, is a heavily experienced entrepreneur, with a history of analyst and consultant roles.
The rest of the Bella team overlaps with that of ARPA, which is composed of more than a dozen employees with a range of backgrounds in blockchain, finance, and product development.
Bella Protocol has partnered with Travala.com, Tidal, Alchemy Pay, 4everland, solv Protocol, forTube, Insurance, and Chromia. As you can see, the partners are not that big and they probably won’t help Bella Protocol to become bigger.
Many investors have invested in Bella Protocol. From these investors, Arrington Capital, Binance, and Ledger Capital are the grade 1 investors and Alphabit, AlphaCoin Fund, International, RockX, Tensor Ventures, N7 Labs, Quest Capital, The Force Partners, and HBTC Labs are the grade 2 and 3 investors.
This is Bella Protocol roadmap for 2022.
Bella Protocol had its roadmap and milestone for 2021 in their site, before. But now, the buttons for moving in the roadmap don’t work and no roadmap of before 2022 is in hands.
As it is seen in the roadmap, Bella Protocol is taking it really slow and only does one thing at a time. This can ensure us that they will reach to that one thing they have defined in their roadmap. But, only one thing? Well, that’s depressing.
Bella Protocol has a total supply of 100,000,000 BEL tokens and an initial circulating supply of 13,250,000 BEL.
A large proportion of the initial supply was distributed via a Binance Launchpool, with 5% of the total supply allocated to participants. In addition, 6% of the total supply was sold in a private sale and 2% was sold through a public auction.
The private sale price was $0.75 per token and was conducted on August 18th, 2020 selling 6,000,000 BEL to raise $4.5 million.
Beyond this, 18% of the total supply is reserved for the ecosystem, 4% for the reserve, 40% for user growth, 10% for staking rewards, and 15% for the team. Based on the expected rate of token releases, the BEL token should reach full dilution by ~2025.
The long-term growth of Bella Protocol and the value propositions of BEL tokens depends on a sustainable and revenue-generating business model. For Bella Protocol, the goal is to build a leading asset manager that combines the best of DeFi and CeFi to generate high risk-adjusted returns that are customisable for retail and institutional investors.
Like a hedge fund, Flex Savings will charge a small management fee upon fund withdrawal (converting bToken back to the native token) and a percentage of the native interest as a performance fee. Part of the fees will market buy BEL tokens on Uniswap, among which 50% is going to be BURNT, and 50% is distributable to BEL stakers (coming soon). The other part goes to the team for the risk reserve fund and to use in product development.
Please see TL; DR section for a conclusion.
Bella Protocol is a platform that provides a suite of DeFi products designed to make cryptocurrency banking simpler and more accessible.
Bella has 5 different applications:
Liquidity Mining: One can stake their LP tokens from Uniswap V2 and get rewarded.
Flex Savings: Flex Savings v2 is a smart pool that routes funds to DeFi protocols with the most competitive return. Users will receive bTokens.
Farm: Users can stake their bTokens to get rewarded with BEL.
Locker: Users can stake their BEL tokens for more BEL tokens.
Governance: Users can vote for proposals with their BEL tokens.
The codes are alright and audited by PeckShield.
The team is the team of ARPA chain. They are really capable of receiving what they have told they will.
Partners are not big and Investors are medium.
Tokenomics is ok. But:
The whole system is good until the max supply is reached. Why? Because everything is circling around BEL token and the rewards paid by this token. When there are no more rewards, Bella Protocol is worth almost nothing.
In one sentence, I actually don’t like this protocol and I don’t recommend it.
Bella Protocol is a platform that provides a suite of DeFi products designed to make cryptocurrency banking simpler and more accessible. The protocol aims to create a better user experience by eliminating the high fee and slow transaction issues that can affect some blockchain platforms — while simultaneously improving the user experience through its simplified DeFi smart portal.
Gas fees are sky-rocket expensive these days as the Ethereum ecosystem flourishes. It can cost as high as $500 USD in gas to deposit, claim the reward, and withdraw from protocols such as Curve.fi. With Flex Savings v2, users can expect to save up to 90% of the gas expense thanks to the built-in yield aggregation mechanisms.
Bella Protocol consists of 5 different applications:
Liquidity Mining
Flex Savings
Farm
Locker
Governance
There is a liquidity mining programme for Bella Protocol. Through this liquidity mining programme, one can stake their LP tokens for BEL/USDT, BEL/ETH, and ARPA/USDT pool in Uniswap V2. LP tokens, or liquidity provider tokens, are tokens that a user receive when they provide liquidity for a DEX like Uniswap.
This liquidity mining programme was giving BEL tokens which is the Bella Protocol’s token. BEL tokens were distributed to those who staked their LP tokens in the liquidity mining programme as of the launch of Bella Protocol in September 28, 2020. Since May 5, 2022, the BEL distribution to the LP token stakers in the liquidity mining programme was stopped and they don’t have any decision to bring it back up any soon.
As of today, BEL is traded on multiple leading centralized exchanges including Binance, Binance TR, Bithumb, Gate.io and many others, with more than adequate liquidity being provided. Therefore, Bella Protocol is confident to say that now is the time to close the special rewards program of Liquidity Mining.
This decision is not only prudently made based on the strong BEL liquidity across the above-mentioned exchanges, but also in consideration of less BEL emission going forward. There will be approximately 30,000 BEL less being released monthly by closing the rewards program.
Flex Savings v2 is a smart pool that routes funds to DeFi protocols with the most competitive return. It strives to help the users achieve the most attractive, risk-adjusted, sustainable return in the market. Think of Flex Savings as a hedge fund, but more transparent, efficient, and decentralized.
With Bella Flex Savings v2, users can deposit stablecoins and supported tokens to earn attractive yields automatically. The smart contract then automatically routes the fund to different mining pools under investment strategies.
In Flex Savings v2, Bella Protocol has implemented an earnings strategy on Curve.fi and other secure and protocols with high return. Users will be able to see a return much higher than the market standard with the BEL incentives program.
Flex Saving, now supports USDT, USDC, ARPA, WBTC, HBTC, BUSD, and DAI. The APY given for these currencies is comparable to other platforms. This APY is a bit higher than other platforms but since they are not fixed and may fluctuate, I don’t expect it to remain high for long.
The management fee is a flat 0.25% for the Bella Protocol smart-mining Flex Savings v2 product (only charged at withdrawal).
Farm is another way of earning more BEL, in the Bella Protocol. When you put your money in the Flex Saving programme, you are given some bTokens. These bTokens are a way to tell you that your money is safe and when ever you come with the bToken you may get your fund back.
For example, if you put your USDT in the Flex Saving programme, you get bUSDT. And if you put your WBTC, you get bWBTC.
Now, what is Farm? If you take your bTokens and stake them in the Farm pool of your bToken, you get rewarded with BEL token. More reward for just one use of Flex Saving. Isn’t that fun?
OK, now let’s make it more fun. You are getting rewarded with BEL in the Farm programme, but it isn’t all there is. You can take those BEL tokens, stake them in a Locker and get rewarded with more BEL.
Staking for 30 days, will give you 18% APY, for 60 days gives you 24%, for 120 days gives you 36%, and for 360 days will give you 50% APY. All the percentage mentioned are APY. Meaning that, for example, if you stake your BEL tokens for 120 days you will get 36% for a year and for 120 days you’ll get 12%.
So, let’s review. Assume that you have 1000 USDC. You put your USDC tokens in the Flex Saving programme for nearly 8% APY. Then you get your bUSDC, stake it in the Farm for another 8% APY with BEL tokens. Then, you take your rewards of BEL tokens, put them in the Locker for a 50% APY. If the price of BEL stays the same, at the end of the year your $1000, becomes something about $1180. About 18% APY.
Governance is a place to give new proposals and vote them with your BEL tokens. BEL is also the Governance token of the Bella Protocol.
The Bella Protocol is audited by the auditing company, PeckShield. You can read this audit here. In conclusion, there has been no critical, high, or medium bugs in their code. Therefore they are looking pretty secure.
Bella Protocol is a product of people working in the ARPA chain project. ARPA is a blockchain-based layer 2 solution for privacy-preserving computation.
Bella Protocol was co-founded by Felix Xu and Yemu Xu in 2020.
Felix Xu is the CEO of Bella and also the co-founder of ARPA, a privacy-preserving blockchain platform that incubated the Bella Protocol. Felix has several years of experience as a venture investor and analyst and is a veteran of the financial industry. Yemu, on the other hand, is a heavily experienced entrepreneur, with a history of analyst and consultant roles.
The rest of the Bella team overlaps with that of ARPA, which is composed of more than a dozen employees with a range of backgrounds in blockchain, finance, and product development.
Bella Protocol has partnered with Travala.com, Tidal, Alchemy Pay, 4everland, solv Protocol, forTube, Insurance, and Chromia. As you can see, the partners are not that big and they probably won’t help Bella Protocol to become bigger.
Many investors have invested in Bella Protocol. From these investors, Arrington Capital, Binance, and Ledger Capital are the grade 1 investors and Alphabit, AlphaCoin Fund, International, RockX, Tensor Ventures, N7 Labs, Quest Capital, The Force Partners, and HBTC Labs are the grade 2 and 3 investors.
This is Bella Protocol roadmap for 2022.
Bella Protocol had its roadmap and milestone for 2021 in their site, before. But now, the buttons for moving in the roadmap don’t work and no roadmap of before 2022 is in hands.
As it is seen in the roadmap, Bella Protocol is taking it really slow and only does one thing at a time. This can ensure us that they will reach to that one thing they have defined in their roadmap. But, only one thing? Well, that’s depressing.
Bella Protocol has a total supply of 100,000,000 BEL tokens and an initial circulating supply of 13,250,000 BEL.
A large proportion of the initial supply was distributed via a Binance Launchpool, with 5% of the total supply allocated to participants. In addition, 6% of the total supply was sold in a private sale and 2% was sold through a public auction.
The private sale price was $0.75 per token and was conducted on August 18th, 2020 selling 6,000,000 BEL to raise $4.5 million.
Beyond this, 18% of the total supply is reserved for the ecosystem, 4% for the reserve, 40% for user growth, 10% for staking rewards, and 15% for the team. Based on the expected rate of token releases, the BEL token should reach full dilution by ~2025.
The long-term growth of Bella Protocol and the value propositions of BEL tokens depends on a sustainable and revenue-generating business model. For Bella Protocol, the goal is to build a leading asset manager that combines the best of DeFi and CeFi to generate high risk-adjusted returns that are customisable for retail and institutional investors.
Like a hedge fund, Flex Savings will charge a small management fee upon fund withdrawal (converting bToken back to the native token) and a percentage of the native interest as a performance fee. Part of the fees will market buy BEL tokens on Uniswap, among which 50% is going to be BURNT, and 50% is distributable to BEL stakers (coming soon). The other part goes to the team for the risk reserve fund and to use in product development.
Please see TL; DR section for a conclusion.
No activity yet