PancakeSwap Welcomes Bella Protocol to Syrup Pool!
Following its mighty success as Binance’s first Launchpool project, CAKE holders, today we are excited to be able to offer you a new Syrup Pool from Bella Protocol, an aggregated user interface for existing Decentralized Finance (DeFi) protocols. Bella Protocol aims to simplify the user experience of existing DeFi protocols, and to allow users to deploy their assets and earn yield with ease.
The Syrup Pool:
Stake CAKE tokens to earn BEL tokens!
Total Tokens: 95,000 BEL
Distribution duration: 60 days
Start block: 5436590 (March 6th 3PM SGT)
Finish block: 7164590 (May 5th 3PM SGT)
Token rewards per block: 0.0549 BEL
In order to host the BEL Syrup Pool, we will need to provide a BEL-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is Bella Protocol?
Bella Protocol aims to solve current pain points in the DeFi user experience, such as high gas fees and a steep learning curve, and to onboard more users into the DeFi ecosystem.
Bella Protocol offers a suite of DeFi products for a streamlined crypto banking experience. Bella provides diversified cross-platform yield farming strategies with auto-rebalancing, and caters to both new and experienced users on-chain or via Bella’s custodian service. The project also minimizes the transaction gas fees involved by aggregating transactions and interacting with smart contracts in batches (once every 12 hours). Bella’s first product, Flex Savings, is live on Ethereum at fs.bella.fi. Current APY for USDT, USDC and WBTC is up to 70%!
What is $BEL?
BEL is the native utility token of the Bella ecosystem, with use cases including:
Fee Collection: A portion of transaction and service revenue from the platform will be used to reward BEL stakers and voters. The revenue stream is shared amongst the following parties: BEL stakers and voters, referral channels, operations budget and the project’s risk reserve (a pool of assets which will be used to compensate users when security events take place).
Discounts: BEL holders enjoy service fee discounts. For instance, users will pay less for using the Robo-Advisor product when choosing to pay their fees in BEL.
Staking: The Bella Protocol team plans to launch staking rewards for regular BEL token holders to offset the increase in circulating supply in the first two years.
Voting and Governance: Users who stake BEL tokens can vote for potential product upgrades, releases, and parameter fixes.
To learn more about Bella Protocol, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/bellaprotocol
How do you stake CAKE to earn BEL rewards?
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
- Visit this webpage: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the BEL Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 BEL will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your BEL tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official BEL token contract address on Binance Smart Chain is:
Any other BEL token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for BEL tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰