Bella Protocol Mid-Year Progress Report | January — June 2024 Progress Review
Dear Bella community,
It’s been a while! We have many developments to update you on regarding Bella’s recent accomplishments, current tasks, and relevant milestones. We’ll be covering all significant events that have occurred in the first half of 2024 as we continue towards revolutionizing the field of crypto and DeFi.
We’d also like to take this opportunity to express our gratitude to you guys who have been with us every step of the way. The best is still yet to come for Bella!
January 2024
Bella LP Farm integrated Manta Network to Augment Liquidity Provision Reach
Bella LP Farm now has presence on three chains — Manta Network, zkSync, and Mantle Network
We partnered with the leading DEX on Manta Network, iZiSwap, to launch a dual farming incentive program
Collaborated with Manta Network and iZiSwap on limited time campaigns to grant early users special $BEL, $MANTA, and $IZI rewards
Bella LP Farm Integrates Manta Network, Further Expands Liquidity Provision Reach
We established BellaStaking node on Manta Network
Became one of Manta Network’s pioneering collators
Users can delegate their $MANTA staking to our node, ‘BellaStaking’, for additional rewards
<a href="https://medium.com/media/ed9bf7afb45d31a746fb633c66b90e72/href">https://medium.com/media/ed9bf7afb45d31a746fb633c66b90e72/href</a> March 2024 Partnership with zkLink
Witnessing the remarkable adoption surge within the Layer 3 ecosystem for DeFi protocols, Bella proudly joined the zkLink family, recognized as the world’s first zkEVM aggregated Layer 3 infrastructure designed for high-performance ZK applications. By aligning with zkLink, Bella took a significant step into the forefront of DeFi innovation powered by advanced ZK technology.
<a href="https://medium.com/media/808b6118298b479f3c62d2ddf43a8b99/href">https://medium.com/media/808b6118298b479f3c62d2ddf43a8b99/href</a> Partnership with zkLink Nova
Bella Protocol announced its partnership with zkLink Nova, Ethereum’s groundbreaking Aggregated Layer 3 Rollup Network powered by zkLink’s Nexus tech and zkSync’s ZK Stack. As the first of its kind, zkLinkNova was designed for general-purpose DApps, addressing the challenge of increasing liquidity fragmentation across numerous Layer 2 rollups. This collaboration marked a pivotal moment in Bella’s journey towards a more connected and scalable Ethereum ecosystem.
<a href="https://medium.com/media/c648e631c772208e06f5d1f07e0ab6d0/href">https://medium.com/media/c648e631c772208e06f5d1f07e0ab6d0/href</a> Partnership with NuLink
Bella Protocol announced a partnership with NuLink, a leading ZK Provable Data Privacy Solution for DApps. This collaboration combined NuLink’s blockchain foundation and secure computation protocols with Bella Protocol’s expertise in liquidity provision. Together, we aimed to enhance privacy, security, and efficiency in the DeFi space, offering a solution where data protection and liquidity potential intersect.
<a href="https://medium.com/media/2217e0d05aab8c37626a9bfff5b0aa16/href">https://medium.com/media/2217e0d05aab8c37626a9bfff5b0aa16/href</a> April 2024 Established strategic partnership with Manta Network
Bella seeks to take advantage of Manta Network’s developer-friendly architecture, strong liquidity potential, and efficiency through modular data availability
Both projects have been cooperating to innovate DeFi initiatives within the Manta ecosystem
Partnership with Raiinmaker
Bella Protocol announced its collaboration with Raiinmaker, a pioneer in decentralized AI that leverages Web3 infrastructure to authenticate data and train artificial intelligence. This partnership reflects a shared belief in the transformative power of technology to democratize finance and empower communities globally. By combining Bella Protocol’s streamlined DeFi tools with Raiinmaker’s innovative AI technologies, the partnership aims to enhance the accessibility and effectiveness of decentralized finance, paving the way for a more inclusive digital future.
<a href="https://medium.com/media/4fba0b7fee44cbb8d277d9e817f2130c/href">https://medium.com/media/4fba0b7fee44cbb8d277d9e817f2130c/href</a> June 2024 Bella Protocol Invested in Ink Finance
Bella Protocol contributed to the fundraising round of Ink Finance as they embarked on their journey to revolutionize DeFi for both institutional and governance-based applications. Ink Finance is the scalability solution for web3 DAOs, protocols and asset managers, enabling them to customize asset management and governance frameworks through a no-code interface, to effectively establish on-chain credit and financial competence. We are excited to witness and support Ink Finance’s journey as they create comprehensive, customizable solutions for both on-chain and off-chain networks. Together, we are committed to driving forward a more inclusive, transparent, and innovative financial future.
<a href="https://medium.com/media/cdcea6f77230bc6c0f5ab3d6462f944b/href">https://medium.com/media/cdcea6f77230bc6c0f5ab3d6462f944b/href</a> Co-hosted Aggregation Rave at EthCC
The Aggregation Rave at EthCC was an electrifying event held in Brussels, Belgium, combining the vibrant worlds of music and crypto. Headlined by the world-renowned DJ Layla Benitez, the rave was an unforgettable fusion of beats and blockchain. Powered by RaveDAO and Polygon, with Bella Protocol as a co-host, the event was a standout highlight of EthCC, mesmerizing attendees with its innovative blend of cutting-edge blockchain technology and electrifying music.
<a href="https://medium.com/media/6eef4116539e7bd11af494d49bba69c6/href">https://medium.com/media/6eef4116539e7bd11af494d49bba69c6/href</a> What’s Upcoming for Bella
Following a busy first half of the year, we’re not letting up at all in expanding our presence and delivering great experiences for our community! We’re already cooking up something big as we plan to revamp our product offering to blaze new trails in the use of AI for crypto investments. Bella is collaborating with Phoenix, a decentralized AI infrastructure provider, to seamlessly integrate the benefits of artificial intelligence for our users in a smooth, user-friendly manner. Stay tuned for more specific developments regarding our rebrand! Thanks again for being with us on this journey as we seek to finish out 2024 stronger than ever!
About Bella
Aiming to help users unleash the liquidity potential and maximize crypto yields across multiple chains, Bella Protocol provides a suite of streamlined tools, including a zkSync-based yield protocol, an Ethereum-based smart liquidity pool, and a Uniswap V3 simulator.
The flagship product, Bella LP Farm, is a yield protocol based on zkSync Era, Mantle Network, and Manta Pacific that optimizes returns on liquidity provision. By staking LP tokens on an intuitive portal, users can effortlessly bolster potential earnings with multiple token rewards.
Another notable product in Bella’s line-up is Bella Flex Savings V2, a gas-efficient and smart liquidity pool that auto-compounds returns and provides a low-fee wealth management experience. Flex Savings V2 has been running on Ethereum since February 2021, with the highest TVL of over $40 million.
Bella Protocol caters to the needs of developers and quant strategists with a unique offering called Tuner. This programmatic Uniswap V3 simulator enables users to backtest and fine-tune their quantitative strategies on a transaction-to-transaction basis. With the ability to work with arbitrary or historical data without relying on the EVM, Tuner operates independently while fully preserving the exact smart-contract behavior of the intricate design and implementation of Uniswap V3.
Bella Protocol is backed by Binance Labs, Arrington XRP Capital, and several other renowned investors.
For more information about Bella or to join our team, please contact us at contact@bella.fi
Learn about Bella’s recent official news：
Medium: https://medium.com/@Bellaofficial
Twitter: @BellaProtocol
Telegram: https://t.me/bellaprotocol
Discord: https://discord.gg/jcuFJZWFMh
