What Is Belt Finance and How to Earn $BELT?

2021-04-16 03:30:00 · 39 views · 4 min read


Belt Finance can be a conveyor belt of optimized yield to your assets. It’s an AMM protocol that incorporates multi-strategy yield optimizing on Binance Smart Chain (BSC) with low fees/slippage that also provides aggregation through vault compounding, lending and yield generation for maximum returns.

In Belt Finance, all tokens or LP tokens can be pooled. The best pools will generate more yield and return more incentive to Belt pool liquidity providers. Some of these pools may consist of a variety of: 

  • Instant-swap protocol (like PancakeSwap) LP pools

  • Vault with lending protocols (like venus) token pools

  • Staking assets & assets (like ETH-BETH) pools

  • tokens + pool tokens (like VAI - venus pool ) pools

  • non-yield non-impermanent loss stable vault pools with AMM profits

You can now access the USDT-USDC-BUSD-DAI pool, while the VAI-VENUS BLP and ETH-BETH pools are on the way. Belt Finance maximizes yield returns on your asset position by strategically utilizing a variety of vaults and compounding these an optimal number of times per day.  



If you have read our article about Liquity Protocol yesterday, you will know that you do not need to bear the staked tokens’ price fluctuation to enjoy profits by doing stablecoin staking. Belt Finance stablecoin pool USDT-USDC-BUSD-DAI is one of the stablecoin staking options you can choose.

If you deposit DAI in Belt Depositor you will receive bDAI in return. bTokens can be regarded as your deposit receipt. They represent liquidity provided in a Belt depositor contract. If the depositor contract you are providing liquidity to generates profit, your bTokens will increase in value, since they represent a share of that pool. This is why you may observe an increase in price. When you withdraw liquidity from the pool, your bToken will be burned. bTokens are BEP-20 meaning they can be transferred and traded like any other BSC token. 



By providing liquidity to the stablecoin pool, you are actually doing stablecoin mining which you do not need to bear the price fluctuation of the token you bought.



BELT tokens are used for Belt Finance governance, for example, to decide Block emission rate (inflation), mining rate, BELT pool distribution, fees or burn rates. 



You can earn BELT rewards by staking WBNB-BELT LP. 

To stake, first, you’ll provide liquidity to the WBNB-BELT pool on PancakeSwap, then get the LP token, and come back to Belt Finance to stake your LP token. So you need to buy in $BELT to bear its price fluctuation.



Belt Finance data dashboards demonstrate that the BELT token price has a high correlation with its users, volume, transactions and dex trading volume.


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