Bagels Finance Partnership with Berry Data
Through this partnership, Berry Data and Bagels Finance have partnered to integrate Berry Oracle with Bagels Finance. This will allow Berry Data to provide more accurate price data to Bagels Finance.
Users can participate on Bagels Finance as:
Lender: Lenders on Bagels provide assets to the Bagels Vault. You can earn a simple return on your assets by depositing them into lending vaults. These assets are then borrowed by yield farmers on the platform looking to leverage their positions and earn more.
Yield Farmer: Yield Farmers can choose different pools to lock their assets into. These pools provide liquidity to different cryptocurrency applications and provide rewards to yield farmers for their assets. Yield farmers can borrow additional assets from the Bagels Vault, allowing you to have leveraged positions (up to 10x) that can produce higher returns.
Liquidator: Liquidators monitor pools for at-risk leveraged yield farming positions that could potentially default, and they liquidate these positions. They earn a 5% percent fee for this services but bare the cost of completing the liquidation transaction.
Bagels Finance
Bagels Finance is the first cross-chain leveraged yield farming aggregation protocol and liquidity provider for Heco, BSC, and Ethereum Layer2. Bagels strategically interacts with multiple DeFi yield farming products and staking assets for yield farmers to earn them the highest profits. Bagels borrows assets and provides additional liquidity for yield farmers by leveraging their asset deposits, allowing yield farmers to earn a higher farming APY on their deposited and borrowed assets on Heco, BSC and Ethereum Layer2.
