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).
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 they choose 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.