As stated in the post, the Bella Protocol will inaugurate the platform. Now, participants can stake their BNB, BUSD or ARPA tokens in different pools. The post revealed that it will begin on the 9th of September by 9:00 am (UTC), and will last for more than 30 days.
Subsequently, the blog post explained further that Binance will list the $BEL token at 6:00 am (UTC) on the 16th of this month.
Bella co-founder and CEO, Felix Xu also talked about the development:
“At Bella, we want to bring your everyday banking experience to crypto. A majority of crypto holders cannot participate in DeFi due to high cost and poor user experience.”
As a solution, he added that Bella users can save gas fees and time while enjoying the best services.
Speaking on the aim of the Bella Protocol, Xu highlighted that the company hopes to attract 10X more customers to the DeFi ecosystem.
Binance Founder Changpeng Zhao also commented on the announcement. Zhao expressed his excitement to host the Bella Protocol as the inaugural DeFi offering on the Binance platform. He added;
“…and we are delighted to offer Binance users the opportunity to farm assets securely.”