Bella Protocol Research Hub | BEL information, history and analysis

Bella Protocol is an interface that aggregates existing DeFi protocols. The goal of Bella is to make the user experience even easier than current DeFi protocols, allowing for simple deposit and profit-making. Bella Protocol uses the “1-click” method of product development, which means that the products are created automatically and are suitable for both new and experienced users. Bella Protocol expects that 1-click can change the current crypto market, increasing the number of DeFi users in the world by more than ten times.

Bella Protocol products are developed automatically for both new and experienced users. Bella solves barriers to participation in the DeFi ecosystem, such as high petrol prices, slow speeds, and a bad user experience, by focusing on the following points:

• Automation: The automation mechanism allows users to deposit assets into the Bella protocol while Bella automatically implements profits.
• No Gas Fees: Bella hopes that everyone has the right to access quality financial services, not to let Gas costs be a barrier.
• Best Yield: Bella’s Smart Pool utility directs customer deposits to the most profitable and competitive pools on the market.

BEL is a cryptocurrency in the Bella ecosystem used in the following cases:

• Fee charging: A part of service and transaction revenue from the platform will be used as a reward for BEL stakeholders and voters, as well as to fund referral channels, the operating budget, and the project risk reserve fund.
• Discount: BEL holders are offered a discount on service fees. When paying with BEL, the user will pay a cheaper service fee than the regular fee.
• Staking: To offset the increase in circulating supply within the first two years, Bella wants to implement a staking reward program for regular BEL token holders.