*In addition, we are also working on cooperation with others CEX/DEX~
Q4：How is the audit progress of the Bagels smart contract？
As of September 25, 2021, Bagels has completed two audits and is submitting the third audit to Slow Mist. BSCscan has verified Bagels' code and concurs with the audit.
Q5：Where does Bagels Finance team come from？
A5：The Bagels Finance R&D team is composed of technical teams from the United States, China and Canada, and is headquartered in Silicon Valley, USA.
BAGEL Basic Information
A1：Where to buy BAGEL?
DEX：
We currently listed the trading pair of BAGEL/BUSD on PancakeSwap and 1 inch(In principle, all tokens can purchase BAGEL）；
A2：When locking BAGEL into Boardroom, the user will receive veBAGEL, an interest token of Boardroom, which is used to calculate the platform revenue dividend earned by the holder, payable once a week.
The value of veBAGEL includes:
DAO Voting and participate in proposal
50% of platform interest spread, 50% of liquidation fee and 85% of farming tax will be distributed to Boardrooom members at 8pm on Wednesday(UTC-4)
Boost the acceleration on Vault farming, up to 2.5x
Dokodoa revenue dividend
Airdrops from projects who cooperate with Bagels
Q2：What is the difference between BAGEL locked for 1 year and 4 years?
Q3: When can I receive the dividend if I lock BAGEL now?
A3：Every Wednesday at 8pm (UTC-4), contract will take a snapshot of the locked amount of veBAGEL and the dividend income of the LAST PERIOD, and distribute dividends according to the results of this snapshot.
Sum: The first dividend will be received 14-21 days after locked BAGEL.
Example: Locked BAGEL at 7pm on Oct 6(UTC-4), the first dividend will be received at 8pm on Oct 20(UTC-4). Then receive dividend every week.
Locked BAGEL at 9pm on Oct 6(UTC-4), the first dividend will be received at 8pm on Oct 27(UTC-4). Then receive dividend every week.
Since there will be two weeks from locked BAGEL to the first dividend, and 3 snapshots will be taken in this period. Therefore you won't receive dividends if only locked BAGEL for 1-week cuz you don't have any veBAGEL in the third snapshot, which means you should lock BAGEL for at least 3 weeks to receive the dividends.
Q4：Where to receive the dividends? Will it be distributed directly to my wallet?
Q7：Why the gBNB token can be shown on the Bagels but not on PancakeSwap?
A7：gBNB is a token that can't be traded and acted as a certificate for earning interest after deposited, representing the user's shares of the Bagels pool.
Leverage
Q1：How to calculate the APY of farming pools?
A1：(1+apr/365)*365
Q2: What's the different between 1x, 2x and 3x in Leverage?
1x leverage is the same as the standard farming you can do anywhere else, which means you didn't borrow any assets for leverage so there's no debt risk. If the lending and borrowing for 1x leverage are the same asset, Bagels needs to swap them to LP token in accordance 1:1 ratio, which means users need to pay the swap fee and slippage.
2x leverage, if the lending and borrowing are different assets, these two will automatically match to LP token in accordance 1:1 ratio. Users don't need to pay the swap fee and slippage cuz there's no swap in this progress. If the lending and borrowing are the same assets, users need to pay the swap fee and slippage.
2x leverage, if the lending and borrowing are different assets, you’ll have neutral exposure to that borrowed asset. This means at position opening, your equity value will be indifferent to a modest rise OR fall in the borrowed asset’s price. We suggest you select the trading pair that contains stablecoin, in this way your position value will increase with no risks.
Above 2x, you must pay the swap fee and slippage. At 2.5x and 3x leverage, you will have a slight short on the borrowed asset, meaning your equity value will increase when that asset's price falls, and your equity value will decrease when the price rises.If you select a trading pair that didn't contains stablecoin, to maximize your profits, consider borrowing the asset OPPOSITE TO the one you are most bullish about.
Example, in ETH-BNB, if you expect ETH's price to rise more than BNB's price, then borrow BNB.
