• Bella Protocol offers auto-compounding yield aggregator and quantitative analysis tools for liquidity providers of Curve, Uniswap, and other AMM DEXs.

• $BEL is Bella's native utility token and is used in the following functions:

  • Fee Collection: A portion of transaction and service revenue from the platform will be used to reward BEL stakers and voters.

  • Discounts: BEL holders enjoy service fee discounts. For instance, users will pay less for using Flex Savings when they choose to pay their fees in BEL.

  • Staking: Bella Locker offers BEL holders rewards via the staking program.

  • Governance: Users who stake BEL tokens can vote for potential product upgrades, releases, and parameters.

• Bella offers three distinct products for different types of DeFi users:

  • Bella Flex Savings: A smart yield aggregator that allows non-technical DeFi users to earn yield from liquidity provision on Curve. By depositing USDT, USDC, ARPA, WBTC, or HBTC, users can earn rewards in their native form. Bella Flex Savings automates the process of compounding yield, saves gas fees, and offers incentive boosts for users.

  • Bella Tuner: A programmatic Uniswap v3 simulator that allows technical DeFi liquidity providers, funds, and projects built on Uniswap v3 to fine-tune and backtest their strategies. It runs independently but retains the exact smart-contract behavior of Uniswap v3's intricate design and implementation. Users can simulate various scenarios, such as quant LP backtesting and flash loan attack backtesting.

  • Bella Locker: A fixed-income product for users to earn rewards automatically with fixed APY. Users can stake any amount of BEL to participate in the program.

• Bella Protocol has raised a total of US$4.50MM via a private token sale conducted in August 2020, selling 6.00% of the total token supply at a rate of US$0.75 / BEL.

• As of Mar 27th, 2023, the total token and max supply is 100,000,000. The current circulating supply is approximately 60,000,000 (60% of the max token supply).

Key metrics (as at March 27th, 2023)

1. What is Bella (BEL)?

• Bella Protocol aims to simplify the user experience of liquidity provision for base-layer DeFi protocols. Bella Flex Savings allows non-technical users to deploy their assets and earn yields on Curve with just a few clicks and low gas fees.

1.1 Project Value Proposition

• Bella Protocol offers liquidity provision solutions and tools for DeFi users, offering non-technical users the ability to easily earn a yield on Curve through Bella Flex Savings, while also providing advanced users and liquidity providers the opportunity to fine-tune and backtest LP strategies on Uniswap using Bella Tuner, a programmatic Uniswap v3 simulator.

1.2 Project Key Highlights

• Highlights for Bella Flex Savings:

  • Gas Fee Saver: Save up to 90% on gas fees with Bella Flex Savings built-in yield aggregation mechanisms.

  • Auto Reinvest & Compounded Return: All returns are automatically reinvested to compound earnings, managed by smart contracts to maximize yield with full transparency.

  • Reward Booster: Longer vesting periods generate more returns, encouraging users to stake for increased portfolio growth. Users can choose to delay BEL reward distribution for a boosted return of 1.15x/1.3x/1.6x for 7/15/30 day delays.

  • Low Management Fee: Bella Flex Savings management fee is a flat 0.25%, only charged at withdrawal.

• Highlights for Bella Tuner

  • Completely replicates tick-level calculation of Uniswap v3: quantitative liquidity provision strategy will run through Uniswap v3 implementation logic instead of just the high-level mathematical model.

  • Maintains the identical tick-level precision of prices, fees, and positions of Uniswap v3: the result of backtesting is true to the real performance with minimum margin of deviations.

  • Fast-forward and rewind transactions: users can easily repeat a small portion of a test with a different set of parameters without the need to start over.

  • Take or recover from a snapshot (state): users can run continuous regression tests as strategies constantly evolve.

  • Branches out and runs in parallel: users can run multiple back-tests, each with a different set of parameters, at the same time and compare the performance.

  • Persist historical data and strategy execution records in an SQLite database: quant researchers can do advanced statistical analysis both in real-time and after the testing.

2. Existing Products

• Bella Flex Savings: A yield aggregator that enables DeFi users without technical expertise to earn yield by providing liquidity on Curve. Users can deposit USDT, USDC, ARPA, WBTC, or HBTC and receive interest in their native form. Bella Flex Savings streamlines the compounding of yield, reduces gas fees, and provides incentive boosts for users.

• Bella Tuner: A simulation tool for Uniswap v3 designed for technical DeFi liquidity providers, funds, and projects to test and refine their strategies. It operates independently from EVM but replicates the precise smart-contract behavior of Uniswap v3's complex design and implementation. By using arbitrary or historical data, users can simulate scenarios like quant LP backtesting and flash loan attack backtesting on a transaction-by-transaction basis.

• Bella Locker: Product that allows BEL holders to earn rewards and hedge against short-term market volatility.

3. Economics and supply

3.1 Token sales data

3.2 Token allocations

BEL token allocation

BEL token release schedule

4. Roadmap & Updates

4.1 Completed Milestones

4.2 Current Roadmap

• 2023 Q1 - Exploratory research on privacy-preserving DeFi applications enabled by multiparty computation and zero knowledge proof

• 2023 Q2 - Deployment of Bella Flex Savings to Arbitrum and other layer2s

• 2023 Q3 - Proof of concept for ZK-enhanced DeFi applications

• 2023 Q4 - Deployment of Bella Flex Savings to other EVM compatible chains

• 2024 Q1 - Testnet release of ZK-enhanced DeFi application (TBD)

• 2024 Q2 - Mainnet release of ZK-enhanced DeFi application (TBD)

• 2024 Q3 - Liquidity incentives for ZK-enhanced DeFi application (TBD)

4.3 Commercial and Business Development Progress

• Travala.com: blockchain-based travel platform; integrating BEL as a payment method.

• Tidal Finance: blockchain-based insurance platform; providing insurance covers for Bella Protocol.

• InsurAce: blockchain-based insurance platform; providing insurance covers for Bella Protocol.

• Alchemy Pay: fiat-crypto gateway; jointly providing DeFi yield products.

• 4EVERLAND: Web3.0 cloud computing platform; jointly enabling privacy protection, distributed storage, and other technical features in DeFi.

5. Community

• Twitter

• Medium

• Telegram

• Discord

• GitHub