Bella Protocol Monthly Report | May 2021

Bella Protocol introduced Monthly Report for May 2021 to share team’s latest developments and progress.

01 Bella Development Dynamics & Technology Progress

DeFi

Updated Flex Savings Website

Maintained Flex Savings Smart Contracts

02 Community, Marketing & Listings

The 3rd Round of Flex Savings Yield Farming Incentives Program Ended, the 4th Round Started

On Jun 14th, the 3rd round of the Flex Savings Yield Farming Incentives Program has successfully ended. According to market conditions and feedback from the community, they decide to start a fourth round of the Yield Farming Incentives Program.
This round will last for four weeks, and rewards remain the same every week. The total reward adds up to 153,200 BEL, worth more than $284,000 as of now.

On Jun 11th, Bella Protocol announced its partnership with Sypool Protocol, a synthetic asset management protocol.

On Jun 2nd, Bella Protocol published an article about NFT after in-depth research: Why NFT Arts Are The Gatsby Dream of Digital Era. Shortly after, Nasdaq also covered this article.

On June 9th, Bella Protocol announced a strategic partnership with ForTube, on the same day at 14:00 (UTC+8), $BEL (BEP-20) was listed in the Innovation Zone of ForTube BSC, and the “New Token Mining” campaign started.

On June 4th, Bella Protocol reached a partnership with Wault Finance, a cross-chain decentralized finance hub. Users are now able to stake $WEX to earn 100k $BEL, and a new BEL-BNB WFarm with a bonus $WEX reward opened, allowing users to earn $WEX with BEL-BNB LP.

On Jun 4th, Bella Protocol entered into a full partnership with Earn Finance, a subsidiary of Yearn Classic Finance Ecosystem.
The Bella Protocol and EarnX partnership explore:

• Providing premium NFTs backed by physical art into DeFi,
• Bringing Bella and EarnX communities together.
• Working on exciting projects that bring innovation to NFTs and Defi field like NFT mining, dynamic NFTs, NFT airdrops to both community holders.

On May 31st, Bella Protocol announced its partnership with Mars Ecosystem, a decentralized and scalable stablecoin ecosystem. An AMA with Mars Ecosystem was held on Jun 3rd in Bella main community, and a 20000 $XMS airdrop event for Bella users started on Jun 6th.

On May 28th, Bella Protocol announced its partnership with InsurAce, a leading multi-Chain decentralized Insurance. Users of Bella Protocol will now have the ability to insure their staked assets against risks of smart contract hacks and bugs.

InsurAce will offer a special discount to Bella users buying covers on InsurAce, and Bella will also incentivise these users with BEL tokens. Meanwhile, Bella Protocol will buy cover from InsurAce to safeguard their treasury. Both protocols will also work closely in co-marketing and community building.

PWhat is Bella?

Bella is a suite of open finance products, including automated yield farming tools, BEL Locker, and Flex Savings. They believe everyone deserves equal access to premium financial products and services with elegant design and a smooth user experience.

Bella Protocol is backed by Binance Labs and Arrington Capital as lead investors. Other investors include Alphabit, AlphaCoin Fund, Koi Ventures, Ledger Capital, Tensor, N7 labs, Quest Capital, HBTC Labs, and more.

Bella brings your familiar mobile banking into crypto with just one click. With Bella, you can just simply sit back, watch your asset grow, and leave all the heavy-lifting to secure, automated smart contracts.

Bella’s core team consists of serial entrepreneurs and blockchain veterans who have tremendous experience and a proven track record in finance, cryptography, blockchain, and engineering.

📰 INFO:

https://bellaofficial.medium.com/bella-protocol-monthly-report-may-progress-review-764be2af8548