Binance launches DeFi platform for its users

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The most important portal for the exchange of crypto-currencies in the world, Binance, launches a new platform for DeFi. This is Binance Launchpool, the first of the incursions of this firm to have its users host assets in a secure way with the Decentralized Finance (DeFi) protocols.

The first project that will be part of this new platform is Bella Protocol. It should be noted that, as part of Binance Launchpool, the tokens of Bitcoin Rejoin, BUSD and ARPA can be bet with it. Thus, these bets can be made in three separate groups to cultivate tokens, explains the note.

Another important aspect is that Binance is launching this platform for DeFi, which will include the BEL token, with which you can trade. The options open for trading the token are BEL/BTC, BEL/BNB, BEL/BUSD and BEL/USDT.

First Binance platform for DeFi

The information about the inclusion in the Bella Protocol list was announced during the morning of this Sunday, September 6th. In this sense, as already mentioned, through Launchpool, users will have at their disposal all the products of this DeFi.

For its part, it should be noted that the Bella protocol is part of the boom of decentralized finance of the Ethereum’s Blockchain network. It is an optimized cryptographic banking. It allows for more democratic participation in terms of access to credit.

In this sense, the nature of the DeFi, is to fulfill all the functions of banking, but in a decentralized way. In other words, this means that anyone, regardless of whether they are banked or not, can access the use of the services provided by these protocols.

What is the Bella Protocol?

It is a DeFi designed and prepared by APRA, and it allows the use of this form of democratic banking with some particular advantages. One of them is that it subsidizes the GAS rate, automating practically all of its functions, which allows both new and experienced users to have no problem using it.

According to statements by the founder of Bella Protocol, Feliz Xu, quoted by the Binance blog, this protocol is much cheaper than any other DeFi.

„At Bella, we want to bring all your daily experience with banks to the world of cryptology. Most cryptomoney holders can’t participate in the DeFi because of the high cost involved,“ Xu says, adding that his protocol provides an answer to this problem and other „bad experiences.

The automation of all the services of this DeFi protocol, explains Xu, allows any user, even without experience, to have full knowledge of it. „Our goal is to bring 10 times more users to DeFi,“ he said.