Bella Protocol, a leader in permissionless financial products – including automated yield farming services, BEL Locker, and Flex Savings – and the cryptocurrency fiat hybrid payment solutions provider.
Alchemy Pay (ACH), has announced a strategic partnership to provide DeFi yield products that target mass adoption in Asia and the Middle East.
Although CeFi and DeFi products such as cryptocurrency lending and yield farming offer significantly higher returns compared to traditional financial products, these products are currently not utilized by those outside of the cryptocurrency industry. This is due to a steep learning curve and lack of efficient fiat on-ramps. This has led to slower market adoption and lessened the utilization of managed digital assets.
This partnership will combine Bella Protocol’s ability to source optimal yield farming and lending/saving products with Alchemy Pay’s fiat payment rails and market presence. This will effectively enhance usability, bridge the gap between fiat and cryptocurrency, and launch CeFi and DeFi solutions for everyday users.
As part of the partnership, Bella Protocol will join Alchemy Pay as a founding member of the Blockchain Infrastructure Alliance that comprises a growing list of blockchain industry leaders, including cryptocurrency exchanges, stablecoin issuers, and DeFi platforms. The alliance will promote and drive the growth and advancement of the cryptocurrency and