Bella Protocol (BEL) Price

Bella Protocol is a project that aims to simplify the current user experience in DeFi by addressing issues such as high gas fees and a steep learning curve. The team's primary objective is to onboard more users into the DeFi ecosystem by offering a suite of DeFi products that provide a streamlined crypto banking experience. One of the standout features of Bella is its diversified cross-platform yield farming strategies with auto-rebalancing, which caters to both new and experienced users on-chain or through Bella's custodian service.

To minimize the transaction gas fees involved in DeFi, Bella Protocol aggregates transactions and interacts with smart contracts once every 12 hours. This approach significantly reduces the number of transactions required and makes it more affordable for users to access DeFi products. The native utility token of the Bella ecosystem is BEL, which plays an essential role in the platform's operations.

One of the use cases for BEL is 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 among BEL stakers and voters, referral channels, operations budget, and the project's risk reserve. BEL holders also enjoy service fee discounts, making it more affordable for them to use the platform's services.

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. Additionally, users who stake BEL tokens can vote for potential product upgrades, releases, and parameter fixes, giving them a voice in the platform's governance.